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TaskUs Takes $250M From Blackstone

socalTECH

Santa Monica-based business outsourcing service provider TaskUs , founded by Bryce Maddock and Jaspar Weir, said this morning that it has raised $250M in an investment round. The investment came from private equity investor Blackstone Group. According to TaskUs, the funding round values the company at $500M.

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TaskUs Expands In New Mexico

socalTECH

Santa Monica-based business process outsourcing provider TaskUs says it is expanding its operations again, this time, in Albuquerque, New Mexico. TaskUs says it will invest $9M in a new downtown location in Albuquerque. TaskUs just raised a giant, $250M funding round from private equity investor Blackstone Group.

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TaskUs Opens Five New Offices Globally

socalTECH

Santa Monica-based business process outsourcing provider TaskUs said this morning that it has added five new offices, and over 2,000 full-time employees, as part of a major global expansion effort. TaskUs said the office expansion is a result of the investment it received in August from Blackstone. READ MORE>>.

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HandsOn3 Buys BancTec

socalTECH

Santa Monica-based buyout fund HandsOn3 said Thursday that it has acquired BancTec , a business process outsourcing (BPO) company based in Dallas, Texas. HandsOn3 said it invests in business process services, big data mining, and industrial services. Financial terms of the buy were not disclosed. READ MORE>>.

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How TaskUs Is Powering LA's Technology Startup Boom

socalTECH

I had worked a year in investment banking, and Jasper was out of USC. We''d gone to high school together in Santa Monica, and we were both very entrepreneurial in high school. With globalization, and the rise of technology, we believed that you were going to see more and more individuals looking to outsource tasks.

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Interview With Brian McCarthy, Dentistry.com

socalTECH

To their credit, they were able to carve out an investment so we could develop this. I have been in Santa Monica, in technology, since 199, and over all those years, I've developed some great relationships. You have to understand, in a public company, there are earnings, and all these trapping of being a public company.

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Interview with David Sobie, Happy Returns

socalTECH

Santa Monica-based Happy Returns (www.happyreturns.com) is solving that issue, with a network of "return bars" it has opened in partnership with physical retailers. That was an insider round, where ssetnailly, Upfront led and angel Brian Spaly, the former co-founder of Bonobos and the CEO of Trunk Club ended up investing.

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