US-based ThoughtWorks raises $720m from Singapore's GIC, others

US-based ThoughtWorks raises $720m from Singapore's GIC, others

Photo: Internet Archive

Software consultancy company ThoughtWorks said on Thursday it raised $720 million from investors including GIC and Siemens AG at an enterprise value of $4.6 billion.

ThoughtWorks, which helps firms digitize their operations, said it would use the proceeds to buy back equity from its current investors to expand its international footprint.

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