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Home Banking & Finance

Deloitte to acquire HashedIn to scale core engineering

Fiinews by Fiinews
December 4, 2020
in Banking & Finance, Investment, Technology
Reading Time: 3 mins read
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A deal of passion for innovation and digital transformation

New York’s Deloitte Consulting has agreed to acquire HashedIn Technologies Private Limited, a high-end product development and software engineering firm in India as part of its longstanding and strategic investment in scaling core engineering capabilities to augment its deep business domain knowledge.

Working with some of the most transformative companies of the digital age, HashedIn engineers market-leading solutions leveraging cloud-native technologies and modern pod-based delivery.

The combination of HashedIn’s services and Deloitte’s scaled digital, cloud, AI and cyber capabilities will deepen the capacity to design software products and intelligent solutions that drive innovation at the edge.

“Our two organizations embrace a passion for innovation, digital transformation and commitment to creating the best talent experience for our people,” said Dan Helfrich, Chairman and CEO, Deloitte Consulting LLP.

“Together, we will help our clients to imagine, deliver and run their futures with cloud,” said Helfrich on 4 Dec 2020, announcing the acquisition.

“Cloud, one of the most significant technology shifts of our generation and a catalyst for massive disruption, is challenging the fundamentals of most businesses and shaping them for the next decade,” said Ranjit Bawa, Cloud Leader, Deloitte Consulting LLP.

“Deloitte and HashedIn share a common goal of delivering value to our clients through disruption and innovation.  Our clients are at an inflection point — no domain is sacrosanct — as they embrace the cloud, AI and agile pod-based delivery principles,” said Bawa.

“Joining Deloitte provides our business with an opportunity for exponential growth and to develop leading-edge platforms and solutions,” said Himanshu Varshney, HashedIn CEO and Co-Founder.

“Our culture of attracting and developing talent skilled in the latest technologies, combined with Deloitte’s depth of the industry and global reach, makes us well-positioned to help clients transform their organizations and continue on a strong growth trajectory,” said Varshney.

With more than 50,000 professionals worldwide supporting organizations throughout their cloud journeys, Deloitte is hyper-focused on applied engineering and innovation, a focus which HashedIn and its more than 700 employees share. 

Together, the two firms will prioritize training the next generation of cloud and software engineers in the latest technologies, utilizing Deloitte’s Cloud Institute program and HashedIn’s University.

Deloitte’s leadership in cloud consulting services and commitment to investing in cloud, AI, cyber, workforce digitalization and analytics services have been recognized by top industry analysts.

The acquisition is subject to customary closing conditions.

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies.

HashedIn Technologies Pvt Ltd is one of India’s leading technology firms that is specialized in offering Software Modernization and Product Innovation Solutions. HashedIn Technologies has successfully served 100+ customers since its inception across industries and continents and has helped them launch new products faster, disrupt industries, and streamline and scale operations. #technologies #investments #banking #acquisitions #clouds #engineering /fiinews.com

Tags: Deloitte Consulting LLPHashedIn Technologies Private Ltd
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