TaskUs, Inc. (NasdaqGS:TASK) acquired heloo on April 15, 2022. heloo's co-founders, Domagoj Makar and Tomislav Plesa, will continue leading the business post acquisition.
TaskUs, Inc. (NasdaqGS:TASK) completed the acquisition of heloo for $55.09 million on April 15, 2022. Under the terms of the sale and purchase agreement, TaskUs, Inc. acquired heloo in exchange for approximately $24 million in cash, subject to working capital adjustments, plus 200,103 shares of TaskUs, Inc. Class A common stock and up to approximately $24 million in additional consideration with payment contingent upon the satisfaction of certain conditions. The closing cash consideration for the acquisition was funded by the April 12, 2022 draw under the Revolving Credit Facility. Simpson Thacher & Bartlett LLP acted as legal advisor to TaskUs, Inc. (NasdaqGS:TASK).
TaskUs, Inc. is a provider of outsourced digital services and customer experience. The Company's global, omni-channel delivery model is focused on providing its clients three key services: Digital Customer Experience (Digital CX), Trust and Safety, and Artificial Intelligence (AI) services. The Company's Digital CX solutions include omni-channel customer care, learning experience, new product or market launches, sales and customer acquisition, and TaskUs Digital CX Consulting. Its Trust and Safety consists of two primary areas of service: content moderation and risk and response. Content moderation pertains to the review and disposition of user and advertiser generated content, which may include removal or labeling of policy violating, offensive or misleading content. The Company's AI services solutions include data annotation that refines large sets of training data for its clients by annotating videos, photos, audio clips and text based on their policy specifications.
TASKUS, INC. 
