Blackstone signs agreement to invest in TaskUs

Private Equity funds managed by Blackstone (NYSE: BX) have entered into a definitive agreement to invest in TaskUs, a leading customer service and business process outsourcing services provider for high-growth technology companies. The investment, before funding, values TaskUs at more than $500 million.

Founded in 2008 by Bryce Maddock and Jaspar Weir, TaskUs is one of the fastest-growing companies in its industry globally. Its business process solutions, which leverage the latest technology, including AI, advanced Learning Management Systems and big data, help companies quickly scale. TaskUs will continue to be led by Maddock, Weir, and the existing management team, who have been instrumental in driving the company’s growth.

Bryce Maddock, TaskUs co-founder and CEO, commented, “We chose to partner with Blackstone because they have a track record of building category-defining businesses. Our goal is to build TaskUs into the world’s number one provider of tech-enabled business services.”

Read full coverage:

Blackstone to invest in Santa Monica outsourcing firm (Los Angeles Times)
Blackstone Invests in Outsourcing Services Provider TaskUs (The Wall Street Journal)
Blackstone Buys $250 Million Stake in Outsourcing Startup TaskUs (Bloomberg)
AI training and social network content moderation services bring TaskUs a $250 million windfall (TechCrunch)

August 9th, 2018|Categories: Client News|Tags: , , , , , |

Outsourcing leader TaskUs names Jarrod Johnson as Chief Customer Officer

TaskUs, which provides next-generation customer support solutions for technology companies and has a big operation in San Antonio, announced this morning that it has named Jarrod Johnson as Chief Customer Officer.

Johnson was previously SVP of Sales at TaskUs and will be based in the company’s Dallas offices. Johnson also had served at ACS and IBM. TaskUs–which has a very significant employee base in the Philippines–also has an on-shore facility in San Antonio, Texas.

Read the full article: TaskUs Grows Executive Team In Dallas (Texas Tech Pulse)

April 25th, 2018|Categories: Client News|Tags: , , , , |

TaskUs signs a major lease for new commercial office space in New Braunfels

TaskUs Inc. — a Santa Monica, California-based company that runs business outsource process centers around the world, including call centers — signed a major lease for new commercial office space in New Braunfels as it continues to hire in the region and needs more space for its growing employee footprint.

TaskUs expects that within a year it will have about 1,000 employees between San Antonio and New Braunfels. In the coming years, it may have upwards of 2,000 workers in the region, the company told the San Antonio Business Journal.

TaskUs is leasing about 41,000 square feet in the 105,000-square-foot Heritage Plaza building that sits on 12.6 acres on the North West side of New Braunfels.

Read the full article: Call center company signs new lease in New Braunfels as expansion continues, to hire thousands (San Antonio Business Journal) 

April 3rd, 2018|Categories: Client News|Tags: , , , , , , |

TaskUs to bring 1,000 new jobs to Greater San Antonio region

TaskUs, a Los Angeles company that specializes in providing a plethora of business services to digital brands such as Tinder, Wish, Hootsuite, Hotel Tonight and Sparefoot, is expanding its San Antonio-region presence with as many as 1,000 new positions in New Braunfels.

Chief Operations Officer Joe Buggy on Tuesday said training already was under way for the first 50 employees at the 41,000-square foot Heritage Plaza location.

He said the site was expected to be online by the end of April.

Read the full article: TaskUs to bring as many as 1,000 jobs to New Braunfels (San Antonio Express-News)

March 28th, 2018|Categories: Client News|Tags: , , , , , , |