Deloitte, a global leader in professional services, recently announced its acquisition of Optimal Design Co, a renowned product engineering services (PES) company based in Chicago.
Deloitte is one of the world's largest professional services firms, offering a wide range of services in the areas of audit, tax, consulting, risk advisory, and financial advisory. It operates as a network of member firms, with each member firm being an independent legal entity in its own country.
The acquisition of Optimal Design's assets further enhances Deloitte's expanding software and product engineering services portfolio, positioning the organization as a formidable player in the development of smart connected products and internet of things (IoT) devices.
Optimal Design specializes in the innovation and development of smart connected products and IoT devices, offering a range of services from product ideation to physical prototype development. Their expertise spans industrial design, hardware engineering, embedded software, connectivity, and rapid prototyping.
By adding Optimal Design's business to its engineering portfolio, Deloitte significantly expands its ability to assist companies in developing visionary solutions, harnessing the power of smart connected products, and seamlessly integrating IoT devices across their operations.
Deloitte's acquisition of Optimal Design represents a strategic move to augment its existing engineering capabilities. The integration of Optimal Design's broad skill set complements Deloitte's expansive range of services, enabling clients to capitalize on opportunities throughout the innovation spectrum. With this acquisition, Deloitte reinforces its commitment to helping organizations navigate the digital landscape and drive transformative change.
Kevin Prendeville, Principal and Product Engineering Services Leader at Deloitte Consulting LLP, expressed enthusiasm about the expanded capabilities resulting from the acquisition. He emphasized the potential for Deloitte to provide holistic support to clients, from conceptualizing ideas to transforming them into tangible prototypes.
Deloitte's expansion into software and product engineering services aligns with its commitment to staying at the forefront of technological advancements. As a trusted advisor to numerous companies across industries, Deloitte understands the value of leveraging emerging technologies to drive business growth and enhance customer experiences.
The acquisition of Optimal Design further positions Deloitte as a key player in the development of cutting-edge products and solutions, particularly in the realm of IoT. With its global presence and extensive resources, Deloitte offers clients access to a broad network of professionals who can assist in every stage of the product development lifecycle.
The combined capabilities of both organizations will undoubtedly enable clients to accelerate innovation, unlock new revenue streams, and navigate complexities.