TaskUs announces expansions in Asia and Europe

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NEW BRAUNFELS, Texas, December 14, 2021 (GLOBE NEWSWIRE) – TaskUs, Inc. (Nasdaq: TASK), a provider of outsourced digital services and next-generation customer experience for innovative and disruptive technology companies, announced today hui expansion plans in three new countries: Malaysia, Poland and Romania.

TaskUs has experienced exponential year-over-year growth since 2008. From five employees in a one-room office in Manila to more than 35,600 employees at more than 20 sites in eight different countries, TaskUs continues to grow in Asia and Europe.

TaskUs chose Kuala Lumpur, Malaysia for its expansion in South East Asia due to the capital’s world-class technological infrastructure, multilingual workforce, and work and leisure environment. Likewise, Łódź, the third largest city in Poland, and Iași, the second largest city in Romania, have vibrant and vibrant cultures and pools of highly skilled bilingual talent.

Already operating in technology and education hubs around the world, including the United States, Taiwan and India, TaskUs recognizes that these sites provide the excellent quality of life that TaskUs supports for its employees, which translates into quality. exceptional service that it offers to its customers.

“Our vision is to positively impact the world’s best brands, the people we connect with and our global communities,” said Bryce Maddock, CEO and Co-Founder of TaskUs. “This growth allows us to share our ridiculously good culture with more people around the world, to contribute to economic development and to redefine the outsourcing industry.”

Operations at these new locations are expected to begin in the first half of 2022. Teammates will begin their journey from the safety and comfort of their own homes via TaskUs’ Work @ Home model. Cirrus or in temporary offices while the company builds state-of-the-art facilities for which it is known.

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 world-class wellness and resiliency team that is uniquely focused on the general well-being of the employees. The company also recently launched its Global Tuition and Professional Development Reimbursement Program, which helps employees continue their education, and The Academy, which offers certification and mentorship to employees taking the next step in their careers. .

TaskUs has always been recognized as one of the best places to work in the world, with accolades 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:

About TaskUs

TaskUs (Nasdaq: TASK) is a next-generation outsourced digital services and customer experience provider for innovative and disruptive technology companies, helping clients represent, protect and grow their brands. Leveraging a cloud-based infrastructure, TaskUs serves clients in the fastest growing industries 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, 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 fact 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 global COVID-19 pandemic on our business and other non-historical statements, including statements by the “Third Quarter and Fiscal 2021 Outlook” section of this press release. In some cases, you can identify such forward-looking statements by using words such as “prospect”, “believes”, “expects”, “potential”, “continuing”, “could”, “will”, “should,” “” Could “,” seeks “,” predicts “,” intends “,” trends “,” plans “,” estimates “,” anticipates “or the negative version of these or other words comparable words. These forward-looking statements are subject to various risks and uncertainties. Therefore, there are or will be significant factors that could cause actual results to differ materially from those shown in such statements. These factors include, but are not limited to: the dependence of our business on key customers; the risk of loss of business or non-payment of major customers; our inability to profitably acquire new high growth customers; the risk that we may provide inadequate service or cause disruption to our customers’ business or fail to meet the quality standards required by our customers under our agreements; unauthorized or inappropriate disclosure of personal information or other sensitive information, or security breaches and incidents; negative publicity or responsibility or difficulty in retaining and recruiting employees; our inability to detect and deter criminal or fraudulent activity or other misconduct by our employees; global economic and political conditions, particularly in social media and the food delivery and transportation sectors from which we generate most of our income; the dependence of our activity on our international operations, particularly in the Philippines and India; our failure to comply with applicable data privacy and security laws and regulations; substantial increases in the costs of telecommunications technology and services or our inability to attract and retain the necessary technologists; our inability to adapt our services and solutions to technological developments and to customer expectations; fluctuations against the US dollar in the local currencies of the countries in which we operate; our inability to maintain and improve our brand; competitive pressure on prices; 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 the actions 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, without limitation, those described in the “Risk Factors” section in the Company’s prospectus, dated June 10, 2021, filed with the Securities and Exchange Commission (the “SEC”). in accordance with Rule 404 (b) (4) of the Securities Act of 1933, as amended, June 14, 2021, as these factors may be updated from time to time in our periodic filings with the SEC, which are available on the SEC’s website at www.sec.gov. These factors should not be taken as exhaustive and should be read in conjunction with the other caveats included in the registration statement. TaskUs assumes no obligation to publicly update or revise 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

[email protected]

Rohj Mariano

TaskUs

[email protected]


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