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Startek Makes Strategic Minority Investment in CSS Corp to Accelerate Digital Investments


Press release content from Business Wire. The AP news staff was not involved in its creation.
Startek Makes Strategic Minority Investment in CSS Corp to Accelerate Digital Investments
February 25, 2021 GMT
GREENWOOD VILLAGE, Colo. (BUSINESS WIRE) Feb 25, 2021
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-age IT services and technology support solutions company that harnesses the power of AI, automation, analytics, cloud and digital to address customer needs.
Capital Square Partners (“CSP”), a Singapore based Private Equity Fund Manager and Startek’s majority shareholder, acquired a controlling stake in CSS on February 25, 2021. Startek has participated in this transaction by contributing a total of $30 million in a limited partnership managed by CSP to acquire both an indirect beneficial interest of appro ....

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