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TTEC HOLDINGS INC.

Company Profile Analysis

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TTEC HOLDINGS INC. - ICT showcase

Year Founded & Workforce

1982

52,400 Employees

Industry

ICT

Services

Outbound TelemarketingBusiness Process Outsourcing
T

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TTEC HOLDINGS INC. Overview

Company Headquarters: US

Founded: 1982

Workforce: 52,400

Company Working: TTEC Holdings Inc. is a global provider of customer experience technology and related services. The company helps large, global enterprises to increase their revenue and reduce costs by offering personalized customer experience across different interaction channels. The company has two reportable business segments namely, TTEC Digital and TTEC Engage. TTEC Digital designs and builds human-centric and tech-enabled customer experience solutions while TTEC Engage works as a global delivery center of excellence that offers customer acquisition, revenue growth, digital fraud prevention & acquisition, and content moderation services. The company offers its services in 23 countries 85 customer engagement centers across six continents. The company operates under four business segments comprising TTEC Digital—customer strategy service (CSS) and customer technology service (CTS), TTEC Engage— customer growth service (CGS) and customer management service (CMS). The company generates approximately 84% of its revenue from TTEC Engage center of excellence. The company offers its services across various industry domains including automotive, healthcare, financial services, government, media & entertainment, retail, transportation, and technology. The company has developed a contact center software platform namely, Humanify which is a cloud-based customer experience platform across different industry verticals. The company’s customer engagement center is spread across different countries. As of December 31, 2018, the company had a total of 85 delivery centers, with 38 of them in the US and 19 in the Philippines.

Strategy

TTEC Holdings aims at improving its portfolio by focusing on enhancing customer engagement for its clients. In order to achieve the same, the company strives to build strategic relationships with its existing global clients. It also strives to pursue new clients across various industry verticals. In order to increase its customer base, the company invests in building an efficient sales team to improve speed to market and to deliver comprehensive and integrated solutions to the end user. In addition, the company also executes strategic partnerships and acquisitions in order to improve its global reach.

Company Snapshot

$1,280M

Revenue

52,400

Employees

1982

Founded

US

Headquarters

SWOT Analysis

Strengths

  • Strong customer base globally
  • Offerings backed by advanced technology
  • Integrated unified offering with holistic approach to customer experience

Weaknesses

  • Competition from inhouse customer engagement operation as well as third-party providers like Alorica, Sitel, and Sykes.
  • Improvement on global delivery network

Opportunities

  • Increasing focus on customer engagement
  • Expansion of offerings to developing countries

Threats

  • Civil unrest in countries where the company operates
  • Intense competition

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Key Developments

DateApproachDevelopment
July 2019ExpansionThe company announced the opening of Humanify customer engagement center in Oklahoma City, US. The company believes that the city of Oklahoma is the prime location for providing customer experience services.
2018AcquisitionThe company acquired strategic communications services, a UK-based company that offers contact center and unified communication consultancy and professional services, application performance management and contact center solutions. The acquisition is expected to help TTEC Holdings Inc. to strengthen its offerings.

Product Offering

  • TTEC HOLDINGS INC.
    • Outbound Telemarketing
    • Business Process Outsourcing

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global Revenue rose from USD 1.3 Bn in 2016 to USD 1.5 Bn in 2018.
TTEC HOLDINGS INC. — By Business Segment
Series (USD Bn)201620172018
Global Revenue1.31.51.5

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