History
Global BPO Services Corp. was founded by Scott Murray in 2007. It announced a merger with Stream Holdings Corporation in July 2008, subsequently changing its name to Stream Global Services, Inc.
On October 2009, Stream Global Services, Inc. has acquired EGS Corporation in the Philippines, the indirect parent company of eTelecare Global Solutions in a stock-for-stock exchange. eTelecare Global Solutions is now known as Stream International Global Services Philippines, Inc.
In 2010 CEO Scott Murray was replaced by Kathryn V. Marinello, who in 2011 announced Barbara Weyl as Executive Vice President.
On June 1, 2010, Trillium Capital LLC, owned by Scott Murray, the founder and former CEO of Stream, made an offer to acquire 100% of Stream for $4.65 per share plus assumption of debt. The non-binding proposal also includes a provision to extend the exercisability of the public warrants by two years that would otherwise expire in October 2011. Scott Murray is a leading expert in the contact center and technology industry with deep corporate and financial relationships. The offer to acquire Stream is subject to various conditions outlined in a letter to the Board of Directors that was delivered at the Annual General Meeting of stockholders on June 1, 2011. The transaction has a total enterprise value of approximately $575 million. Trillium Capital LLC owns 4.6% of the issued and outstanding shares of Stream and 1000 public warrants. The offer was subsequently turned down by 80%+ of the shareholders.
On February 26, 2013, Stream acquired UK based call center LBM Holdings in a move to improve its sales and revenue generation service especially in the UK. No job cuts happened in the aqcuisition as Stream is focused on being the employer of choice for its employees.
Read more about this topic: Stream Global Services
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