Attached files
file | filename |
---|---|
8-K - FORM 8-K - TTEC Holdings, Inc. | d71165e8vk.htm |
EX-10.3 - EX-10.3 - TTEC Holdings, Inc. | d71165exv10w3.htm |
EX-99.1 - EX-99.1 - TTEC Holdings, Inc. | d71165exv99w1.htm |
EX-10.1 - EX-10.1 - TTEC Holdings, Inc. | d71165exv10w1.htm |
EX-10.2 - EX-10.2 - TTEC Holdings, Inc. | d71165exv10w2.htm |
Exhibit 99.2
Investor Contact
Karen Breen
303-397-8592
Karen Breen
303-397-8592
TELETECH ANNOUNCES INCREASED AUTHORIZATION FOR SHARE REPURCHASES
$25 Million Added to Current Repurchase Program
$25 Million Added to Current Repurchase Program
Englewood, Colo., February 22, 2010 TeleTech Holdings, Inc. (NASDAQ: TTEC), one of the largest
global providers of technology-enabled revenue generation, on-demand and business process
outsourcing (BPO) solutions, today announced that its Board of Directors has approved an increase
of $25 million in the funding available for share repurchases.
This authorization brings the current total amount available for repurchase to approximately $51
million from the $26 million that was still available for share repurchases as of December 31, 2009
under the previous authorization approved by the Board in September 2009.
During 2009, TeleTech repurchased 2.5 million shares of common stock for approximately $35 million.
Since the inception of TeleTechs share repurchase program in 2001, the Board has continued
to demonstrate its commitment to maximizing shareholder value. The Boards approval of this
increase continues to demonstrate its strong confidence in TeleTechs long-term growth prospects,
said Kenneth Tuchman, chairman and chief executive officer. TeleTechs solid balance sheet and
strong cash flow from operations allow us to repurchase stock while also continuing to further
invest in technological innovation and our future growth initiatives.
The stock repurchase authorization does not have an expiration date, and the pace of repurchase
activity will depend on factors such as levels of cash generation from operations, current stock
price, and other factors.
ABOUT TELETECH
TeleTech is one of the largest and most geographically diverse global providers of
technology-enabled business process outsourcing solutions. TeleTech and its subsidiaries have a
28-year history of designing, implementing, and managing critical business processes for Global
1000 companies to help them improve their customers experience, expand their strategic
capabilities, and increase their operating efficiencies. By delivering a high-quality customer
experience through the effective integration of customer-facing front-office processes with
internal back-office processes, we enable our clients to better serve, grow, and retain their
customer base. We use Six Sigma-based quality methods continually to design, implement, and enhance
the business processes we deliver to our clients and we also apply this methodology to our own
internal operations. TeleTech and its subsidiaries have developed deep domain expertise and support
more than 270 business process outsourcing programs serving approximately 90 global clients in the
automotive, communications and media, financial services, government, healthcare, retail,
technology and travel and leisure industries. Our integrated global solutions are provided by
approximately 45,000 employees utilizing 35,600 workstations across 68 delivery centers in 16
countries. For additional information, visit www.teletech.com.
###