TaskUs
 | |
| Industry | Outsourcing company |
|---|---|
| Founded | 2008 |
| Founders | Bryce Maddock, Jaspar Weir |
| Headquarters | New Braunfels, Texas |
Key people | |
| Website | www |
TaskUs is an outsourcing company that handles content moderation for companies including Facebook and DoorDash.
It was founded by Bryce Maddock and Jaspar Weir in 2008 in Santa Monica, California.[1]
The company moved its headquarters to San Antonio, Texas in 2017, then to New Braunfels, Texas in 2018. [2] Its revenue for the first half of 2021 was $332.9 million. The company's principal operations are in the Philippines, with about 19,000 employees (70% of their total) located there. About 4000 employees are located in the United States.[3][4][5][6]
Early funding included $15 million from Navegar, a private equity fund in the Philippines, and a $14 million loan from Bridge Bank. The Blackstone Group invested $250 million in 2018.[1][3][7]
The company had its initial public offering in June 2021; it is traded on NASDAQ as Nasdaq: TASK. Approximately 30% of the company's revenue is from providing content moderation for Facebook, and about 12% is from DoorDash.[8][9][10][11]
Other customers include Coinbase (beginning in 2017), Netflix, Zoom (beginning in 2020), Whisper, Tinder, AutoDesk, and Uber (beginning in 2013).[1][3][12]
References[edit]
- ^ a b c Levy, Ari (11 June 2021). "TaskUs founders' path to Nasdaq started with high school parties and a yogurt venture in Argentina". CNBC. Retrieved 31 August 2021.
- ^ "TaskUs files for IPO; HQ now in New Braunfels instead of California - Austin Business Journal". Austin Business Journal. 13 April 2021. Retrieved 31 August 2021.
- ^ a b c "How Two High School Friends Turned $25,000 Into an $80 Million Business". Inc.com. June 2016. Retrieved 31 August 2021.
- ^ "TaskUs prospectus". sec.gov. Retrieved 31 August 2021.
- ^ "TaskUs reports more than 57% year-over-year revenue growth - San Antonio Business Journal". San Antonio Business Journal. 12 August 2021. Retrieved 31 August 2021.
- ^ Abad, Roderick (6 October 2014). "BPO firm TaskUs to invest $25M for PH expansion". ABS-CBN.
- ^ "TaskUs Attracts $15 Million Strategic Investment from Navegar". BusinessWire.
- ^ "Blackstone Weighs Options for Outsourcing Firm TaskUs". Bloomberg.com. 4 February 2021. Retrieved 31 August 2021.
- ^ "Research analyst says TaskUs is set to ride a growth wave - San Antonio Business Journal". San Antonio Business Journal. 19 April 2021. Retrieved 31 August 2021.
- ^ "QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2021". sec.gov. Retrieved 31 August 2021.
- ^ Satariano, Adam; Isaac, Mike (31 August 2021). "The Silent Partner Cleaning Up Facebook for $500 Million a Year". nytimes.com. Retrieved 31 August 2021.
- ^ Lingle, Brandon (13 April 2021). "New Braunfels' tech firm TaskUs files to go public". San Antonio Express-News. Retrieved 31 August 2021.