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TH Global Capital advises TMLabs, a ServiceNow Elite partner, on its strategic sale to Coforge

Apr 2025
Has been acquired by

ServiceNow Consulting

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TH Global Capital advises TMLabs, a ServiceNow Elite partner, on its strategic sale to Coforge
Seller TMLabs
Buyer Coforge
Focus Sector ServiceNow Consulting
Date April 2025

TH Global Capital is pleased to announce that it has acted as the exclusive financial advisor to TMLabs, an award-winning global ServiceNow Elite partner, on its strategic sale to Coforge. This transaction is TH Global Capital’s 11th deal in the ANZ region, and 9th ServiceNow transaction globally, further solidifying its position as the leading boutique investment bank in the region.

quote Engaging TH Global Capital as our advisor was a game-changer for us. Their extensive experience in the ServiceNow ecosystem, combined with their deep global buyer relationships made them an invaluable partner from day one. Through their robust structured process, TH was able to deliver multiple strong offers from leading global strategic buyers, giving us a range of options and the ability to choose the ideal partner in terms of both strategic fit and valuation. Their hands-on support throughout the transaction consistently exceeded expectations, always providing clear, consistent advice and taking on much of the heavy lifting. We highly recommend TH Global Capital and truly appreciate them for all their efforts to steer us through this journey.
Tobias Schwartz Co-Founder, TMLabs
Michael Starkey Co-Founder, TMLabs

Established in 2018, TMLabs is a leading independent ServiceNow Elite partner in Australia. The company specialises in cloud-based solutions across ServiceNow’s Integrated Risk Management, Healthcare, and HR Service Delivery modules for leading enterprise and public sector clients. TMLabs is powered by a highly qualified team of ~60 employees with 590+ ServiceNow certifications.

With the acquisition of TMLabs, Coforge will strengthen its ServiceNow capabilities and deepen their footprint in the Australian market, gaining access to new industries and strategic enterprise clients.

Tobias Schwartz, Co-Founder of TMLabs, said, “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 to deliver next-level outcomes at a global scale.”

Vivek Subramanyam, Founder and CEO of TH Global Capital, said, “We are thrilled to have completed our 9th ServiceNow deal globally. This transaction is a testament to TH Global Capital’s expertise in closing transactions with global strategic buyers, and our proven capabilities in the Digital Transformation and ServiceNow space. We wish TMLabs every success in their strategic partnership with Coforge.”

Stefan Zervides, Director at TH Global Capital, added, “We are delighted to have supported and advised TMLabs on this transaction. It has been a pleasure working with Tobias, Michael and the wider team, and we’re excited to see what they’ll accomplish as part of the Coforge family. This represents our 11th transaction in the ANZ region and further demonstrates the strong interest we’re seeing from large global strategic acquirers in the ANZ region.”

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