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About Thoughtworks
Industries
Data & Analytics
Consulting
Enterprise Software
Company Size
10,001+
Company Stage
IPO
Total Funding
$727.6M
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 stands out from competitors by focusing on a diverse range of industries and leveraging data and artificial intelligence to unlock new value for clients. The company's goal is to enable organizations to thrive in the digital age by delivering impactful solutions that drive innovation and growth.
Simplify's Take
What believers are saying
- Recent privatization allows focus on long-term strategy and AI-enabled services.
- Collaboration with AI Singapore enhances GenAI reliability and innovation.
- Growing demand for custom software boosts Thoughtworks' market opportunities.
What critics are saying
- Leadership changes may disrupt company culture and client relationships.
- Privatization could lead to shifts in priorities affecting employee morale.
- AI ethics and reliability issues could impact Thoughtworks' reputation.
What makes Thoughtworks unique
- Thoughtworks combines strategy, design, and engineering for comprehensive digital transformation solutions.
- Recognized as a Visionary in custom software development by Gartner in 2024.
- Global presence with diverse industry expertise, including finance, healthcare, and retail.
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Funding
Total Funding
$727.6M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Hybrid Work Options
Professional Development Budget
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -3%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.
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.
Thoughtworks has gone private following a $1.75 billion acquisition by Apax Funds. Shareholders will receive $4.40 per share in cash, a 48% premium over the 30-day volume-weighted average price before the announcement. As a result, Thoughtworks' shares will no longer trade on NASDAQ. The company plans to focus on long-term strategy, enhancing its digital solutions, and expanding its leadership in AI-enabled software and data engineering services.
The Competition Commission of India has approved the acquisition of additional shares in Thoughtworks Holding, Inc. by AP Funds and Temasek. AP Funds, advised by Apax Partners LLP, will wholly own Thoughtworks, while Temasek, through Nevado Investments, will hold about 10% as a minority non-controlling investor.
Thoughtworks, a global tech consultancy, helped produce the AI assistant, called SwannShield, by leveraging data and AI.
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About Thoughtworks
Industries
Data & Analytics
Consulting
Enterprise Software
Company Size
10,001+
Company Stage
IPO
Total Funding
$727.6M
Headquarters
Chicago, Illinois
Founded
1993
Thoughtworks is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today