Thoughtworks Named a Top 15 Sourcing Standout by ISG

Rhea-AI Summary

Thoughtworks (NASDAQ: TWKS) has been named a Top 15 Sourcing Standout by Information Services Group (ISG) in the Breakthrough 15 category for the Americas region based on annual contract value (ACV) won over the last 12 months, according to the 4Q 2023 Global ISG Index™. Thoughtworks' inclusion in the ISG Index™ is based on data the company submits to ISG each quarter. The company's regional managing director expressed gratitude for the recognition, highlighting Thoughtworks' pioneering engineering practices and its ability to help clients maximize business value from digital assets through managed services and professional services.

Positive

• Thoughtworks named a Top 15 Sourcing Standout by ISG
• Recognition based on annual contract value won over the last 12 months
• Thoughtworks' inclusion in the ISG Index™ is based on data the company submits each quarter
• Company's regional managing director expressed gratitude for the recognition, highlighting Thoughtworks' pioneering engineering practices and its ability to help clients maximize business value from digital assets through managed services and professional services

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• None.

CHICAGO--(BUSINESS WIRE)-- Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering, today announced it has been named a Top 15 Sourcing Standout by Information Services Group (ISG), a leading global technology research and advisory firm.

Thoughtworks was among the leading providers in the Breakthrough 15 category for the Americas region based on annual contract value (ACV) won over the last 12 months, according to the 4Q 2023 Global ISG Index™.

Now in its 85th consecutive quarter, the ISG Index™ provides an independent quarterly review of the latest sourcing industry data and trends. Each quarter it names the top 15 commercial providers in the Big 15 (revenues of more than $10 billion), Building 15 (revenues between $3 billion and $10 billion), Breakthrough 15 (revenues between $1 billion and $3 billion) and Booming 15 (revenues of less than $1 billion) categories in the Americas, EMEA and Asia Pacific regions. Each top 15 category includes providers that compete in the traditional sourcing market, as well as those that compete in the as-a-service market, including IaaS and SaaS providers.

“We are honored to be recognized as a Breakthrough 15 in the Americas by Information Services Group (ISG),” said Craig Stanley, regional managing director, Thoughtworks North America. “As a pioneer of the leading engineering practices that have revolutionized software development, we help our clients gain the maximum business value from their digital assets with Thoughtworks DAMO™ managed services (Digital Application Management and Operations) and a broader portfolio of professional services.”

Thoughtworks’ inclusion in the ISG Index™ is based on data the company submits to ISG each quarter.

“The ISG Index™ is recognized as the authoritative source for marketplace intelligence on the global technology and business services industry,” said Paul Reynolds, chief research officer of ISG. “Thoughtworks continues to establish itself as a leading and growing player in the global market for next generation professional services, based on its volume of business in relation to other industry providers.”

Supporting resources:

• Learn more about Thoughtworks DAMO managed services.
• Keep up with Thoughtworks news by visiting the company’s website.
• Follow us on LinkedIn, X and YouTube.

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About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

About Thoughtworks

Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are over 11,000 people strong across 52 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240130382668/en/

Media contact:

Linda Horiuchi, global head of public relations

Email: linda.horiuchi@thoughtworks.com

Phone: +1 (646) 581-2568

Source: Thoughtworks

FAQ

What is the ticker symbol for Thoughtworks?

The ticker symbol for Thoughtworks is TWKS.

How was Thoughtworks recognized by ISG?

Thoughtworks was named a Top 15 Sourcing Standout in the Breakthrough 15 category for the Americas region based on annual contract value won over the last 12 months, according to the 4Q 2023 Global ISG Index™.

What factors contributed to Thoughtworks' inclusion in the ISG Index™?

Thoughtworks' inclusion in the ISG Index™ is based on data the company submits to ISG each quarter.

What services did Thoughtworks highlight in response to the recognition?

Thoughtworks highlighted its pioneering engineering practices and its ability to help clients maximize business value from digital assets through managed services and professional services.