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Deloitte Consulting Acquires Dextra Technologies To Expand And Scale Its Product Engineering Capabilities

Jan 31, 2022•over 3 years ago

Acquiring Company

Deloitte

Acquired Company

Dextra Technologies

New YorkPublic SafetyArtificial Intelligence

Description

Deloitte Consulting announced today that it has acquired substantially all of the assets of Dextra Technologies, a leading product engineering services and embedded software firm. This acquisition of the Dextra Technologies business extends Deloitte Consulting's offerings to accelerate the digital transformation from standalone products into smart connected platforms and greatly expands the organization's product and software engineering capabilities. Terms of the deal were not disclosed.

Company Information

Company

Deloitte

Location

30 ROCKEFELLER PLAZA

New York, New York, United States

About

Deloitte drives progress. Our firms around the world help clients become leaders wherever they choose to compete. Deloitte invests in outstanding people of diverse talents and backgrounds and empowers them to achieve more than they could elsewhere. Our work combines advice with action and integrity. We believe that when our clients and society are stronger, so are we. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities. DTTL (also referred to as “Deloitte Global”) and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed