Accenture, the global professional services giant, has successfully concluded its acquisition of Ammagamma, an Italy-based firm specializing in advancing the application of AI and generative AI technologies. The strategic move aligns with Accenture's ongoing commitment to investing in AI and marks a significant step in the company's $3 billion initiative aimed at accelerating clients' digital transformation through the widespread adoption of AI.
The acquisition, initially announced on November 28, 2023, is poised to enhance Accenture's workforce with the addition of over 90 AI professionals, spanning disciplines such as engineering, mathematics, economics, history, philosophy, and design. Although the financial terms of the transaction remain undisclosed, the incorporation of Ammagamma into Accenture underscores the company's dedication to strengthening its position as a leader in AI-driven solutions.
Founded in 2013, Ammagamma's primary objective has been to enhance the productivity and performance of Italian companies by harnessing the potential of AI. The company has been instrumental in fostering a societal awareness of AI's possibilities, implications, and impacts. Operating from Modena, a pivotal region for Italy's economic development, Ammagamma caters to crucial sectors such as automotive, pharmaceuticals, energy, insurance, banking, utilities, and media.
In recent years, Ammagamma has experienced substantial growth, doubling its professional staff since 2021 and expanding its turnover. The company's collaborative efforts with leading entities in various industries reflect its commitment to driving innovation and digital transformation in Italy.
Accenture, known for its position as a talent- and innovation-led company, boasts a global workforce of approximately 743,000 individuals serving clients across more than 120 countries. At the forefront of technology-driven change, Accenture leverages strong ecosystem relationships to deliver tangible value at speed and scale.
The company's focus on technology, particularly in cloud, data, and AI, positions it as a leader in driving transformative change. Accenture's unique ability to deliver tangible outcomes is attributed to its diverse range of services, solutions, and assets across Strategy & Consulting, Technology, Operations, Industry X, and Song.
With the completion of the Ammagamma acquisition, Accenture reinforces its commitment to harnessing the power of AI and generative AI technologies. This strategic move further positions the company as a global leader in delivering innovative, technology-driven solutions that optimize operations, drive revenue growth, and create tangible value for clients across diverse industries.