Apax Partners, a London-based private-equity firm that owns the majority of Thoughtworks’ shares, will buy the rest of the stock for $4.40 apiece, or about $550 million.

Thoughtworks has partnered with Redbridge DTA to modernize and scale the digital platform to provide more advanced data and analytics for clients. ... London, New York and Paris.

Thoughtworks on Monday agreed to be taken private by Apax Partners in a deal worth about $1.75 billion, the technology consultancy firm said, nearly three years after its stock market debut.

Thoughtworks (TWKS) is set to go private in a deal with an affiliate of funds advised by Apax Partners for $4.40 per share, a 30% premium.

Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are 11,000+ people strong across 49 offices in 17 countries.

As for the bottom-line result, Thoughtworks flipped to a non-GAAP net loss of $7.4 million, or $0.02 per share, from the year-ago profit of $10.1 million. This matched the consensus pundit forecast.

Apax Partners Taking Thoughtworks Private The deal values the tech consulting firm at about $1.75 billion, down from a $6.4 billion market capitalization at the time of its 2021 IPO By Colin Kellaher ...

Thoughtworks has emerged as the latest tech company to join the ongoing trend of laying off employees amid the global economic slowdown. The software consultancy firm laid off about 4% of its ...

CHICAGO, August 05, 2024--Thoughtworks today reported results for the second quarter of 2024.

Thoughtworks TWKS has agreed to a price of $4.40 a share, a premium of 30% over its closing price on Friday, and 48% over its average, volume-weighted stock price for the 30 days ending Aug. 2 ...

Shares of Thoughtworks jumped as much as 25% in Tuesday morning trading, the biggest intraday gain since September 2021. They were up 18% at the close in New York, giving the company a market ...

Summary. The market for digital transformation services expected to reach $6.7 trillion by 2029, expected to grow at a CAGR of 20.9% from 2021. Thoughtworks has a strong reputation for delivering ...