Consulting firm Accenture has acquired Bangalore-based chip design services company Excelmax Technologies.

The financial terms of the deal were not disclosed, but the acquisition will see 450 Excelmax Technologies employees join Accenture to work across emulation, automotive, physical design, analog, logic design, and verification.

Founded in 2019, Excelmax Technologies provides custom silicon solutions for consumer devices, data centers, artificial intelligence (AI), and Edge AI platforms for the automotive, telecommunications, and high-tech industries.

In a statement, Accenture said the acquisition would “enhance [the company’s] growing silicon design and engineering capabilities.”

The consulting giant has been offering silicon-managed services since 2018, with its website stating the company has experience in silicon architecture, logic design, verification, physical design, emulation, and firmware.

Its current service offerings include product development, silicon process technologies down to 5nm, a six-month intensive silicon training program to upskill new engineers, and relationships with leading semiconductor companies.

“With the rapid evolution of new technologies like generative AI and the growth of connected products, more intricate, specialized chips with enhanced performance and efficiency are required,” said Karthik Narain, group chief executive of technology at Accenture. “Our acquisition of Excelmax enhances our expertise across every aspect of silicon design and development - from concept to production - so we can help our clients fuel innovation and drive growth.”

Shekhar Patil, founder and CEO of Excelmax Technologies added: “Joining Accenture enables us to remain at the forefront of innovation, providing new and exciting opportunities for both our clients and our people.”

In 2022, Accenture acquired Ottawa-based silicon design services company XtremeEDA, also for an undisclosed amount. That deal saw Accenture add 40 engineers and practitioners to work across its telecommunications, consumer products, and avionics and defense teams.