Accenture (NYSE: ACN) has agreed to acquire Ammagamma, a Modena, Italy-based firm that helps companies advance their uses of AI and generative AI technologies.
The transaction, whose completion is subject to customary closing conditions, is part of Accenture’s investment of $3 billion to accelerate clients’ transformation through the large-scale application of AI.
Founded in 2013 and led by Fabio Ferrari, President, Ammagamma leverages AI to improve the productivity and performance of Italian businesses. The firm 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. Ammagamma will join Accenture’s growing network of AI professionals as part of its Advanced Center for AI in Europe.
Since 2021, the company has doubled its team of professionals and increased revenue, working alongside leading companies in the energy, insurance, banking, utilities and media sectors.
FinSMEs
28/11/2023