Why Deloitte Is Buying The Assets Of Giant Machines

By Amit Chowdhry • Jan 23, 2024

Deloitte announced that it had acquired substantially all of the assets of Giant Machines, a digital product company based in New York City. The Giant Machines business focuses on strategizing, designing, and engineering innovative digital products. It 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 being founded in 2015, Giant Machines has specialized in 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 various industries, including climate tech, health care, public utilities, and more. Plus, 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.

Deloitte 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.

KEY QUOTES:

“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.”

– 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. 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.”

– Roy Yang, Giant Machines CEO