TaskUs, which provides outsourced virtual business services to enterprise companies and SMBs, filed on Monday with the SEC to raise up to $100 million in an initial public offering.
TaskUs is a digital business services outsourcer, focused on serving high-growth technology companies to represent, protect, and grow their brands. The company offers digital customer experience services, content security services, and artificial intelligence operations that represented 63%, 27% and 10%, respectively, of its total service revenue for the 2020 fiscal year. As of December 31, 2020, TaskUs had over 100 clients spanning numerous industry segments within the digital economy, including social media, e commerce, gaming, streaming media, food delivery and ride sharing, HiTech, FinTech and HealthTech.
The New Braunfels, TX-based company was founded in 2008 and booked $478 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq under the symbol TASK. TaskUs filed confidentially on November 6, 2020. Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.
