NEWS5 February 2021

ThoughtWorks acquires Fourkind

Data analytics Innovations M&A News North America

US – Global software consultancy ThoughtWorks has agreed a deal to acquire Fourkind, a Finnish consulting services firm combining machine learning and data science with strategy, design and engineering.

Thoughtworks said the acquisition would expand its presence in Europe, particularly in Finland, other Nordic nations and the Netherlands.

Fourkind was founded in 2017 in Helsinki and employs 40 staff. The terms of the deal to acquire Fourkind have not been released.

Guo Xiao, president and chief executive officer at ThoughtWorks, said: “We have been on the hunt for a company that will help us accelerate growth in our key strategic focus areas of data, digital transformation, enterprise modernisation and customer experience.

“We believe that our complementary strengths and culture make Fourkind and ThoughtWorks a winning combination.”

Jonne Heikkinen, managing director and founding partner of Fourkind, said: “We believe that being part of ThoughtWorks will offer us the opportunity to grow faster and be part of an agile and successful global team of like-minded passionate technologists who want to make an extraordinary impact in the world.”