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Itoc is joining Thoughtworks

Frequently asked questions (FAQs) on the acqusition:


What is happening?

  • This marks Thoughtworks’ fifth acquisition in the last two years but our first one in Australia . 

  • Itoc's team of 71 employees is joining Thoughtworks Australia

  • The acquisition further strengthens Thoughtworks’ capabilities in data, cloud and managed services.

  • The Itoc team will initially support clients in ANZ and APAC

  • The Itoc team brings a wealth of experience and will help us accelerate growth in cloud and managed services which are all key strategic focus areas for us. 

  • This is an exciting new chapter in the Thoughtworks story and we will do everything we can to ensure a smooth and seamless integration of the two organizations. 


Why did Thoughtworks decide to acquire Itoc?

  • As we mature as a company, we need to look at how we grow the business and expand our impact globally. We believe we need to have a blend of both organic and inorganic in order to achieve our ambitious plans. 

  • Itoc is Australia’s leading AWS-focused cloud infrastructure consulting company with an impressive and enviable track record, so acquisition increases our data and cloud capacity and capability in ANZ and APAC. The Itoc team also strengthens our footprint in APAC.


What will happen with Itoc’s current projects?

  • All existing projects will continue to be led and delivered by the Itoc team. There will be no discontinuity in the current business.


What’s the benefit for clients?

  • This acquisition improves our ability to support and service clients especially in ANZ and wider APAC. 

  • The Itoc team brings with them a wealth of experience especially in cloud and data that complements our own and will ensure we can address a wider range of client challenges.


Will Itoc's founder be staying on?

  • Itoc's entire team is joining Thoughtworks, including Richard Steven and Trent Haag, the co-leaders. Both will play key roles and report to leaders within Thoughtworks ANZ


Will they continue as Itoc or will they change their name to Thoughtworks?

  • The brand strategy is a critical part of our integration.  As such, our teams are working together on our joint value proposition, messaging and brand identity.

  • More information will be available in the coming weeks.


Will Thoughtworks consolidate offices in Australia?

  • Not immediately but at some point this is likely to happen.


How much have we paid for them?

  • The financial terms of the deal are not being publicly disclosed.  


Is Thoughtworks planning to make anyone in Itoc redundant?

  • Absolutely not, in fact we’re planning to grow and scale up the team.


How many employees will now comprise Thoughtworks Australia?

  • With the new acquisition we will now have around 534 Thoughtworkers in Australia.

For business inquiries, get in touch.