GREENWOOD VILLAGE, Colorado – (COMMERCIAL THREAD) – StarTek, Inc. (NYSE: SRT) (“Startek” or the “Company”), a global provider of customer experience management solutions, today announced a strategic investment in CSS Corp. (“CSS”), a new IT services and technology support solutions company that harnesses the power of AI, automation, analytics, cloud and digital to meet the needs of clients.
Capital Square Partners (“CSP”), a Singapore-based private equity fund manager and majority shareholder of Startek, acquired a majority stake in CSS on February 25, 2021. Startek participated in this transaction by contributing a total of 30 million dollars in a limited partnership. managed by CSP to acquire both an indirect beneficial interest of approximately 26% in CSS, as well as an option to acquire a controlling interest. The option to acquire a controlling interest in CSS is at the sole discretion of Startek, and the Company has no obligation to do so.
Founded in 1996, CSS provides technology-driven customers with critical support needs that encompass enterprise and consumer technology experience, cloud and infrastructure services, digital and engineering services, and engineering services. geospatial technology. CSS operates a network of 18 campuses on five continents. With strong recurring revenues, growing technology customers, and a platform-based service model, CSS is uniquely positioned to partner with leading companies on their journey to the cloud and digitization.
Aparup Sengupta, Chairman of the Board and Global CEO of Startek, said: “This investment marks a key inflection point for Startek as it accelerates our adoption of digitally-driven services and improves our potential for margin expansion. . I have followed CSS closely for many years as they have built a unique organization that is spearheading technology solutions for some of the biggest names in the rapidly growing tech industry. We are delighted with this investment and look forward to our partnership with CSS. ”
Startek is a global provider of business process management technology solutions. The company provides omnichannel customer experience, digital transformation, and technology services to some of the world’s biggest brands. Startek is committed to impacting customer business outcomes by focusing on improving the customer experience and enabling digital and AI across all touchpoints and channels. Startek has more than 40,000 CX experts across 46 delivery campuses in 13 countries. The company serves more than 250 clients in various industries such as banking and financial services, insurance, technology, telecommunications, healthcare, travel and hospitality, e-commerce, consumer goods, retail retail and energy and utilities. To learn more about Startek’s global solutions, please visit www.startek.com.
About CSS Corp
CSS Corp is a new era IT services and technology support company that harnesses the power of AI, automation, analytics, cloud and digital to meet customer needs. The company partners with leading companies to help them achieve their strategic business results. Its team of more than 7,500 technology professionals at 18 locations worldwide are passionate about helping clients differentiate themselves and succeed. For more information, please visit https://www.csscorp.com.