Divestiture • Software

ThoughtWorks Acquires Watchful - Technology & Talent Assets

On April 17, 2024, ThoughtWorks acquired software company Watchful - Technology & Talent Assets from Watchful

Acquisition Context
  • This is ThoughtWorks’ 2nd transaction in the Software sector.
  • This is ThoughtWorks’ 2nd transaction in the United States.
  • This is ThoughtWorks’ 2nd transaction in California.

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M&A Deal Summary

Date April 17, 2024
Target Watchful - Technology & Talent Assets
Sector Software
Buyer(s) ThoughtWorks
Sellers(s) Watchful
Deal Type Divestiture

Target Company

Watchful - Technology & Talent Assets

San Francisco, California, United States
Watchful's Technology & Talent Assets provides AI models.
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Buyer Overview 1

Buyer

ThoughtWorks

Chicago, Illinois, United States

Category Company
Founded 1993
Sector Information Technology
Employees10,491
Revenue 1.1B USD (2023)
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 Context for Buyer #
Overall 6 of 6
Sector: Software 2 of 2
Type: Divestiture 1 of 1
State: California 2 of 2
Country: United States 2 of 2
Year: 2024 1 of 1
PREVIOUS 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 -

Seller Profile 1

SELLER

Watchful

San Francisco, California, United States

Category Company
Founded 2018
Sector Software
DESCRIPTION

Watchful helps organizations accelerate the creation, enhancement and deployment of AI models. Watchful was founded in 2018 and is based in San Francisco, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1