M&A Deal Summary

ThoughtWorks Acquires Handmade

On June 28, 2022, ThoughtWorks acquired business services company Handmade

Acquisition Highlights
  • This is ThoughtWorks’ 3rd transaction in the Business Services sector.
  • This is ThoughtWorks’ 1st transaction in Brazil.

M&A Deal Summary

Date 2022-06-28
Target Handmade
Sector Business Services
Buyer(s) ThoughtWorks
Deal Type Add-on Acquisition

Target

Handmade

São Paulo, Brazil
website
Handmade is a design consultancy to generate business value for clients. Handmade was founded in 2015 and is based in São Paulo, Brazil.

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Buyer(S) 1

Buyer

ThoughtWorks

Chicago, Illinois, United States

website


Category Company
Founded 1993
Sector Information Technology
DESCRIPTION

ThoughtWorks is a global software consultancy and a community of passionate, purpose-led individuals. The company is a provider in the implementation of cutting-edge software development techniques such as Agile Development, which lower development costs and time-to-market for its clients. ThoughtWorks was established in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 6
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 4 of 5
Country (Brazil) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Connected

Toronto, Ontario, Canada

Connected is an end-to-end product strategy and development services company. Connected partner with the world's leading organizations to build software-powered products at speed and scale. Connected was founded in 2014 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-06 Itoc

Brisbane, Australia

Itoc is a AWS Advanced Consulting Partner working with organizations ranging from small/medium businesses to enterprise to deliver innovative, secure and scalable cloud solutions based on the Amazon Web Services platform. Itoc was founded in 2012 and is based in Brisbane, Australia.

Buy -