Australian AWS consultancy Itoc acquired by Thoughtworks

09 February 2023 3 min. read
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Brisbane-headquartered AWS Advanced Consulting partner Itoc has been acquired by global technology consultancy Thoughtworks, with a team of around 70 professionals set to cross.

The purchase follows Thoughtworks last year achieving AWS Premier Tier Services Partner status, the highest tier of partnership so far awarded to less than three percent of AWS partners. The company has offices in 18 countries, with a headcount in excess of 12,000.

Established in 2012, now 70-strong Itoc describes itself as one of the first Amazon Web Services (AWS) partners in the Asia Pacific region which was truly born in the cloud, and currently holds more than 100 certifications, including as one of only two outfits in APAC to gain SaaS Competency status on its initial launch.

Australian AWS consultancy Itoc acquired by Thoughtworks

An AWS Advanced Consulting Partner and Cloud Managed Services Provider, Itoc offers a broad range of consulting, implementation, and migration services.

“I am excited about this acquisition,” said Thoughtworks CEO Guo Xiao. “The team at Itoc have accelerated hundreds of clients’ digital transformations through the creative and optimum use of their IT infrastructure on the AWS cloud platform. While businesses looking to modernise operations are moving to the cloud for increased speed at scale, they are also looking for ways to innovate, enhance customer experience, and stand out from the competition.”

Among other accolades, Itoc was named Australian Consulting Partner of the Year at the 2021 AWS partner awards, featuring alongside global giants such as Deloitte, DXC Technology and Tata Consultancy Services. The Brisbane-based company was recognised for developing a globally scalable SaaS solution for ecommerce transactions – which had at the time grown to unprecedented levels due to increased customer demand brought on by the pandemic.

“We are proud to be recognised for our ability to identify clients’ problems and create the strategies that empower them to deliver the future today,” commented Itoc co-CEOs Trent Haag and Richard Steven, who will remain with the company post-acquisition.

“We are thrilled to combine Itoc’s and Thoughtworks’ progressive work cultures, values and pioneering spirit as we accelerate our clients’ paths to innovation and realise business benefits faster.”

In a press release, Thoughtworks stated that the Itoc purchase, made for an undisclosed sum, would strengthen its enterprise modernisation, platforms and cloud service line in Australia and expand its capabilities to “modernise and place digital at the heart of operations for clients on their journeys to the cloud.”

According to the consultancy, Itoc’s entire team, which had tripled in size in the eighteen months to late 2021, will cross over in Brisbane, Sydney and Melbourne as part of the deal.

Currently, Thoughtworks has a local headcount of 400-plus across Sydney, Melbourne and Brisbane. Those joining upon the completed acquisition should be pleased to know that the consultancy has consistently been recognised as a valued employer, including last year being named one of the best workplaces for women,and most recently once again featuring among the top twenty on the best graduate employers list – a list it has topped more than once.