Accenture Completes Acquisition of Ammagamma
Published on: 07 February 2024
Accenture (NYSE: ACN) has completed the acquisition of Ammagamma, an Italy-based firm that helps companies advance their uses of AI and generative AI technologies. The transaction is part of Accenture’s $3 billion investment to accelerate clients’ transformation through the large-scale application of AI.
The acquisition of Ammagamma, previously announced on November 28, 2023, adds more than 90 AI professionals to Accenture's workforce, including engineers, mathematicians, economists, historians, philosophers and designers. Financial terms of the transaction were not disclosed.
Founded in 2013 with the aim of improving the productivity and performance of Italian companies by exploiting the potential of AI, Ammagamma already contributes significantly to the development of a society aware of the potential, implications and impacts deriving from this technology.
Based in Modena, the company operates in a crucial region for the economic development of the country, serving key sectors and supply chains from automotive to pharmaceuticals. Since 2021, it has doubled its staff of professionals and increased its turnover, working alongside leading companies in the energy, insurance, banking, utilities and media sectors.
