AWS Award-Winning Partner Itoc Acquired By Thoughtworks
Thoughtworks is doubling down on its AWS consultancy expertise by purchasing the 2021 AWS Consulting Partner of the Year Award winner Itoc.
Thoughtworks has acquired AWS all-star consulting partner Itoc in a move to boost its AWS business as Thoughtworks doubles down on the worldwide cloud market share leader.
Chicago-based Thoughtworks is a global consultancy firm with over 12,500 employees who recently achieved AWS Premier Tier Services Partner status, which is AWS’ highest partner tier.
Itoc was the winner of the AWS 2021 Consulting Partner of the Year Award in Australia and has over 100 AWS certifications including in cybersecurity and Software as-a-Service (SaaS).
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“While businesses looking to modernize operations are moving to the cloud for increased speed at scale, they are also looking for ways to innovate, enhance customer experiences and stand out from the competition,” said Thoughtworks CEO Guo Xiao in a statement.
Financial details of the deal were not disclosed.
Thoughtworks plans to leverage Itoc to strengthen its enterprise modernization, platforms and cloud services business in Australia. The entire 70-person Itoc team will be joining Thoughtworks.
Founded in 2012, Itoc aims to solve customers’ biggest cloud challenges with a slew of services around cloud migration, application modernization, DevOps, data engineering and the AWS Marketplace. Itoc is an AWS Advanced Consulting Partner and Cloud Managed Services Provider solution provider.
AWS Remains Cloud Market Share Leader
Last week, AWS reported fourth quarter 2022 revenue earnings of $21.38 billion. This represented a 20 percent year-over-year sales growth.
The Seattle-based company generated operating income of $5.2 billion in fourth quarter 2022, compared to $5.3 billion year over year.
Although it was one of AWS’ slowest revenue growth rates in years, the company is still the worldwide market share leader in cloud infrastructure services.
AWS captured 33 percent of the cloud infrastructure services market during the fourth quarter, according to new cloud market data from IT firm Synergy Research Group. Microsoft remains the No. 2 market leader in cloud at 23 percent share of the global cloud services market, followed by Google who won 11 percent share of the market.