November 28, 2023

Accenture to Acquire Ammagamma to Help Italian Companies Advance Use of AI Technologies

MILAN; Nov. 28, 2023 – Accenture (NYSE: ACN) has agreed to acquire Ammagamma, an Italy-based firm that helps companies advance their uses of AI and generative AI technologies. The transaction is part of Accenture’s investment of $3 billion to accelerate clients’ transformation through the large-scale application of AI.

Ammagamma has a multidisciplinary team consisting of 90 experienced AI professionals, many specializing in generative AI, along with expertise that includes engineering, mathematics, economics, historians, philosophers and designers. Founded in 2013, with the aim of harnessing AI to improve the productivity and performance of Italian businesses, it is already making a major contribution to understanding the potential, implications and impact of this technology. Ammagamma will join Accenture’s growing network of AI professionals as part of its Advanced Center for AI in Europe.

Headquartered in Modena, Ammagamma operates in a region that has a decisive role to play in the country’s economic development, hosting key supply chains serving the automotive and pharmaceutical sectors. Since 2021, it has doubled its team of professionals and increased revenue, working alongside leading companies in the energy, insurance, banking, utilities and media sectors.

"We look forward to bringing Ammagamma on board with Accenture as part of our drive to further accelerate our country’s economic growth," said Mauro Macchi, president and CEO of Accenture Italy. "AI technology plays a key role in enabling businesses to take a distinctive approach to strengthening their digital core. Italian organizations need to strategically invest in cloud, in the use of data and in AI to boost market competitiveness and to help improve the country’s technological capabilities. Ammagamma marks a crucial investment in Italian excellence that will allow us to create a specialist hub in Emilia-Romagna able to retain and attract talents that Accenture will involve in the innovation projects of leading Italian and international players."

“This is a proud moment of growth and advancement, but also of recognition for the human-centric approach that has always distinguished us and for our clear vision of artificial intelligence as 'simple' applied mathematics, capable of bringing positive impact to people, to businesses, and to society,” said Fabio Ferrari, president of Ammagamma. “Becoming part of Accenture is the best possible recognition for the pioneering path that we have taken so far.”

The terms of the transaction have not been disclosed. Completion of the acquisition is subject to customary closing conditions.

About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 733,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com

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Contact:

Armando Barone
Accenture
+39 348 5608969
armando.barone@accenture.com