On January 22, 2024, Deloitte, a global leader in audit, consulting, tax, and advisory services, announced a strategic acquisition, securing substantially all of the assets of Giant Machines, a prominent digital product company based in New York City. This move is poised to fortify Deloitte's digital and engineering capabilities, enhancing its ability to provide clients with a comprehensive suite of services for strategic and scaled engineering solutions.
Since its establishment in 2015, Giant Machines has been at the forefront of product design and development, specializing in market and user research, product strategy, prototyping, engineering and design, and product management. The company has a proven track record, delivering large-scale, custom solutions to Fortune 500 companies spanning various industries, including climate tech, healthcare, and public utilities.
A key aspect of Giant Machines' mission involves shaping the future of engineering talent through inclusive and customized learning experiences. Deloitte plans to integrate these initiatives into its existing award-winning training programs, aligning with the company's commitment to nurturing innovative and skilled professionals.
Tim Juravich, Principal at Deloitte Consulting LLP, highlighted the significance of this acquisition, stating, "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."
Roy Yang, CEO of Giant Machines, expressed confidence in the union, emphasizing the shared philosophy of focusing on outcomes and the broader vision. He stated, "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."
This acquisition is part of Deloitte's strategic expansion in the software engineering and product design space. Notable previous acquisitions include Optimal Design, Dextra Technologies, HashedIn Technologies, and NTC. Deloitte's leadership in the industry is underscored by its recognition as a Leader in the 2023 Gartner Magic Quadrant for Custom Software Development Services Worldwide and the IDC MarketScape: Worldwide Software Engineering Services 2023 Vendor Assessment.
As a global professional services network with a history spanning over 175 years, Deloitte serves nearly 90% of the Fortune 500 and over 8,500 U.S.-based private companies. The acquisition of Giant Machines aligns with Deloitte's commitment to making an impact that matters by combining business acumen, technological expertise, and strategic alliances to advise clients across industries, contributing to a more equitable society.
