TTEC closes $142.3M acquisition of Faneuil public sector assets

TTEC Holdings, Inc.

Paid $142.3M cash to acquire certain citizen experience contracts in transportation, healthcare, and smart city services.
Acquired assets now part of TTEC Engage segment; adds ~$19B total addressable market.
Faneuil's Anna Van Buren joins TTEC public sector leadership team.
Parties also entered transition services agreement and amended right of first refusal terms.
Deal accelerates TTEC's growth in public-sector digital CX solutions.

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