Thoughtworks

Thoughtworks

Technology consultancy for digital transformation

About Thoughtworks

Simplify's Rating
Why Thoughtworks is rated
B-
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Company Size

10,001+

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1993

Overview

Thoughtworks helps businesses modernize and innovate by providing consultancy services that combine strategy, design, and software engineering. Their approach involves working closely with clients to understand their specific challenges and goals, allowing them to create tailored solutions that often include custom software development and system modernization. Thoughtworks serves a diverse range of clients, from large enterprises to smaller businesses, across various industries such as finance, healthcare, and retail, operating on a global scale. What sets Thoughtworks apart from its competitors is its focus on delivering high-quality, impactful solutions that leverage data and artificial intelligence to unlock new sources of value. The company's goal is to enable clients to thrive in the digital age by helping them create adaptable technology platforms and world-class digital products.

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Simplify's Take

What believers are saying

  • Growing demand for AI-driven solutions in healthcare boosts Thoughtworks' service potential.
  • 5G expansion enhances Thoughtworks' mobile and IoT application offerings.
  • The shift towards open banking creates opportunities for Thoughtworks in API development.

What critics are saying

  • Increased competition in AI and digital transformation may erode market share.
  • Going private may lead to internal restructuring challenges and service disruptions.
  • New leadership could lead to strategic shifts misaligned with client expectations.

What makes Thoughtworks unique

  • Thoughtworks combines strategy, design, and software engineering for digital transformation.
  • The company has over 30 years of experience in technology consultancy.
  • Thoughtworks is recognized as a Visionary in Gartner's Magic Quadrant for Custom Software.

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Funding

Total Funding

$1493M

Above

Industry Average

Funded Over

2 Rounds

IPO funding comparison data is currently unavailable. We're working to provide this information soon!
IPO Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Professional Development Budget

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-3%
TechNode
Mar 6th, 2025
GXS Bank partners Thoughtworks to accelerate its digital bank launch in SEA

GXS Bank, a joint venture between Grab Holdings and Singtel, has partnered with US-based technology consultancy firm Thoughtworks to accelerate its digital bank launch in Southeast Asia (SEA).

Fintech Futures
Mar 5th, 2025
GXS Bank Partners with Thoughtworks to Expand its Digital Footprint across Southeast Asia

GXS Bank partners with Thoughtworks to expand its digital footprint across Southeast Asia.

IT Brief Asia
Feb 19th, 2025
Thoughtworks appoints new leaders to drive growth strategy

In addition to these leadership positions, Thoughtworks has appointed Ami Kaplan and Michael Carajohn to the Board of Directors of its parent entity, Tasmania Parent.

PYMNTS
Feb 15th, 2025
Pivotal Moment: Banks’ Real-Time Payments Opportunity In 2025

While the United States has lagged historically in its development of real-time payments, the adoption of emerging U.S. rails is unquestionably on the rise. Both The Clearing House’s RTP® network and the Federal Reserve’s FedNow® Service have recorded significant achievements in the past year, with combined daily volumes routinely topping 1 million transactions. Amid this rapid evolution, time is of the essence for banks. Consumers increasingly expect their financial institutions (FIs) to offer real-time payments and are willing to switch banks to access these services. FIs that adopt instant rails early could gain significant market share, while procrastinators could be at a competitive disadvantage in meeting customer demands for faster payments

HR Tech Wire
Feb 11th, 2025
Thoughtworks Welcomes New Leadership to Continue Strategic Growth and Client Success

With over 25 years of experience in digital transformation across diverse industries, Steven joins Thoughtworks from Merkle, where he served as CEO for Australia and New Zealand, and previously held senior leadership roles at Accenture across Asia and Europe.

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