TH Global Capital is pleased to announce its role as the exclusive financial advisor to TMLabs, a leading global ServiceNow Elite Partner, on its strategic sale to Coforge. This marks TH Global Capital’s 11th transaction in the ANZ region and 9th ServiceNow deal globally, reinforcing its position as the premier boutique investment bank for digital transformation businesses.
Founded in 2018, TMLabs has rapidly established itself as a top-tier independent ServiceNow partner in Australia, delivering cloud-based solutions across Integrated Risk Management, Healthcare, and HR Service Delivery for enterprise and public sector clients. With a highly skilled team of ~60 professionals and over 590 ServiceNow certifications, TMLabs is widely recognized for its client-centric innovation and execution excellence.
The acquisition significantly strengthens Coforge’s ServiceNow capabilities and expands its presence in the Australian market. TMLabs’ expertise and established client base will play a key role in accelerating Coforge’s global ServiceNow growth strategy.
Tobias Schwartz, Co-Founder of TMLabs, commented, “This is a significant moment for TMLabs, and we couldn’t be more excited about what lies ahead. Coforge brings scale, global capability, and a cultural alignment that enables us to stay true to who we are while expanding our impact. Together, we’ll be able to offer more to our clients and continue building cutting-edge solutions with greater reach.”
Michael Starkey, Co-Founder of TMLabs, added, “From day one, our mission has been to build technology that matters—with purpose, precision, and people at the centre. Joining Coforge is a natural evolution of that mission. It’s an opportunity to grow without compromise and deliver next-level outcomes at a global scale.”
Speaking about the role of TH Global Capital, the founders shared, “Engaging TH Global Capital as our advisor was a game-changer for us. Their extensive experience in the ServiceNow ecosystem and strong global buyer relationships made them an invaluable partner from day one. TH’s structured process brought us multiple compelling offers from leading global acquirers, enabling us to choose the best strategic fit. Their hands-on support throughout the process consistently exceeded expectations—we highly recommend them.”
Vivek Subramanyam, Founder & CEO of TH Global Capital, stated, “We are thrilled to have closed our 9th ServiceNow transaction globally and 11th deal in the ANZ region. This deal showcases our deep sector knowledge and trusted relationships with global strategic buyers. We wish TMLabs great success in this exciting new chapter with Coforge.”
Stefan Zervides, Director at TH Global Capital, added, “It has been a pleasure advising Tobias, Michael, and the TMLabs team through this important transaction. Their growth journey and values align perfectly with Coforge’s vision. This transaction highlights the increasing appetite from global technology acquirers for innovative, founder-led businesses in the ANZ region.”
Find out more about the transaction here.