Acquisition will greatly expand Deloitte's end-to-end digital product strategy and development capabilities
NEW YORK, Jan. 22, 2024 /PRNewswire/ -- Today, Deloitte announced that it has acquired substantially all of the assets of Giant Machines, a digital product company based in New York City. The Giant Machines business is focused on strategizing, designing and engineering innovative digital products, and will help bolster Deloitte Digital and Deloitte Engineering capabilities to offer clients a robust suite of services to deliver strategic and scaled engineering solutions.
Since its founding in 2015, Giant Machines has specialized in many aspects of product design and development, including market and user research, product strategy, prototyping, engineering and design, and product management. The team has developed large-scale, custom solutions for Fortune 500 companies across a wide array of industries, including climate tech, health care, public utilities and more. Giant Machines is also focused on shaping the future of engineering talent through inclusive and custom learning experiences — which will become part of Deloitte's existing, award-winning training programs.
"Today's organizations need to deliver on innovation and technology to keep pace with customer expectations and competitors. The Giant Machines product incubation and solutions services will scale our Deloitte Engineering and Deloitte Digital capabilities to help our clients accelerate product delivery and shape the next generation of innovation," said Tim Juravich, principal, Deloitte Consulting LLP.
"We built Giant Machines into what it is today with a relentless focus on outcomes and by helping our clients to see a bigger picture," said Roy Yang, Giant Machines CEO. "It's that same philosophy that drew us to Deloitte. In joining Deloitte, I believe we can take our vision of creating tech that matters and advance it even further, providing greater opportunities for clients."
Deloitte has made significant acquisitions in the software engineering and product design space in recent years, including the businesses of Optimal Design, Dextra Technologies, HashedIn Technologies and NTC.
Deloitte was recognized in the recent 2023 Gartner® Magic Quadrant™ for Custom Software Development Services, Worldwide, wherein the organization was positioned as a Leader. Additionally, Deloitte was recognized in the IDC MarketScape: Worldwide Software Engineering Services 2023 Vendor Assessment (doc #US51330523, November 2023), which also positioned Deloitte as a Leader.
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Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about.
Giant Machines refers to Giant Machines Software LLC, a Delaware limited liability company.