Since 1997, Mexico-based Dextra Technologies has served as a hub of innovation, designing, building, and testing embedded software solutions that empower companies worldwide to develop smart, connected products. Employing more than 350 experienced product and software engineers, the firm’s strategically-placed offices in Monterrey, Guadalajara, and Aguascalientes have provided opportunities for the education and development of an entire generation of technology professionals. Their decades of expertise has not gone unnoticed, and the company has recently announced their acquisition by a Big Four consulting firm.
In a January 31 press release, Deloitte Consulting announced its acquisition of substantially all of the assets of Dextra Technologies as part of the consulting firm’s efforts to expand and scale its product engineering capabilities. Daniel Chavez, Dextra’s CEO, has been tapped to serve as a managing director as the company integrates its engineering teams into Deloitte’s workforce. The terms of the deal were not disclosed publicly.
“Today’s organizations need to concurrently evolve their business models, research and development processes, ecosystems, and products by leveraging cloud-native technologies and embracing progressive product engineering methods,” said Kevin Prendeville, principal and product engineering services leader for Deloitte. “With Dextra Technologies, we’re building on Deloitte Consulting’s market-leading product engineering transformation capabilities to now offer an even broader range of services to accelerate our clients’ business goals.”
The acquisition marks the second time in less than a year that Dextra has changed hands, having previously been acquired by CI&T Software, a global digital transformation company that is publicly traded on the NYSE, in July 2021.
The move comes little more than a year after Deloitte’s acquisition of HashedIn Technologies Private Limited, a leading cloud native software engineering and product development business. The firm acquired other product development companies over the course of 2021, including The Working Group and Sentek Consulting, as it continues to expand its ability to serve clients seeking to rapidly develop and deploy disruptive, innovative solutions.
As businesses look for new ways to streamline product development and reduce time to market, Deloitte’s string of acquisitions in the product development space stands to provide the firm and its clients with strong support to deliver market-leading products and solutions.
