Blackstone, the world’s largest private equity (PE) firm, has signed a deal to invest in TaskUs, a customer service and business process outsourcing (BPO) services provider for high-growth technology firms. The value of the investment was not announced, but a Bloomberg report said it was about US$250 million. The investment, before funding, values TaskUs at more than $500 million, according to a statement on Thursday. The transaction is expected to close in the fourth quarter of 2018, subject to regulatory approvals and customary closing conditions. With the new investments, TaskUs said it will scale globally with investments in Europe, India and Latin America and will continue its expansion in countries where it operates today – the United States, the Philippines, Mexico and Taiwan. Founded in 2008 by Bryce Maddock and Jaspar Weir, TaskUs is one of the fastest-growing companies in its industry globally.
Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)
The #1 outsourcing authority
Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.
The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.
About Derek Gallimore
Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.
Outsource Accelerator In The MediaSee all media mentions
- Outsourcing industry “absolutely booming”
- Outsourcing industry recovery could be starting, survey indicates
- Doom or boom faces the IT-BPM industry (part 2)
- Bright future for outsourcing
- The Chinese Antidote to a Covid-battered Philippines
- The Philippine IT BPM Industry: Your Tool for Business Recovery and Continuity
- BPO industry in Philippines seen benefitting as firms abroad cut costs due to pandemic