ThoughtWorks IPO (TWKS) is soon coming on Nasdaq. Thoughtworks was always a very strong competitor in my career as a salesperson. Thoughtworks is a leader when it comes to digital transformation Microservices agile jobs. It really doesn’t have any competitors when it comes to the expertise in trendsetting and consulting in Microservices. The very principles of Microservices, Agile, DevOps, were formed and contributed by research scientists and employees of Thoughtworks.

Now, why is ThoughtWorks going to be successful in the future? Because these very technologies in which Thoughtworks is an expert are going to be massively in demand for the next 10 to 15 years. Now you would say that what is Microservices why is it important in the next 10 to 15 years?

So read this in this way that all successful services such as Netflix, Amazon, Robinhood, Google, Facebook, Zalando, Groupon,eBay, Uber, Comcast, Soundcloud are based on the technology principle of Microservices which Martin Fowler and James Lewis of Thoughtworks laid the foundation of.

We are soon going to see a massive digital transformation in all types of businesses and platforms which will need the services of companies like Thoughtworks. Thoughtworks is going to be the digital transformation partner for many of the traditional and large businesses. A lot of business that comes to Thoughtworks comes because of its brand name in the consulting space of Microservices and digital transformation. Thoughtworks beats its competition in many deals for such kind of IT consulting work. And it was one of my top toughest competitors during my work as an IT consulting salesperson.

Thoughtworks is on the invitee list as a vendor for the digital transformation of many chief information officers and chief digital officers of large businesses.

The biggest threat which might come to Thoughtworks is from large Indian IT companies, large IT consulting and services companies from the United States and Europe. But given its leadership position, it might hold on a significant market share in such services. Although history and expertise are on the side of Thoughtworks it should not rest on its past laurels and continue to invest in newer technology. It should keep its well-known focus on research and development in areas of setting new technology principles to boost shareholder belief in the company after ThoughtWorks IPO.

Thoughtworks Holdings Inc. TWKS,

Thoughtworks Holdings Inc. TWKS, has set terms of its initial public offering, which could value the Chicago-based technology consultancy company at up to $6.10 billion. A total of 36.84 million shares will be offered in the ThoughtWorks IPO, with the company offering 16.43 million shares and selling shareholders offering 20.41 million shares. n the document, ThoughtWorks revealed that it would offer 36,842,106 shares of common stock at a price per share between $18 and $20. This means ThoughtWorks could raise up to $328.6 million through this IPO. The stock is expected to list on the Nasdaq under the ticker symbol “TWKS.” It has filed paperwork under the name Turing Holding Corp but plans to change its name to Thoughtworks Holding Inc before the completion of the IPO. Goldman Sachs and J.P. Morgan are the lead underwriters for the ThoughtWorks IPO offering.

Who are customers of ThoughtWorks? Understand before you invest in Thoughtworks IPO

The 28-year-old firm provides services to companies such as Canadian wireless carrier TELUS Corp, U.S. supermarket chain Kroger Co and payments company PayPal Holdings Inc. It has helped numerous well-known corporations — including Atlassian, Bayer, Sephora, PayPal, Porsche, and more — on their digital transformations and strategies. Thoughtworks integrates strategy, design, and software to help businesses succeed online. It provides premium, end-to-end digital strategy, design, and engineering services to assist companies with their digital transformation. Walmart, PayPal, Kroger, Bayer, and other well-known companies have benefited from the company’s services. Thoughtworks provides its services to over 300 companies. You should consider this list of customers when investing in ThoughtWorks IPO.

customers and Clients of ThoughtWorks

The market size of ThoughtWorks Digital transformation and Microservices business

The digital transformation, IT consulting, Microservices is almost 400 billion dollar market size item in the technology industry. A vast majority of that might come to Thoughtworks due to its established presence in the consulting space and its recognized leadership in the Microservices arena. The global microservices architecture market size was valued at $2,073 million in 2018 and is projected to reach $8,073 million by 2026, registering a CAGR of 18.6% from 2019 to 2026. Microservices architecture (MSA) is a process of developing software systems in which large monolithic applications are broken down into smaller manageable independent services.

The global digital transformation market size was valued at USD 336.14 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 23.6% from 2021 to 2028. The growing demand for advanced technology, such as the Internet of Things (IoT), across businesses and enterprises, is promoting the adoption of connected devices as well as data-rich and analytics solutions. Moreover, these solutions enable the integration of intelligence into business operations and processes to facilitate improved and effective customer engagements, while driving operational optimization. The increasing use of mobile devices, smartphones, and applications across business processes and departments is also promoting digitization and is expected to drive the market over the forecast period. Shifting from traditional to digitalized business models facilitates the introduction of additional advanced technological products and services across industries and sectors.

Looking at this data we can gauge how much business ThoughtWorks can target and thus make a sound decision on ThoughtWorks IPO.

Also read: What are Microservices ? Differences between Microservices and Monolithic Architectures. 9 Microservices Advantages and Disadvantages

What is digital transformation?

Digital transformation enables organizations to improve their operational performance, customer experience, brand reputation, and customer retention ratios. Moreover, digitally transformed businesses can efficiently adapt to the changing technological landscape and can address sudden shifts in the industry, especially the one currently brought in by the Covid-19 pandemic; studies suggest that the efficiency and rate of adaptation of digitally transformed businesses to a post-pandemic era are much higher than traditional businesses.

The increasing demand for industrial automation is also one of the key drivers of the market. The rising adoption of wireless communication and other advanced technologies across several businesses and verticals is expected to drive the rate of digital transformation. Several industries, including energy & power, manufacturing, healthcare, and education, are investing in automation solutions to make an immediate and lasting difference in terms of optimization of processes. These industries have begun to shift toward complete digitization by implementing smart systems and IoT sensors across processes. However, some untapped areas continue to remain within businesses and enterprises, along with a few industries and sectors, where the rate of digitization has been traditionally low. For instance, the manufacturing sector, especially across emerging economies, has traditionally been a slow adopter of advanced techniques and technologies. As we mentioned earlier ThoughtWorks is the market leader and this should be taken into consideration before investing in ThoughtWorks IPO.

Origin of Microservices

First proposed by Martin Fowler(Thoughtworks) and James Lewis(Thoughtworks) in 2014, microservices architecture style is a way to develop a single application using a set of small services, each running in its own process and communicating using lightweight mechanisms, usually, HTTP APIs, that are built on business capabilities and can be deployed independently through automated deployment mechanisms, implemented in different programming languages, and different data storage technologies, with minimal centralized management.

What are Microservices ?

In the traditional IT industry, most of the software is piling up a variety of independent systems, the problem of these systems is summed up as poor scalability, reliability is not high, high maintenance costs. However, since SOA used bus mode in the early days, this bus mode is strongly bound to a certain technology stack, such as J2EE (Java enterprise). This results in many enterprises ‘ legacy systems are difficult to connect, the switching time is too long, the cost is too high, the convergence of the stability of the new system also takes some time. In the end, SOA looks beautiful, but it has become an enterprise-class luxury that small and medium-sized companies are afraid of.

In the introduction of microservices, we must first understand what microservices are. As the name suggests, microservices have to be understood from two aspects, what is “micro” and what is “service”. In the narrow sense, the small and famous”2 pizza team” is a good interpretation of this explanation (the 2 pizza team was first proposed by Amazon CEO Bezos, meaning that the design of a single service, all participants from the design, development, testing, operation and maintenance owners add up to only 2 pizzas). The so-called service must be different from the system, service one or a set of relatively small and independent functional units is the user can perceive the minimum set of functions.

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