Thoughtworks Acquires Connected, a Leading Product Development Consultancy, to Rapidly Accelerate Product-Driven Design and Engineering


CHICAGO–(BUSINESS WIRE)–Thought works (NASDAQ: TWKS), a global technology consulting firm that integrates strategy, design and engineering to drive digital innovation, today announced its acquisition of Connected, a privately-held Canadian technology development services company. end-to-end products that partners with their customers to discover and deliver products. Together with Connected, Thoughtworks will advance its business problem-solving capabilities through product-driven design processes, from strategy definition to discovery and delivery.

Founded in 2014, Connected was created with the goal of helping ambitious companies build impactful software products. Today, Connected has over 165 employees based primarily in Toronto, Canada, covering a wide range of technologies throughout the software product development lifecycle. The Connected team of engineers, human-centered designers and product strategists have applied their product thinking approach to discovering and creating product experiences in more than 50 global organizations where they have quickly forged a reputation as an essential leader in “0 to 1”. “New Product Development Services.

Product development is difficult; Connected helps clients bring clarity and speed to their ambitious goals with the Product Thinking Handbook.

“Creating engaging digital experiences and products is key to successfully engaging customers and ultimately driving brand value and revenue growth,” said Guo Xiao, President and CEO of Thoughtworks. “With the strong alignment of our diverse and cultured cultures, I am excited about the tremendous opportunity Thoughtworks and Connected have to empower our clients to embrace digital and have extraordinary impact across the enterprise.

The acquisition will allow Connected to augment and enhance Thoughtworks’ suite of customer experience, product and design (CXPD) services in North America. The addition of Connected significantly expands Thoughtworks’ Canadian footprint with a particularly strong presence in Toronto; one of the fastest growing technology talent markets in North America and in which we plan to invest more. The entire Connected team will join Thoughtworks, including Mike Stern, CEO and Co-Founder, and Tammy Chiasson, its President. Both will play key roles, with Ms. Chiasson also being named Managing Director of Thoughtworks Canada and reporting to Chris MurphyPresident and CEO, Thoughtworks North America.

“We are excited to join the Thoughtworks team to pursue our common goal of connecting strategy, design and execution, using cross-functional teams to develop better products that deliver exceptional value to our customers,” said Tammy. Chiasson, president of Connected. “Teaming up with Thoughtworks gives us an incredible opportunity to apply our product thinking approach and expertise on an exceptional scale. We look forward to continuing our deep integration and ongoing work with customers that has allowed us to build long-standing partnerships with our world-class customers. »

Financial details are not disclosed.

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On Connected

Connected is a Toronto-based end-to-end product development and strategy services company. We partner with the world’s largest organizations to build software products at scale and speed. Our uniquely integrated interdisciplinary team of engineers, strategists, researchers, and designers utilizes the Product-Thinking approach throughout the product development cycle.

On Thought works

Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We have over 10,000 people in 49 offices in 17 countries. Over the past 25+ years, we’ve had an extraordinary impact with our clients, helping them solve complex business problems with technology as a differentiator.

Thoughtworks Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify these forward-looking statements by using terms such as “should”, “expect”, “will”, “continue”, “intend”, “plan”, “aim” or similar expressions, and variations or negations of these words, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements represent the beliefs and assumptions of our management only as of the date of this press release. You should read this press release knowing that our actual future results may differ materially from what we expect. All statements other than statements of historical fact are statements that could be considered forward-looking statements, which include, but are not limited to: statements about the impact of the acquisition of Connected by Thoughtworks, including expectations regarding hiring or access to qualified talent; statements regarding customer relationships, business dynamics and market opportunities; and any other statement of expectation or belief. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our performance or achievements to differ materially from the results or results expressed or implied in this press release. These risk factors include, but are not limited to, those related to: the current and future impact of the COVID-19 pandemic on Thoughtworks’ business and industry; uncertainty regarding market demand for and use of our services; the ability to maintain or acquire new customer relationships; the ability to retain or acquire new talent; general commercial and economic conditions; the adverse impact of volatile, negative or uncertain political conditions and the effects of such conditions on the activities and activity levels of the Company’s customers; the effects of competition on Thoughtworks’ future business; and our ability to successfully execute our growth strategy and strategic plans, including plans related to this acquisition. Additional information regarding these and other risks and uncertainties is contained in the “Risk Factors” section of Thoughtworks’ Annual Report on Form 10-K, our Quarterly Reports on Forms 10-Q, and other documents and reports that Thoughtworks may file from time to time. time with the SEC. Except as required by law, Thoughtworks undertakes no obligation, and does not intend to update these forward-looking statements, or to update the reasons why actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.


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