TaskUs
Type | Public |
---|---|
Nasdaq: TASK} | |
Industry | Professional services |
Founded | 2008 |
Headquarters | New Braunfels, Texas, U.S. |
Key people | Bryce Maddock (Co-founder and CEO) Jaspar Weir (Co-founder and President) |
Services | Outsourcing |
Revenue | ![]() |
![]() | |
Number of employees | 27,500 (worldwide 2021)[1] |
Website | www |
TaskUs is an U.S. outsourcing company that handles 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 . 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 30% 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[]
- ^ a b c "TaskUs founders' path to Nasdaq started with high school parties and a yogurt venture in Argentina". CNBS. Retrieved 17 January 2022.
- ^ a b c d e 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.
- ^ "How Two High School Friends Turned $25,000 Into an $80 Million Business". Inc.com. June 2016. Retrieved 31 August 2021.
- ^ "TaskUs Attracts $15 Million Strategic Investment from Navegar". BusinessWire.
- ^ "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.
- ^ TaskUs (2021-06-10). "TaskUs, Inc. Announces Pricing of Initial Public Offering". GlobeNewswire News Room. Retrieved 2022-01-06.
- ^ "Home". TaskUs. Retrieved 2022-01-17.
- ^ a b "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.
- ^ "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.
- ^ "TaskUs CEO took huge pay cut during pandemic". www.bizjournals.com. Retrieved 2022-01-10.
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External links[]
- Outsourcing companies
- Business services companies established in 2008
- Business process outsourcing companies of the United States
- Business in the Philippines
- 2021 initial public offerings
- 2008 establishments in California
- Companies based in New Braunfels, Texas
- Companies listed on the Nasdaq