TTEC completes $490M acquisition of Avtex – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
Bloomington tech company Avtex acquired in $490M deal Avtex CEO to become president of TTEC Digital business segment April 12, 2021 3:17pm Text size Copy shortlink:
Avtex Solutions, a Bloomington-based customer experience technology company, has been acquired for $490 million.
TTEC Holdings Inc., a global customer experience tech company based in Colorado, closed the deal with Avtex last week. While the two companies did not disclose terms, the Securities and Exchange Commission reported the size of the cash deal.
Avtex, which was previously owned by Minneapolis-based Norwest Equity Partners, grew considerably last year as companies needed help switching to work-from-home solutions for both employee and customer interactions.