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Corporation
COMPUTER HARDWARE & SERVICES | IT Services / IT Solutions & Software Development
thoughtworks.com

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Founded Year

1993

Stage

IPO | IPO

Total Raised

$748M

Date of IPO

9/15/2021

Market Cap

9.33B

Stock Price

29.66

About ThoughtWorks

ThoughtWorks (NASDAQ: TWKS) is a global software development and digital transformation consulting company.

ThoughtWorks Headquarter Location

Colony Square 100 1175 Peachtree Street NE Suite 1400

Atlanta, Georgia, 30361,

United States

312 373 1000

Latest ThoughtWorks News

Tradewater Expands Strategic Collaboration with Thoughtworks to Increase Access to High-Quality Carbon Credits

Nov 18, 2021

Thoughtworks to eliminate 2,000 tons of greenhouse gases from participant footprint at its booth and Green Code hackathon at AWS re:Invent with Tradewater Download Loading media player... Reducing the world's carbon footprint is a challenge facing us all, and many innovators are using new technologies to tackle it in creative ways. One such organization taking a different approach to climate action is Tradewater: a mission-based company headquartered in Chicago that develops projects to prevent greenhouse gas emissions. More at https://www.thoughtworks.com/clients/tradewater Reducing the world's carbon footprint is a challenge facing us all, and many innovators are using new technologies to tackle it in creative ways. One such organization taking a different approach to climate action is Tradewater: a mission-based company headquartered in Chicago that develops projects to prevent greenhouse gas emissions. More at https://www.thoughtworks.com/clients/tradewater Tradewater works with individuals and businesses around the globe to collect high impact greenhouse gases like CFC and HCFC refrigerants, and methane. Once located, the gases are safely and efficiently destroyed, preventing them from being released into the atmosphere. Photo depicts the collection and elimination of these greenhouse gases. More at https://www.thoughtworks.com/clients/tradewater (Photo: Business Wire) Tradewater works with individuals and businesses around the globe to collect high impact greenhouse gases like CFC and HCFC refrigerants, and methane. Once located, the gases are safely and efficiently destroyed, preventing them from being released into the atmosphere. Photo depicts the collection and elimination of these greenhouse gases. More at https://www.thoughtworks.com/clients/tradewater (Photo: Business Wire) November 18, 2021 08:00 AM Eastern Standard Time CHICAGO--( BUSINESS WIRE )-- Thoughtworks (NASDAQ: TWKS), a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, today announced applying its deep agile and technical expertise to building a Fractionalized Offset Management (FOM) system for Tradewater , a mission-based environmental project development firm focused on preventing greenhouse gas emissions. Launched in 2021, the FOM system enables Tradewater to provide its subscribers – individuals, households and businesses – with web-based tools to measure the carbon impact of a daily task, travel, business operation or event. Subscribers can purchase high-quality carbon offset credits, directly funding the prevention of greenhouse gas emissions through Tradewater’s projects, which collect and destroy potent refrigerant gases. The FOM system manages this exchange through a centralized marketplace that retires the credits on accredited registries and provides purchasers with complete documentation. Thoughtworks applied its customer experience, product and design capabilities to rapidly deliver Tradewater’s FOM system. In one year, Tradewater has seen its offset credit subscriptions grow by 419 percent and single purchases spike by 422 percent. These numbers represent 15,042 tons of C02e, the equivalent of removing 3,721 passenger vehicles from the road for one year, eliminating the use of 1,692,585 gallons of gasoline or avoiding the yearly electrical use of 2,732 homes. “At Tradewater, we believe that everyone has the power to fight climate change,” said Tim Brown, CEO at Tradewater. “With Thoughtworks working side-by-side with us, we were able to co-create the strategic framework that ultimately led to the development of the FOM system in less than sixty days. As a longstanding partner, we’ve relied on Thoughtworks’ unique approach and technical expertise to engage more people in the fight against climate change.” The Thoughtworks and Tradewater collaborations extend beyond the FOM system, with Tradewater sharing their deep expertise in carbon footprint reporting as Thoughtworks pursues its commitment to the Science Based Target Initiative. “At Thoughtworks, we’re working to reduce our own carbon footprint while also leveraging technology to help our clients and our industry take action on theirs,” said Elise Zelechowski, who leads Thoughtworks’ global sustainability strategy. “We are excited to be partnering with Tradewater to achieve its goal of reducing greenhouse gas emissions and making high-impact carbon offsets accessible to everyone, no matter the size of the offset.” Join Thoughtworks at AWS re:Invent 2021 (November 29-December 3, 2021) in Las Vegas, where the company is a bronze sponsor and is also sponsoring “Code Green: The Sustainability Data Hackathon and Workshop” with a focus on sustainability on November 29, 2021. Thoughtworks and Tradewater will work together to offset the carbon impact of participants' travel to AWS re:Invent, eliminating 2,000 tons of greenhouse gases from the atmosphere. Supporting Resources: Tradewater is a mission-based company focused on the collection and destruction of greenhouse gases, particularly old refrigerants. This work results in independently verified, high quality carbon offset credits. Tradewater is headquartered in Chicago, Illinois and operates around the world. To date, Tradewater has collected and destroyed over 1 million pounds of old chlorofluorocarbon (CFC) refrigerants and has prevented the equivalent of 5.1 million metric tons of CO2 from being released into the atmosphere. This has the same impact as taking 900,000 cars off the road. Thoughtworks is a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. We are 10,000+ people strong across 48 offices in 17 countries. Over the last 25+ years, we’ve delivered extraordinary impact together with our clients by helping them solve complex business problems with technology as the differentiator. Contacts

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CB Insights Intelligence Analysts have mentioned ThoughtWorks in 1 CB Insights research brief, most recently on Aug 24, 2021.

ThoughtWorks Patents

ThoughtWorks has filed 1 patent.

The 3 most popular patent topics include:

  • Geolocation
  • Tracking
  • Trees (data structures)
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/10/2019

4/27/2021

Wireless networking, Wireless locating, Tracking, Geolocation, Trees (data structures)

Grant

Application Date

9/10/2019

Grant Date

4/27/2021

Title

Related Topics

Wireless networking, Wireless locating, Tracking, Geolocation, Trees (data structures)

Status

Grant

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