• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Thoughtworks Acquires Technology and Talent from Watchful

    4/17/24 4:35:00 PM ET
    $TWKS
    EDP Services
    Technology
    Get the next $TWKS alert in real time by email

    Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, is pleased to announce the successful acquisition of the talented individuals and technology assets from Watchful, a San Francisco headquartered company who helps organizations accelerate the creation, enhancement and deployment of AI models.

    This acquisition is a cornerstone in Thoughtworks' strategy to become the leading AI transformation partner globally.

    Thoughtworks has acquired a team of seven highly skilled professionals from Watchful, including the co-founders Shayan Mohanty and John Singleton. These individuals bring a wealth of AI and data expertise in addition to cutting edge AI research, which will enhance Thoughtworks' ability to deliver transformative AI and data solutions for clients.

    The integration of Watchful's technology into Thoughtworks' suite of Data and AI services will expedite AI deployment, moving projects from proof of concept to production rapidly and effectively, thereby providing clients with faster returns on their AI investments.

    "We are thrilled to welcome the talented individuals and technology from Watchful to the Thoughtworks family," said Guo Xiao, chief executive officer, Thoughtworks. "We know first hand how enterprises are challenged by moving their AI use cases into production. This acquisition strengthens our ability to help clients deploy this game-changing technology with greater confidence and thereby creating a competitive edge."

    Shayan Mohanty, CEO of Watchful and newly appointed Thoughtworks' Head of AI Research commented, "We are delighted to be joining Thoughtworks and amplifying the impact of Watchful's technology. Clients need fast, explainable ways to both infuse domain expertise into their models and to understand what's working and what's not. We are excited to be merging our strengths with Thoughtworks' initiatives to push the boundaries of the industry — just as Thoughtworks has done in the past."

    As Thoughtworks has acquired key personnel and assets from Watchful, the existing business operations of Watchful will cease. Current Watchful clients will continue to receive support for their existing subscriptions.

    Supporting resources:

    • Keep up with Thoughtworks news by visiting the company's website.
    • Follow us on X (formerly Twitter), LinkedIn and YouTube.

    - ### - <TWKS915>

    About Thoughtworks

    Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are over 10,500 people strong across 48 offices in 19 countries. For 30 years, we've delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator.

    Thoughtworks forward looking statements:

    This press release includes "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 the use of terms such as "should," "expect," "will," "continue," "intend," "plan," "aim," or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements represent our management's beliefs and assumptions only as of the date of this press release. You should read this press release with the understanding that our actual future results may be materially different from what we expect. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, which include but are not limited to: statements about the impact of Thoughtworks' acquisition of Watchful, including expectations relating to hiring or access to skilled talent; statements regarding relationships with clients, business momentum and market opportunity; and any other statements 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 outcomes or results expressed or implied in this press release. Such 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 the demand for and market utilization of our services; the ability to maintain or acquire new client relationships; the ability to maintain or acquire new talent; general business and economic conditions; adverse impact from volatile, negative or uncertain political conditions and the effects of these conditions on the company's clients' businesses and levels of business activity; the effects of competition on the future business of Thoughtworks; and our ability to successfully execute our growth strategy and strategic plans, including plans related to this acquisition. Additional information concerning these and other risks and uncertainties are contained in the "Risk Factors" section of Thoughtworks' Annual Report on Form 10-K, our quarterly reports on Forms 10-Q, and other filings and reports that Thoughtworks may file from time to time with the SEC. Except as required by law, Thoughtworks assumes no obligation, and does not intend to, to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240417014269/en/

    Get the next $TWKS alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $TWKS

    DatePrice TargetRatingAnalyst
    6/24/2024$2.50Sell
    Goldman
    2/28/2024Outperform → Mkt Perform
    William Blair
    1/2/2024$6.00Neutral → Outperform
    Robert W. Baird
    10/17/2023Outperform → Peer Perform
    Wolfe Research
    8/10/2023$9.00 → $6.00Outperform → Market Perform
    TD Cowen
    8/9/2023$10.00 → $6.00Outperform → Sector Perform
    RBC Capital Mkts
    1/17/2023Buy → Neutral
    Citigroup
    11/14/2022$14.00 → $9.50Overweight → Neutral
    Piper Sandler
    More analyst ratings

    $TWKS
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Thoughtworks Completes Transaction to Go Private in $1.75 Billion Deal with Apax Funds

      Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced the completion of its acquisition by affiliates of certain investment funds advised by Apax Partners LLP ("Apax Funds"). The transaction, valued at approximately $1.75 billion, takes Thoughtworks private. Under the terms of the agreement, Thoughtworks' stockholders will receive $4.40 per share in cash, a 48% premium over the volume-weighted average price of Thoughtworks stock for the 30 days ending August 2, 2024, the last full trading day prior to the transaction announcement. With the transaction's completion, Thoughtworks' shares will no longer be publicly tra

      11/13/24 8:49:00 AM ET
      $TWKS
      EDP Services
      Technology
    • Thoughtworks Reports Third Quarter 2024 Financial Results

      Third quarter revenues of $261.4 million Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the third quarter of 2024. Acquisition Update As announced on August 5, 2024, Thoughtworks has entered into a definitive merger agreement to be acquired by affiliates of certain investment funds advised by Apax Partners LLP for $4.40 per share (the "Merger"). In connection with the Merger, Thoughtworks has filed a definitive Information Statement with the Securities and Exchange Commission on October 21, 2024. A copy of the Information Statement can be found by visiting the Investor Relations section

      11/12/24 7:00:00 AM ET
      $TWKS
      EDP Services
      Technology
    • Thoughtworks Technology Radar Finds Trend in Tools to Simplify LLMs for Practical AI Applications

      Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, today released volume 31 of the Technology Radar, a biannual report informed by Thoughtworks' observations, conversations and frontline experiences solving its clients' most complex business challenges. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241023294155/en/ This volume spotlights the proliferation of generative AI tools, platforms and frameworks that are emerging to help developers build them not only more effectively but also more responsibly. Being able to control the ‘context window

      10/23/24 8:00:00 AM ET
      $TWKS
      EDP Services
      Technology

    $TWKS
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Goldman initiated coverage on Thoughtworks with a new price target

      Goldman initiated coverage of Thoughtworks with a rating of Sell and set a new price target of $2.50

      6/24/24 7:50:09 AM ET
      $TWKS
      EDP Services
      Technology
    • Thoughtworks downgraded by William Blair

      William Blair downgraded Thoughtworks from Outperform to Mkt Perform

      2/28/24 6:23:04 AM ET
      $TWKS
      EDP Services
      Technology
    • Thoughtworks upgraded by Robert W. Baird with a new price target

      Robert W. Baird upgraded Thoughtworks from Neutral to Outperform and set a new price target of $6.00

      1/2/24 8:11:41 AM ET
      $TWKS
      EDP Services
      Technology

    $TWKS
    SEC Filings

    See more
    • SEC Form 15-12G filed by Thoughtworks Holding Inc.

      15-12G - Thoughtworks Holding, Inc. (0001866550) (Filer)

      11/25/24 7:12:16 AM ET
      $TWKS
      EDP Services
      Technology
    • SEC Form SCHEDULE 13G filed by Thoughtworks Holding Inc.

      SCHEDULE 13G - Thoughtworks Holding, Inc. (0001866550) (Subject)

      11/14/24 6:44:16 PM ET
      $TWKS
      EDP Services
      Technology
    • Amendment: SEC Form SC 13E3/A filed by Thoughtworks Holding Inc.

      SC 13E3/A - Thoughtworks Holding, Inc. (0001866550) (Subject)

      11/13/24 4:34:01 PM ET
      $TWKS
      EDP Services
      Technology

    $TWKS
    Leadership Updates

    Live Leadership Updates

    See more
    • Thoughtworks CEO Guo Xiao to Step Down; Board Appoints Industry Veteran, Mike Sutcliff, as CEO

      Thoughtworks Holding, Inc. (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, announced today that Guo Xiao is stepping down from the role of Chief Executive Officer and Director. The Board of Directors has selected Mike Sutcliff to succeed Guo Xiao as Chief Executive Officer and Director. The changes will be effective June 17, 2024, and Guo Xiao will remain as an advisor to Thoughtworks to support the transition. "On behalf of the Board, I would like to thank Xiao for his enormous contribution to Thoughtworks. His leadership has been foundational in developing Thoughtworks as an industry leader and home to the world's best technologists," sai

      5/7/24 7:06:00 AM ET
      $TWKS
      EDP Services
      Technology
    • Thoughtworks Advances Generative AI Strategy With Appointment of Mike Mason as Chief AI Officer

      Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced the appointment of Mike Mason as Chief Artificial Intelligence (AI) Officer. Mason will report to Thoughtworks' Chief Technology Officer, Rachel Laycock. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230607005379/en/As Chief AI Officer, Mason will guide clients through their generative AI journeys and accelerate their adoption of this new technology. (Photo: Business Wire) In this new global role, Mason will guide clients through their generative AI journeys and accelerate their adoption of this new tech

      6/7/23 8:00:00 AM ET
      $TWKS
      EDP Services
      Technology

    $TWKS
    Financials

    Live finance-specific insights

    See more
    • Thoughtworks Reports Third Quarter 2024 Financial Results

      Third quarter revenues of $261.4 million Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the third quarter of 2024. Acquisition Update As announced on August 5, 2024, Thoughtworks has entered into a definitive merger agreement to be acquired by affiliates of certain investment funds advised by Apax Partners LLP for $4.40 per share (the "Merger"). In connection with the Merger, Thoughtworks has filed a definitive Information Statement with the Securities and Exchange Commission on October 21, 2024. A copy of the Information Statement can be found by visiting the Investor Relations section

      11/12/24 7:00:00 AM ET
      $TWKS
      EDP Services
      Technology
    • Thoughtworks Reports Second Quarter 2024 Financial Results

       Second quarter revenues of $251.7 million Thoughtworks signed definitive merger agreement to be taken private by an affiliate of funds advised by Apax Partners LLP Thoughtworks Holding, Inc. (NASDAQ:TWKS) ("Thoughtworks" or the "Company"), a leading global technology consultancy, today reported results for the second quarter of 2024. 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. A copy of the press release can be found by visiting the Investor Relations section of the Thoughtworks corporate website at thoughtworks.com. In light

      8/5/24 7:14:00 AM ET
      $TWKS
      EDP Services
      Technology
    • Thoughtworks to Report Second Quarter 2024 Financial Results

      Thoughtworks (NASDAQ:TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, will report financial results for the second quarter of 2024 on Tuesday, August 6, 2024 before market open. Following the release of results, Thoughtworks will host a conference call at 8:00 a.m. ET to discuss its financial results with the investment community. A live webcast of the call will be available at https://investors.thoughtworks.com. The archived webcast and transcript will be available on the investor relations section of the Thoughtworks website. Supporting resources: Keep up with Thoughtworks news by visiting the company's website.

      7/16/24 8:00:00 AM ET
      $TWKS
      EDP Services
      Technology

    $TWKS
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13D/A filed by Thoughtworks Holding Inc.

      SC 13D/A - Thoughtworks Holding, Inc. (0001866550) (Subject)

      11/15/24 4:15:12 PM ET
      $TWKS
      EDP Services
      Technology
    • Amendment: SEC Form SC 13D/A filed by Thoughtworks Holding Inc.

      SC 13D/A - Thoughtworks Holding, Inc. (0001866550) (Subject)

      11/15/24 4:05:56 PM ET
      $TWKS
      EDP Services
      Technology
    • Amendment: SEC Form SC 13D/A filed by Thoughtworks Holding Inc.

      SC 13D/A - Thoughtworks Holding, Inc. (0001866550) (Subject)

      9/3/24 7:36:32 PM ET
      $TWKS
      EDP Services
      Technology

    $TWKS
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Officer Tiwari Sudhir returned $919,578 worth of shares to the company (208,995 units at $4.40) and disposed of 42,277 shares, closing all direct ownership in the company (SEC Form 4)

      4 - Thoughtworks Holding, Inc. (0001866550) (Issuer)

      11/15/24 5:26:42 PM ET
      $TWKS
      EDP Services
      Technology
    • Director Taylor Roxanne returned $371,756 worth of shares to the company (84,490 units at $4.40), closing all direct ownership in the company (SEC Form 4)

      4 - Thoughtworks Holding, Inc. (0001866550) (Issuer)

      11/15/24 5:25:32 PM ET
      $TWKS
      EDP Services
      Technology
    • SEC Form 4 filed by Chief Executive Officer Sutcliff Michael

      4 - Thoughtworks Holding, Inc. (0001866550) (Issuer)

      11/15/24 5:24:58 PM ET
      $TWKS
      EDP Services
      Technology