ThoughtWorks - M&A Summary, Ownership, and Business Overview

Information TechnologyCompany

ThoughtWorks M&A Summary

ThoughtWorks has acquired 6 companies of its own, including 6 in the last 5 years.

ThoughtWorks has acquired in 1 US state, and 5 countries. The Company’s most targeted sectors include business services (50%) and software (34%).

ThoughtWorks Ownership

Who owns ThoughtWorks?

ThoughtWorks is owned by Apax. It was acquired on August 5, 2024.

Is ThoughtWorks PE-backed?

Yes. ThoughtWorks is owned by private equity investor Apax.

Was ThoughtWorks formerly PE-backed?

Yes. ThoughtWorks was formerly owned by 1 private investor.

ThoughtWorks Business Overview

Where is ThoughtWorks headquartered?

ThoughtWorks is headquartered in Chicago, Illinois.

What is ThoughtWorks’ revenue?

ThoughtWorks disclosed revenue of 1,127M USD for 2023 and 1,296M USD for 2022.

How many employees does ThoughtWorks have?

ThoughtWorks has 10,491 employees.

What sector is ThoughtWorks in?

ThoughtWorks is an information technology company.

When was ThoughtWorks founded?

ThoughtWorks was founded in 1993.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity6
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 1

ThoughtWorks

ThoughtWorks, Inc.

200 East Randolph 25th floor,
Chicago, Illinois 60601
United States,
(312) 373-1000
www.thoughtworks.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.2/yr) # - - 2 2 1 1 6
Sell (0.0/yr) # - - - - - - 0
  6

Most Recent M&A

Company Date Value Type
Watchful - Technology & Talent Assets 2024-04-17 - Divestiture
San Francisco, California
Itoc Pty Ltd. 2023-02-06 - Add-on Acquisition
Brisbane, Australia · www.itoc.com.au
Handmade Design 2022-06-28 - Add-on Acquisition
São Paulo, Brazil · www.handmade.design
Connected 2022-04-27 - Add-on Acquisition
Toronto, Ontario · www.connected.io
Fourkind 2021-02-01 - Add-on Acquisition
Helsinki, Finland · www.fourkind.com
Gemini Solutions, Inc. 2021-01-13 - Add-on Acquisition
Palo Alto, California · www.geminisols.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 3 (50%) - - -
Software 2 (33%) - - -
Information Technology 1 (17%) - - -
Total 6 - - -

By Geo

State/Country Buy Value Sell Value
United States 2 - - -
  California 2 - - -
Australia 1 - - -
Brazil 1 - - -
Canada 1 - - -
  Ontario 1 - - -
Finland 1 - - -
Domestic 2 (33%) - - -
Cross-border 4 (67%) - - -
Total 6 - - -

M&A Connections

Deals
Acquired from
Strategic(s)
17%
1 (17%)

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