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New Deal


Announced

Completed

Thoughtworks completed the acquisition of Connected.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Canada

Single Bidder

Software

Acquisition

Majority

Friendly

Completed

software development

Private

Synopsis

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Thoughtworks, a technology consultancy company, completed the acquisition of Connected, an end-to-end software product development firm. Financial terms were not disclosed. “Creating compelling digital experiences and products is crucial to successfully captivating customers and ultimately, driving brand equity and revenue growth. With the strong alignment in our diverse and cultivating cultures, I am excited about the tremendous opportunity Thoughtworks and Connected have to empower our clients to embrace digital and deliver extraordinary impact across the enterprise,” Guo Xiao, Thoughtworks President and CEO.

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