Accellera Systems Initiative is the result of the union of Accellera and the Open SystemC Initiative, and is an independent, not-for profit organization dedicated to create, support, promote, and advance system-level design, modeling, and verification standards for use by the worldwide electronics industry. It comprises a broad range of members that fully support the work of its technical committees to develop technology standards that are balanced, open, and benefit the worldwide electronics industry.

Leading companies and semiconductor manufacturers around the world are using its electronic design automation (EDA) and intellectual property (IP) standards in a wide range of projects in numerous application areas to develop consumer, mobile, wireless, automotive, and other "smart" electronic devices. Through an ongoing partnership with the IEEE, standards and technical implementations developed by Accellera Systems Initiative are contributed to the IEEE for formal standardization and ongoing governance.