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 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 ...

Shares of Thoughtworks Inc jumped nearly 24% in their Nasdaq debut on Wednesday, valuing the company at nearly $9 billion, after the software consultancy firm priced its initial public offering ...

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.

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

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 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 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 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.