Nasdaq-listed Thoughtworks acquires Toronto-based software product development company Connected


With the integration of Connected, Thoughtworks is preparing to expand into Canada.

US technology consulting firm Thoughtworks has acquired Connected (formerly Connected Lab), a Toronto-based product development services company. Thoughtworks did not disclose financial details of this transaction.

The agreement will allow Connected to enhance Thoughtworks’ customer experience, products and design services portfolio in North America. The entire Connected team will join Thoughtworks, including its CEO and co-founder Mike Stern, as well as Tammy Chiasson, its president.

Chiasson will assume the role of General Manager of Thoughtworks for Canada and will report to Chris Murphy, CEO of Thoughtworks North America. All existing projects at Connected will continue to be led and delivered by the Connected team.

Thoughtworks is also expanding its physical presence in Canada with this acquisition. With a Toronto office already established on John Street since 2001, Thoughtworks plans to consolidate its office with Connected’s headquarters. The move would bring the number of Canadian employees at Thoughtworks to approximately 200.

Founded in 2014 by Stern and Damian McCabe, Connected was created with the goal of helping companies build software-based products. The company’s customer base includes brands such as Bose, iHeartMedia and Ford, as well as Royal Bank of Canada and Capital One.

Although the company was founded in 2014, Connected didn’t come out of stealth mode until 2015. Stern previously told BetaKit that the void Connected seeks to fill guides brands and companies on how to create products. in step with the growing popularity of the Internet. -devices of things.

“When you create a great connected experience, customers love it. Customer retention turns into a competitive advantage – we’ve seen it with Apple, Uber and Tesla. Any company developing software today needs to think about the ‘connected experience,’ he said.

When Connected was founded, its workforce came in part from mobile software development store Xtreme Labs.

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Prior to Connected, Stern was an early employee of Xtreme Labs, which was acquired by Pivotal in 2013 for US$60 million.


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