Summary
Blackstone said it would invest an undisclosed amount in TaskUs.
TaskUs provides technology-centric customer support and related BPO services to tech companies.
BX promises to be a capable and deep-pocketed capital partner as TaskUs seeks to expand globally and bolster its offerings.
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Editor's note: This article previously referenced BXMT, the ticker for Blackstone Mortgage Trust. These references have been corrected to BX, the correct ticker for The Blackstone Group
Quick Take
Blackstone (BX) private equity funds have committed to making an investment in a current funding round for TaskUs, valuing the firm at over $500 million.
TaskUs provides customer service support and related services to help their clients scale operations efficiently.
BX is stepping in to replace TaskUs' existing investor and provide the necessary capital and BPO (Business Process Outsourcing) expertise and connections to help propel TaskUs to the next level of global scale.
