Accenture acquires Italian AI advisory company Ammagamma

29 November 2023 Consultancy.eu 1 min. read
Profile

Accenture has acquired Ammagamma, an Italy-based firm that helps companies adopt artificial intelligence solutions.

Headquartered in Modena, with a second hub in Haifa, Ammagamma specialises in one of the world’s most defining technologies – artificial intelligence, including machine learning and generative AI. The company has a team of 90 professionals, spanning engineers, mathematicians, economists, historians, philosophers and digital consultants.

Ammagamma works for clients across sectors, including in the energy, insurance, banking, utilities and media sectors.

Accenture acquires Italian AI advisory company Ammagamma

Now part of Accenture, Ammagamma will be integrated into the firm’s Advanced Center for AI in Europe, and spearhead the firm’s Italian offerings for artificial intelligence.

“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 in Italy. “AI technology plays a key role in enabling businesses to take a distinctive approach to strengthening their digital core.”

The transaction is part of Accenture’s $3 billion investment to accelerate the growth of its AI capabilities, and extends a long streak of deals the company has closed in Europe this year.

Commenting on the joining of forces with the global player, Fabio Ferrari, president of Ammagamma said: “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.”