July 24, 2016 5:27 AM ET

Commercial Services and Supplies

Company Overview of TRG Customer Solutions, Inc.

Company Overview

TRG Customer Solutions, Inc., doing Business as IBEX Global Solutions, Inc., provides business process outsourcing services for Fortune 100 companies through its global network of contact centers. It offers teleservices, email and chat support, account management, back office solutions, and customer lifecycle services. The company serves communications and media, financial services, technology, telecommunications, healthcare and insurance, retail, travel and recreation, energy and utilities, and education industries. TRG Customer Solutions, Inc. was incorporated in 2004 and is based in Washington, District Of Columbia. TRG Customer Solutions, Inc. operates as a subsidiary of IBEX Global Solu...

1700 Pennsylvania Avenue NW

Suite 560

Washington D.C., DC 20006

United States

Founded in 2004



Key Executives for TRG Customer Solutions, Inc.

Chief Executive Officer
Age: 54
Chief Financial Officer
Age: 52
Chief Information Officer
General Counsel
Communications Specialist
Compensation as of Fiscal Year 2016.

TRG Customer Solutions, Inc. Key Developments

TRG Customer Solutions Inc Enters into Related Party Transaction with The Resource Group International Limited

IBEX Global Solutions plc announced that TRG Customer Solutions Inc., a 100% owned subsidiary of the company entered into a related party transaction with The Resource Group International Limited in connection with the sub-licence from the IBEX subsidiary of software licences by TRGI. Of the software licences purchased by the IBEX subsidiary, the majority is not of use to the company or the IBEX subsidiary but rather is to be used by TRGI Affiliates. Accordingly, TRGI and the IBEX subsidiary have entered into an agreement pursuant to which TRGI will sub-licence the software licences from the IBEX Subsidiary with the following terms: TRGI will agree to pay to the IBEX subsidiary an amount in cash equal to that which the IBEX subsidiary is required to pay IBM Global and Microsoft per month under the terms of the original acquisition of the software licences by the company, plus a further 10% administration charge; The IBEX subsidiary has the right to require TRGI to buy the Software Licences for an amount equal to the licence fees that remain payable (plus any early repayment amount) to IBM Credit or Microsoft upon 90 days written notice by the IBEX Subsidiary; and TRGI has the right to purchase the software licences for an amount equal to the licence fees that remain payable (plus any early repayment amount) to IBM Credit or Microsoft, plus $1, upon 30 days written notice to the IBEX Subsidiary. The $3.3 million payable to IBM Global will remain as a liability on the company's balance sheet, the payments of which will be satisfied by TRGI. However, there will be no cash cost to the company arising from the execution of the software licences acquisition agreement.

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Recent Private Companies Transactions

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