US-based ThoughtWorks Raises $720M From Singapore’s GIC, And Others

US-based ThoughtWorks Raises 0M From Singapore’s GIC, And Others

Software consultancy company ThoughtWorks said on Thursday it raised $720 million from investors including GIC
and Siemens AG at an enterprise value of $4.6 billion.

 ThoughtWorks, which helps firms digitize their operations, said it would use the proceeds to buy back equity from its
current investors to expand its international footprint.

 Fidelity Management and Research LLC and Mubadala Investment Co also invested in ThoughtWorks, which counts
Delta Air Lines Inc as one of its clients.

 Goldman Sachs & Co LLC and J.P. Morgan Securities LLC were the placement agents to ThoughtWorks for the

South Africa Today

Read more at VolaNews