Accenture Acquires Ammagamma For Advancing Italian Ai

By Author: Arina Smith
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Accenture (NYSE: ACN) has announced its acquisition of Ammagamma, an Italy-based company specializing in advancing AI and generative AI technologies. This strategic move is part of Accenture's $3 billion investment to propel clients' transformations through widespread AI application.

Ammagamma Overview
Founded in 2013, Ammagamma boasts a diverse team of 90 AI professionals with expertise in generative AI, engineering, mathematics, economics, history, philosophy, and design. The company's mission since inception has been to leverage AI to enhance productivity and performance for Italian businesses.

Accelerating Economic Growth
Headquartered in Modena, Ammagamma plays a crucial role in the economic development of the region, particularly in automotive and pharmaceutical supply chains. Since 2021, the company has doubled its professional team, increased revenue, and collaborated with prominent players in energy, insurance, banking, utilities, and media.

Accenture's Perspective
Mauro Macchi, President and CEO of Accenture Italy, expresses excitement about integrating Ammagamma into Accenture's ...
... mission to accelerate Italy's economic growth. Accenture emphasizes the pivotal role of AI in reinforcing businesses' digital cores, advocating for strategic investments in cloud, data utilization, and AI to enhance market competitiveness and technological capabilities.

Recognition and Vision
Fabio Ferrari, President of Ammagamma, sees the acquisition as recognition for their human-centric AI approach. He highlights their vision of AI as 'simple' applied mathematics with a positive impact on people, businesses, and society. Becoming part of Accenture is acknowledged as validation for their pioneering work.

Transaction Details
While the financial terms remain undisclosed, the completion of the acquisition is subject to customary closing conditions.

About Accenture
Accenture, a global professional services company, focuses on helping businesses, governments, and organizations build their digital core, optimize operations, accelerate revenue growth, and enhance citizen services. With 733,000 professionals across 120 countries, Accenture leverages technology, industry experience, and global delivery capability to create tangible value. The company's commitment to shared success and 360° value creation underscores its impact on clients, shareholders, partners, and communities.

In conclusion, Accenture's acquisition of Ammagamma marks a significant step in advancing AI capabilities in Italy. The collaboration aims to contribute to economic growth, strengthen digital cores, and foster innovation in the region.

https://www.techdogs.com/tech-news/business-wire/accenture-to-acquire-ammagamma-to-help-italian-companies-advance-use-of-ai-technologies