TaskUs, Inc. (Nasdaq: TASK), a provider of outsourced digital
services and next-generation customer experience to innovative and
disruptive technology companies, today announced expansion plans in
three new countries: Malaysia, Poland, and Romania.
TaskUs has seen exponential year-over-year growth since 2008.
From five employees in a one-room office in Manila to now over
35,600 employees across more than 20 sites in eight different
countries, TaskUs continues its growth in Asia and Europe.
TaskUs has chosen Kuala Lumpur, Malaysia for its Southeast Asian
expansion because of the capital’s world-class tech infrastructure,
multilingual labor force, and work-and-play environment. Similarly,
both Łódź, Poland’s third largest city, and Iași, Romania’s second
largest city, boast dynamic, vibrant cultures and highly educated,
bilingual talent pools.
Already operating in technology and education hubs globally
including the United States, Taiwan, and India, TaskUs recognizes
that these locations offer the excellent quality of life that
TaskUs supports for its employees, resulting in the exceptional
quality of service it offers to its clients.
“Our vision is to make a positive impact on the best brands in
the world, the people we connect with, and our global communities,”
said Bryce Maddock, TaskUs CEO and Co-Founder. “This growth allows
Us to share our Ridiculously Good culture with more people across
the globe, contribute to economic development, and redefine the
outsourcing industry.”
Operations in these new locations are expected to start within
the first half of 2022. Teammates will begin their journey from the
safety and comfort of their homes via TaskUs’s Work@Home model
Cirrus or in temporary office hubs while the company builds
state-of-the art facilities that it is known for.
TaskUs has a reputation for being a leader in providing the best
experience, benefits, learning and career development
opportunities, and programs for its employees. It has a
best-in-class Wellness & Resiliency team, solely focused on
caring for employees’ overall well-being. The company also recently
launched its global Tuition Fee and Professional Development
Reimbursement Program, which supports employees furthering their
education, and The Academy, which offers certification and
mentorship for employees taking the next step in their careers.
TaskUs has been consistently recognized as one of the best
places to work in the world, with recognitions from the Business
Intelligence Group, Stevies Awards, Comparably, and Investors in
People, among others.
To learn more about TaskUs, visit https://www.taskus.com or the
following social media accounts:
- Facebook: www.facebook.com/TaskUs
- LinkedIn: www.linkedin.com/company/TaskUs
- Instagram and Twitter: @TaskUs
About TaskUs
TaskUs (Nasdaq: TASK) is a provider of outsourced digital
services and next-generation customer experience to innovative and
disruptive technology companies, helping its clients represent,
protect and grow their brands. Leveraging a cloud-based
infrastructure, TaskUs serves clients in the fastest-growing
sectors, including social media, e-commerce, gaming, streaming
media, food delivery, and ridesharing, HiTech, FinTech and
HealthTech. As of September 30, 2021, TaskUs had approximately
35,600 employees across twenty locations in the United States, the
Philippines, India, Mexico, Taiwan, Greece, Ireland, and
Colombia.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements include all statements that are
not historical facts, and further include, without limitation,
statements reflecting our current views with respect to, among
other things, our operations, our financial performance, our
industry, the impact of the COVID-19 global pandemic on our
business, and other non-historical statements including the
statements in the “Third Quarter and Full Year 2021 Outlook”
section of this press release. In some cases, you can identify
these forward-looking statements by the use of words such as
“outlook,” “believes,” “expects,” “potential,” “continues,” “may,”
“will,” “should,” “could,” “seeks,” “predicts,” “intends,”
“trends,” “plans,” “estimates,” “anticipates” or the negative
version of these words or other comparable words. Such
forward-looking statements are subject to various risks and
uncertainties. Accordingly, there are or will be important factors
that could cause actual outcomes or results to differ materially
from those indicated in these statements. These factors include but
are not limited to: the dependence of our business on key clients;
the risk of loss of business or non-payment from significant
clients; our failure to cost-effectively acquire new, high-growth
clients; the risk that we may provide inadequate service or cause
disruptions in our clients’ businesses or fail to comply with the
quality standards required by our clients under our agreements;
unauthorized or improper disclosure of personal or other sensitive
information, or security breaches and incidents; negative publicity
or liability or difficulty retaining and recruiting employees; our
failure to detect and deter criminal or fraudulent activities or
other misconduct by our employees; global economic and political
conditions, especially in the social media and meal delivery and
transport industries from which we generate most of our revenue;
the dependence of our business on our international operations,
particularly in the Philippines and India; our failure to comply
with applicable privacy and data security laws and regulations;
substantial increases in the costs of technology and
telecommunications services or our inability to attract and retain
the necessary technologists; our inability to adapt our services
and solutions to changes in technology and client expectations;
fluctuations against the U.S. dollar in the local currencies in the
countries in which we operate; our inability to maintain and
enhance our brand; competitive pricing pressure; our dependence on
senior management and key employees; the limited experience of our
management team in managing a public company; the ongoing COVID-19
pandemic, including the resulting global economic uncertainty and
measures taken in response to the pandemic; the control of
affiliates of The Blackstone Group Inc. and our Co-Founders over
us; and the dual class structure of our common stock. Additional
risks and uncertainties include but are not limited to those
described under “Risk Factors” in the Company’s prospectus, dated
June 10, 2021, filed with the Securities and Exchange Commission
(the “SEC”) pursuant to Rule 404(b)(4) of the Securities Act of
1933, as amended, on June 14, 2021, as such factors may be updated
from time to time in our periodic filings with the SEC, which are
accessible on the SEC’s website at www.sec.gov. These factors
should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in the registration statement. TaskUs undertakes no obligation to
publicly update or review any forward-looking statement, whether as
a result of new information, future developments, or otherwise,
except as required by law.
Media Contact:
David de Castro
TaskUs
david.decastro@taskus.com
Rohj Mariano
TaskUs
rohj.mariano@taskus.com
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