Mergers and Acquisitions, Mergers and Acquisitions

Deloitte Acquires SFL Scientific for AI and Data Science Expertise

LONDON, ENGLAND – OCTOBER 02: The Deloitte offices stand in 2 New Square on October 2, 2018 in London, England. The government has called for a review of the British auditing industry after a series of scandals including the collapses of Carillion and BHS revealed serious failures in the auditing process. The ‘Big Four’ accountin...

LONDON, ENGLAND – OCTOBER 02: The Deloitte offices stand in 2 New Square on October 2, 2018 in London, England. The government has called for a review of the British auditing industry after a series of scandals including the collapses of Carillion and BHS revealed serious failures in the auditing process. The ‘Big Four’ accounting firms, which are Deloitte, PwC, Ernst & Young (EY) and KPMG audit the large majority of the UK’s largest listed companies. (Photo by Jack Taylor/Getty Images)

Deloitte has acquired SFL Scientific, an artificial intelligence (AI) strategy and data science consulting firm. Financial terms of the deal were not disclosed.

This is technology M&A deal number 861 that ChannelE2E has covered so far in 2022.

Deloitte, founded in 1845, is headquartered in London, England. The company has roughly 456,000 employees worldwide. Deloitte’s major areas of expertise are in audit, consulting, advisory and tax services offerings. But the company also has a major footprint in the worldwide IT service provider (ITSP) market.

SFL Scientific, founded in 2015, is based in Quincy, Massachusetts. The company has 64 employees listed on LinkedIn. SFL Scientific’s areas of expertise include data science, data analytics, business intelligence, machine learning, deep learning, big data, computer vision, natural language processing, artificial intelligence, predictive analytics, forecasting, consulting, AI development, automation, MLOps, AIOps, DataOps, knowledge graphs, RDT&E and federated learning.

The acquisition of SFL Scientific positions Deloitte as an AI leader, advances its ability to deliver AI solutions for clients and expands its AI market share, Deloitte said.

Deloitte Acquires SFL Scientific: Executive Perspectives

Dan Helfrich, CEO, Deloitte
Dan Helfrich, chairman and CEO, Deloitte

Michael Segala, CEO and co-founder, SFL Scientific

Dan Helfrich, chairman and CEO, Deloitte Consulting LLP, commented on the news:

"As our clients advance their enterprise AI journeys, they require the comprehensive and sophisticated experience that SFL Scientific delivers. The acquisition builds on an already strong relationship between our two organizations serving both commercial and public sector clients. Additionally, it will help us advise clients with the best approach to how AI can help transform their business, implement scalable capabilities to drive that transformation, and provide ongoing support to continually improve investments with AI-infused tech."

Nitin Mittal, AI co-leader and principal, Deloitte Consulting LLP, added:

"Combining SFL Scientific's specialized AI strategy knowledge with Deloitte's breadth of AI technological capabilities and industry depth will advance our AI leadership, accelerate our AI market share, and position Deloitte as a trusted advisor helping our enterprise clients transform their businesses through the power of AI."

Michael Segala, Ph.D., CEO, SFL Scientific, said:

"We are excited to join forces with Deloitte. Combining our high caliber AI talent with Deloitte's broad domain knowledge and implementation capabilities is the catalyst to accelerate solving scientific and operational challenges with AI."

Deloitte M&A Activity

Deloitte has remained active in the M&A market, acquiring MSP, MSSP and IT consulting firms worldwide.

Sharon Florentine

Sharon is a master technology storyteller and editor with omnichannel experience: books and print magazines, digital, webcast, blogging, podcast, live events and video and associated brand-specific social media content. From 1999 to 2003, she acquired and edited technology books and certification exam prep guides.

After a year spent in publicity and editorial at mass-market book publishers, she returned to tech publishing and, since 2004, explored B2C and B2B news, issues and trends in consumer, lifestyle, software, software development, AI, ML, networks, big data, hardware, security, storage, cloud, equity, inclusion, diversity, women in tech, career development, IT management, H-1B visa issues and immigration, education, training and learning.

Her previous role was as the managing editor at Techstrong Group in charge of Cloud Native Now, DevOps.com, Security Boulevard and Techstrong ITSM and their brand-specific social media. She currently serves as editorial director for CyberRisk Alliance’s channel brands, ChannelE2E and MSSP Alert and acting editorial director for SC Media UK. Drop me a note and let’s talk!

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