Thoughtworks Acquires Technology and Talent from Watchful
17 Abril 2024 - 3:35PM
Business Wire
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.
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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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240417014269/en/
Media: Linda Horiuchi, global head of public relations
Email: linda.horiuchi@thoughtworks.com Phone: +1 (646) 581-2568
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