TWKS News & Events

Reports Q3 revenue $261.4M, consensus $256.09M... As announced on August 5, 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 . In connection with the Merger, Thoughtworks has filed a definitive Information Statement with the Securities and Exchange Commission on October 21...Thoughtworks will not be holding a conference call to discuss its results...

The company states: "Thoughtworks announces a pioneering collaboration with Swann to develop SwannShield(TM) - an innovative AI-powered home security voice assistant. A leading global provider of security monitoring, consumer electronics and security-centric solutions, Swann empowers people to protect and stay connected to their home or business no matter where life takes them."

Thoughtworks announced a strategic collaboration with AI Singapore, or AISG, to drive innovation to help make GenAI reliable through developing novel methods. The company said the unique challenges of GenAI, stemming from its reliance on massive datasets and complex algorithms, pose a significant threat to its widespread adoption.