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Stream Global Services, Inc.: Stream Global Services Announces Opening of Worldwide Corporate Headquarters in Wellesley, MA

^{Published on 2008-12-08 17:59:09 - Market Wire}
 

BOSTON, MA--(Marketwire - December 8, 2008) - Stream Global Services, Inc. (AMEX: [ OOO ]) today announced the relocation of its worldwide headquarters to Wellesley, MA at the Wellesley Office Park, 20 William Street, 3rd floor.

Stream provides high-end technical support and customer care for many of the leading technology, computer, software, telecommunications and consumer product companies in the world. Stream has 32 service centers located in over 18 different countries across the world. Stream has over 15,000 employees providing services on a global basis.

Stream will locate many of its senior executives at the new location, including the Chief Executive Officer, the Executive Vice President of Global Sales & Marketing, the Chief Financial Officer, Senior Vice President of Operations, Americas; the Chief Legal & Administrative Officer, as well as several key administrative functions.

Stream was purchased by Global BPO Services, Corp. in July 2008. Prior to this Stream was headquartered in Richardson, Texas, where it was moved in 2004 after it was purchased by H.I.G. Capital. Prior to 2004, Stream was located in Canton, MA. In July 2008, Global BPO Services, Corp. changed its name to Stream Global Services, Inc and Scott Murray became its Chairman and Chief Executive Officer. Global BPO was formed as a blank check company in the summer of 2007 by a number of investors and former CEOs from the Boston area. Mr. Murray was the President of Stream from 1999 to 2002 when the business was majority owned by Bain Capital LLC.

Scott Murray, Chairman and CEO of Stream Global Services, said; "We are very excited to locate our headquarters in Wellesley, MA. This is a terrific location with a great supply of high tech talent to help us build our business. Our executive team that has re-joined is now positioned to create a large business process outsourcing company."

Stream will host an open house for local and state government officials, clients, the press and other partners on December 11, 2008 at its new headquarters at 20 William Street, 3rd floor, Wellesley, MA from 5:30PM to 8:00PM to meet its executives and learn more about Stream's strategy for growth in the Boston area.

About Stream Global Services, Inc. (Stream)

Stream Global Services, Inc. ("Stream") is a leading provider of integrated business process outsourcing services such as, technical support, customer retention, customer sales, cash collections, warranty support, customer care, web hosting and other professional services for Fortune 1000 clients in the technology, software, computing, consumer electronics, media and communications sectors. Stream has more than 17,000 technical experts and other employees across 32 service centers in 18 countries.