A consortium of investors completed the acquisition of a minority stake in ThoughtWorks for $720m.

A consortium of investors including GIC, Siemens, Fidelity Management and Research, and Mubadala Investment Company, completed the acquisition of a minority stake in ThoughtWorks, a software consultancy firm, for $720m. "This placement is a very positive indicator of how strong our company and brand are perceived in the market. It's wonderful that GIC, Siemens, Fidelity and Mubadala see ThoughtWorks to be a strong investment and this is an endorsement of the strength and relevance of our business and people," Guo Xiao, ThoughtWorks President and CEO.