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.

CHICAGO, August 13, 2024--Thoughtworks has been named a winner of a 2024 CSO Award from Foundry’s CSO for the second consecutive year.

Acquisition Update. As announced a short time ago, Thoughtworks has entered into a definitive merger agreement to be acquired by an affiliate of funds advised by Apax Partners LLP for $4.40 per share.

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.

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 is a global technology consultancy that integrates design, engineering and AI to drive digital innovation. We are over 10,000 people strong across 48 offices in 19 countries.

Thoughtworks will be taking part in a series of conferences with the investment community. Thoughtworks to Present at Upcoming Conferences May 19, 2023 04:30 PM Eastern Daylight Time.

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 ...

Thoughtworks generated a net income of $16.1 million in the fourth quarter, compared with a $16.9 million loss 12 months earlier. That translated into adjusted diluted earnings per share of $0.1.

Thoughtworks posted adjusted earnings of 3 cents per share, missing market estimates of 4 cents per share. The company’s sales came in at $287.21 million, versus expectations of $301.50 million.

Thoughtworks helped the bank design a modular technology that facilitates rapid scaling across different markets. This, according to the consultancy, was aimed at ease the launch of two digital ...