TaskUs Inc.
TypePublic
Nasdaq: TASK}
IndustryProfessional services
Founded2008 (2008)
HeadquartersNew Braunfels, Texas, U.S.
Key people
Bryce Maddock
(Co-founder and CEO)
Jaspar Weir
(Co-founder and President)
ServicesOutsourcing
RevenueIncrease $478 million (2020)[1]
Increase $34.5 million (2020)[1]
Number of employees
27,500 (worldwide 2021)[1]
Websitewww.taskus.com

TaskUs is a U.S. outsourcing company that handles customer service and content moderation for companies including Facebook and Doordash.

History

The company was founded by Bryce Maddock and Jaspar Weir in 2008 in Santa Monica, California.[2]

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.[2][3][4]

It moved its headquarters to San Antonio, Texas in 2017, then to New Braunfels, Texas in 2018.[5]

In 2020, revenue climbed 33% to $478 million.[2]

The company had its initial public offering in June 2021; it is traded on NASDAQ as Nasdaq: TASK.[6]

Its revenue for the first half of 2021 was $332.9 million.

Products and services

The company's main service is providing content moderation for different companies. Furthermore they offer consulting, content security and AI operations.[7]

Company

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. [8][9][10][11] Altogether the company has about 27,500 employees spread across eight countries.[2]

Approximately 20% of the company's revenue is from providing content moderation for Facebook, and about 12% is from Doordash.[12][13][14][15]

Other customers include Coinbase (beginning in 2017), Netflix, Zoom (beginning in 2020), Whisper, Tinder, AutoDesk, and Uber (beginning in 2013).[2][8][16]

The current CEO is Bryce Maddock. Jaspar Weir, also co-founder of TaskUs, sits on the company's boards of directors.[17]

References

  1. 1 2 3 "TaskUs founders' path to Nasdaq started with high school parties and a yogurt venture in Argentina". CNBS. Retrieved 17 January 2022.
  2. 1 2 3 4 5 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.
  3. ↑ "How Two High School Friends Turned $25,000 Into an $80 Million Business". Inc.com. June 2016. Retrieved 31 August 2021.
  4. ↑ "TaskUs Attracts $15 Million Strategic Investment from Navegar". BusinessWire.
  5. ↑ "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.
  6. ↑ TaskUs (2021-06-10). "TaskUs, Inc. Announces Pricing of Initial Public Offering". GlobeNewswire News Room. Retrieved 2022-01-06.
  7. ↑ "Home". TaskUs. Retrieved 2022-01-17.
  8. 1 2 "How Two High School Friends Turned $25,000 Into an $80 Million Business". Inc.com. June 2016. Retrieved 31 August 2021.
  9. ↑ "TaskUs prospectus". sec.gov. Retrieved 31 August 2021.
  10. ↑ "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.
  11. ↑ Abad, Roderick (6 October 2014). "BPO firm TaskUs to invest $25M for PH expansion". ABS-CBN.
  12. ↑ "Blackstone Weighs Options for Outsourcing Firm TaskUs". Bloomberg.com. 4 February 2021. Retrieved 31 August 2021.
  13. ↑ "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.
  14. ↑ "QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2021". sec.gov. Retrieved 31 August 2021.
  15. ↑ Satariano, Adam; Isaac, Mike (31 August 2021). "The Silent Partner Cleaning Up Facebook for $500 Million a Year". The New York Times. Retrieved 31 August 2021.
  16. ↑ Lingle, Brandon (13 April 2021). "New Braunfels' tech firm TaskUs files to go public". San Antonio Express-News. Retrieved 31 August 2021.
  17. ↑ "TaskUs CEO took huge pay cut during pandemic". www.bizjournals.com. Retrieved 2022-01-10.
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