Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation, announced Ritchie Bros., a global asset management and disposition company, signed a multi-year agreement with Thoughtworks to accelerate its modernization and digitization as it accelerates its transition to a global trusted marketplace for insights, services and transaction solutions for commercial assets.

“The industrial equipment industry is changing rapidly and Ritchie Bros, as a global market leader, is embarking on an accelerated journey to transform the company’s business through technology,” said Baron Concors, Chief Information Officer, Ritchie Bros. “I’m very excited about partnering with Thoughtworks to deliver our vision of a modern, digital marketplace that is seamless for our customers, employees and partners.”

Ritchie Bros. has a clear vision to implement a modern architecture to help drive business growth and scale and is embarking on a rapid test-driven development approach that is agile enough to support its future development and new business models. Together, the Thoughtworks and Ritchie Bros.’ engineering teams will design and build the capabilities that will speed development of Ritchie Bros.’ digital marketplace ecosystem using software-development life-cycle best practices, methodologies, processes, CI/CD tools and documentation.

“In today’s digital era, it is crucial for businesses to adapt to customers’ evolving preferences and needs. For Ritchie Bros., this means offering a seamless experience when transitioning between digital channels and auctions to make it as simple and easy as possible for customers,” said Chris Murphy, Chief Executive Officer, Thoughtworks North America. “We’re extremely pleased to bring Thoughtworks’ 28+ years of experience in applying lean and agile design thinking, technology and business strategy to Ritchie Bros.’ digital marketplace, powered by a human-centered customer experience.”