StarTek makes minority investment in IT services provider CSS

StarTek Inc. made a strategic minority investment in CSS Corp., a company that offers IT and technology support services.

StarTek acquired an indirect beneficial interest of about 26% in CSS after contributing $30 million in a Capital Square Partners-managed limited partnership, according to a Feb. 25 statement. Capital Square Partners purchased a controlling stake in CSS.

The deal includes an option for StarTek to acquire a majority stake in CSS.

The investment will allow StarTek to enter the technology support sector while being able to use CSS' artificial intelligence, automation, analytics, cloud and security platforms.

Colorado-based StarTek is a global provider of customer experience management services.