Thoughtworks acquires Australian AWS consultancy Itoc, terms not disclosed

Thoughtworks (TWKS) announced its acquisition of privately-held Itoc, a leading Amazon Web Services (AMZN) Advanced Consulting Partner and Cloud Managed Services Provider in Australia. The acquisition expands Thoughtworks’ capabilities to modernize and place digital at the heart of operations for clients on their journeys to the cloud. "While businesses looking to modernize operations are moving to the cloud for increased speed at scale, they are also looking for ways to innovate, enhance customer experiences and stand out from the competition," said Guo Xiao, president and chief executive officer, Thoughtworks. "I am excited about making this acquisition happen with the highly talented team at Itoc who have accelerated hundreds of clients’ digital transformations through the creative and optimum use of their IT infrastructure on a highly-flexible AWS cloud platform." Financial details are not being disclosed.