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Foundever

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uuid0007de5

Namestring
Foundever
Legal namestring
Foundever
Websiteurl
foundever.com
Company typeenum
Private
Founded yearint
1994
Descriptiontext

Foundever is a privately held, Luxembourg-headquartered provider of outsourced customer experience (CX) services for global enterprises, governments, and high-growth disruptor brands. Its service portfolio spans customer care, technical support, sales and retention, back-office support, collections, trust and safety, and multilingual support, delivered across 45 countries in 60+ languages by a 130,000+ associate workforce that handles 9M+ customer interactions daily. Revenue is generated primarily through managed-services contracts with enterprises (plus a dedicated motion for fast-growing disruptors requiring 30-day go-live), augmented by subscription and licensing revenue from a technology stack that includes EverGPT Turbo, EverAssist, Unified Agent Desktop, Contact Center as a Service (CCaaS), Intelligent Automation, and CX Analytics.

The technology architecture layers proprietary generative and conversational AI on top of purpose-built contact-center infrastructure, integrating with third-party CX platforms and supported by extensive certifications (ISO 27001, PCI-DSS, HIPAA/HITRUST, SOC 1 & 2, TISAX, GDPR, CSA STAR). The go-to-market is direct enterprise sales organized by vertical (banking, healthcare, insurance, technology, retail, travel, telco, government, manufacturing, media, utilities, crypto/Web3, disruptors) and region (Americas, EMEA, Asia Pacific). Foundever is founder-led (Laurent Uberti, Group CEO & Executive Chairman; Olivier Camino, Chief Strategy Officer), backed by long-term shareholder Creadev, and traces its roots to 1994; it combined with legacy Sitel Group in 2016 and acquired Sykes Enterprises in 2021 to scale to its current Top 3 global CX BPO position with a reported >$2B gap to second-tier competitors.

Short descriptiontext

Foundever is a global, Luxembourg-headquartered CX outsourcing and BPO provider serving 800+ enterprise, government, and high-growth disruptor brands across 45 countries with 130,000+ multilingual associates, augmented by proprietary AI tools (EverGPT Turbo, EverAssist) and deep regulatory certifications.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersMiami, United States
HQ citystring
Miami
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices42 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
customer experience outsourcing, contact center services, business process outsourcing, CX BPO services, AI customer support
Industry5 codes
1General Customer Service & Contact Center Operations
CodeBPAAAAAAPrimaryYes
2Customer Experience (CX) Quality, Training & Workforce Management (WFM)
CodeBPAAAAAJPrimaryNo
3Customer Experience (CX) & Digital Experience
CodeBPAHAEACPrimaryNo
4Customer Experience (CX) & Service Excellence
CodeEDABACABPrimaryNo
5Customer Experience (CX) & Voice-of-Customer Analytics
CodeBPAHALAKPrimaryNo
NAICS code3 codes
  • Telephone Call Centers56142
  • Telemarketing Bureaus and Other Contact Centers561422
  • Custom Computer Programming Services541511
SIC code3 codes
  • Services-Management Consulting Services8742
  • Services-Computer Programming, Data Processing, Etc.7370
  • Services-Telephone Interconnect Systems7385
Product category
Customer Experience (CX) Outsourcing / BPO
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model3 records
1CX Outsourcing and BPO Services
TypeManaged Services
Description

End-to-end customer experience management services including customer care, technical support, sales & retention, back-office support, and collections. Revenue is generated through managed services contracts with global enterprises and growing brands.

foundever.com
2Technology Solutions
TypeSubscription Recurring
Description

AI-powered solutions including conversational AI, generative AI products (EverGPT Turbo, EverAssist), unified agent desktop, and intelligent automation delivered as part of integrated CX packages.

foundever.com
3Rightshoring and Multilingual Services
TypeManaged Services
Description

Strategic delivery location optimization services and multilingual support capabilities enabling brands to scale across 45 countries and 60+ languages.

foundever.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 3 records shown
1MAX by Foundever
Description

My Associate Experience (MAX) is the company's ongoing investment into the Foundever employee experience and people-centric culture.

foundever.com
+2 more records
Core offering1 text field

Foundever delivers outsourced customer experience (CX) services across the voice and digital channels for global brands, including customer care, technical support, sales and retention, back-office support, collections, and trust and safety operations. The company layers proprietary AI capabilities (Conversational AI, Generative AI, Intelligent Automation) and a CCaaS / Unified Agent Desktop stack on top of its 130,000+ agent workforce to run CX operations on behalf of enterprise clients.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 7 values shown
  • Global eNPS average of +50, demonstrating superior employee engagement
+6 more records
Product overview1 text field

Foundever offers a unified CX platform combining core services and AI-powered solutions. The portfolio includes customer care, technical support, sales & retention, back-office support, collections, and trust & safety as core service offerings. AI solutions include Conversational AI, Generative AI (EverGPT Turbo & EverAssist), Intelligent Automation, and CX Analytics. The Unified Agent Desktop serves as the primary interface connecting all capabilities. Delivery operates through 45 countries with 130,000+ associates supporting 60+ languages, enabling 9 million daily customer experiences. The CX Everywhere delivery model supports work-from-anywhere, hybrid, and rightshoring options.

Product and service13 records
1Customer Care
CategoryCustomer Experience Services
2Technical Support
3Sales & Retention
4Back-Office Support
5Collections
6Trust & Safety
7Conversational AI
CategoryAI / CX Technology
8EverGPT Turbo (Generative AI)
9EverAssist
10Unified Agent Desktop
11CCaaS (Contact Center as a Service)
12Intelligent Automation
13CX Analytics
Scale indicator10 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2011-01-01
Description

Foundever is a member of the UN Global Compact since 2011, committing to aligning operations with universal principles on human rights, labor, environment and anti-corruption.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Foundever achieved SBTi validation for near-term climate targets including 54.6% scope 1&2 emission reduction by 2033 and net-zero commitment by 2050.

Strategic tierMinorTypeStrategic or Co-development Partner
Description

Member of industry alliance committed to responsible business practices in global supply chains.

4SEDEX
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Member of supplier ethics data exchange platform for responsible sourcing and ethical labor practices.

foundever.com
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Analyst partnership providing industry research and recognition. Michael DeSalles, Principal Analyst at Frost & Sullivan, provides endorsement of Foundever's security practices and industry alignment.

Recent move10 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Digital-first CX outsourcing and trust & safety provider, particularly strong with digital-native and disruptor clients — closely mirrors Foundever's disruptor vertical and content moderation/trust & safety services.

TypeDirect peer
Description

Top-tier global CX outsourcing and customer experience solutions company with comparable scale, vertical coverage (banking, healthcare, tech, retail), and a public financial profile that gives it M&A firepower similar to Foundever.

TypeBroad incumbent
Description

Large public business services and digital transformation firm with a meaningful CX practice; broader than Foundever in scope (finance & accounting, supply chain) but directly overlaps on enterprise CX outsourcing engagements.

TypeBroad incumbent
Description

Public business process services company with customer experience, healthcare, and government service lines — overlaps with Foundever's CX outsourcing and government vertical, though its portfolio extends well beyond CX.

TypeDirect peer
Description

Private global CX and digital transformation BPO with comparable multilingual delivery, AI-augmented operations, and vertical focus in healthcare, banking, and communications — direct competitor for enterprise CX RFPs.

TypeDirect peer
Description

Largest global CX/BPO provider headquartered in France, competing head-to-head with Foundever across enterprise outsourcing, multilingual CX, and digital services. Teleperformance is the Top 1 player Foundever benchmarks against.

TypeDirect peer
Description

Canadian-headquartered digital CX and AI-enabled customer experience provider serving enterprise clients globally, with overlapping capabilities in multilingual support, trust & safety, and content moderation.

TypeDirect peer
Description

Smaller but directly competitive CX BPO with omnichannel customer experience and digital transformation services, particularly relevant as a mid-tier competitor for Foundever's disruptor and mid-market segments.

TypeDirect peer
Description

Privately held CX BPO focused on customer care, technical support, and collections — directly competing with Foundever in mid-market and enterprise outsourcing deals across multiple verticals.

TypeDirect peer
Description

Public US-listed CX and digital customer engagement provider serving enterprise clients across BPO, AI-enabled CX, and contact-center technology — directly overlapping Foundever's managed services and CCaaS offerings.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers12 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment13 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability13 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature9 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries3 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance28 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Foundever

Customer Experience (CX) Outsourcing / BPOfoundever.com

Foundever is a global, Luxembourg-headquartered CX outsourcing and BPO provider serving 800+ enterprise, government, and high-growth disruptor brands across 45 countries with 130,000+ multilingual associates, augmented by proprietary AI tools (EverGPT Turbo, EverAssist) and deep regulatory certifications.

What Foundever does

Foundever is a privately held, Luxembourg-headquartered provider of outsourced customer experience (CX) services for global enterprises, governments, and high-growth disruptor brands. Its service portfolio spans customer care, technical support, sales and retention, back-office support, collections, trust and safety, and multilingual support, delivered across 45 countries in 60+ languages by a 130,000+ associate workforce that handles 9M+ customer interactions daily. Revenue is generated primarily through managed-services contracts with enterprises (plus a dedicated motion for fast-growing disruptors requiring 30-day go-live), augmented by subscription and licensing revenue from a technology stack that includes EverGPT Turbo, EverAssist, Unified Agent Desktop, Contact Center as a Service (CCaaS), Intelligent Automation, and CX Analytics.

The technology architecture layers proprietary generative and conversational AI on top of purpose-built contact-center infrastructure, integrating with third-party CX platforms and supported by extensive certifications (ISO 27001, PCI-DSS, HIPAA/HITRUST, SOC 1 & 2, TISAX, GDPR, CSA STAR). The go-to-market is direct enterprise sales organized by vertical (banking, healthcare, insurance, technology, retail, travel, telco, government, manufacturing, media, utilities, crypto/Web3, disruptors) and region (Americas, EMEA, Asia Pacific). Foundever is founder-led (Laurent Uberti, Group CEO & Executive Chairman; Olivier Camino, Chief Strategy Officer), backed by long-term shareholder Creadev, and traces its roots to 1994; it combined with legacy Sitel Group in 2016 and acquired Sykes Enterprises in 2021 to scale to its current Top 3 global CX BPO position with a reported >$2B gap to second-tier competitors.

Foundever firmographics

Firmographics
Name
Foundever
Legal name
Foundever
Website
https://foundever.com
Company type
Private
Founded year
1994
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Foundever is a global, Luxembourg-headquartered CX outsourcing and BPO provider serving 800+ enterprise, government, and high-growth disruptor brands across 45 countries with 130,000+ multilingual associates, augmented by proprietary AI tools (EverGPT Turbo, EverAssist) and deep regulatory certifications.
Ownership category
akta.pro rank

Foundever industry classification

Industry
Product category
Customer Experience (CX) Outsourcing / BPO
NAICS
Telephone Call Centers (56142), Telemarketing Bureaus and Other Contact Centers (561422), Custom Computer Programming Services (541511)
SIC
Services-Management Consulting Services (8742), Services-Computer Programming, Data Processing, Etc. (7370), Services-Telephone Interconnect Systems (7385)
akta.pro primary industry
General Customer Service & Contact Center Operations (BPAAAAAA)
akta.pro secondary industries
Customer Experience (CX) Quality, Training & Workforce Management (WFM) (BPAAAAAJ), Customer Experience (CX) & Digital Experience (BPAHAEAC), Customer Experience (CX) & Service Excellence (EDABACAB), Customer Experience (CX) & Voice-of-Customer Analytics (BPAHALAK)

Keywords

  • Customer experience outsourcing
  • Contact center services
  • Business process outsourcing
  • CX BPO services
  • AI customer support

Where Foundever is headquartered

Location

Headquarters

HQ city
Miami
HQ country
United States
HQ region
North America

Offices42 records

Markets served

Foundever business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. CX Outsourcing and BPO Services: End-to-end customer experience management services including customer care, technical support, sales & retention, back-office support, and collections. Revenue is generated through managed services contracts with global enterprises and growing brands.
  2. Technology Solutions: AI-powered solutions including conversational AI, generative AI products (EverGPT Turbo, EverAssist), unified agent desktop, and intelligent automation delivered as part of integrated CX packages.
  3. Rightshoring and Multilingual Services: Strategic delivery location optimization services and multilingual support capabilities enabling brands to scale across 45 countries and 60+ languages.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Foundever product offering

Product offering

Core offering

Foundever delivers outsourced customer experience (CX) services across the voice and digital channels for global brands, including customer care, technical support, sales and retention, back-office support, collections, and trust and safety operations. The company layers proprietary AI capabilities (Conversational AI, Generative AI, Intelligent Automation) and a CCaaS / Unified Agent Desktop stack on top of its 130,000+ agent workforce to run CX operations on behalf of enterprise clients.

Product overview

Foundever offers a unified CX platform combining core services and AI-powered solutions. The portfolio includes customer care, technical support, sales & retention, back-office support, collections, and trust & safety as core service offerings. AI solutions include Conversational AI, Generative AI (EverGPT Turbo & EverAssist), Intelligent Automation, and CX Analytics. The Unified Agent Desktop serves as the primary interface connecting all capabilities. Delivery operates through 45 countries with 130,000+ associates supporting 60+ languages, enabling 9 million daily customer experiences. The CX Everywhere delivery model supports work-from-anywhere, hybrid, and rightshoring options.

Differentiator

Problem solved

Functional benefit

Brands

  • MAX by Foundever: My Associate Experience (MAX) is the company's ongoing investment into the Foundever employee experience and people-centric culture.
  • EverBetter
  • Conversation at HeART

Products and services

  • Customer Care
  • Technical Support
  • Sales & Retention
  • Back-Office Support
  • Collections
  • Trust & Safety
  • Conversational AI
  • EverGPT Turbo (Generative AI)
  • EverAssist
  • Unified Agent Desktop
  • CCaaS (Contact Center as a Service)
  • Intelligent Automation
  • CX Analytics

Quantifiable outcome

  • Global eNPS average of +50, demonstrating superior employee engagement
  • +6 more outcomes

Companies that use Foundever

Customer profile

Named customers12 records

Segments13 records

Ideal customer profiles2 records

Foundever technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability13 records

Feature9 records

Foundever partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

  • UN Global CompactcoreStrategic or Co-development Partner · 1 January 2011Foundever is a member of the UN Global Compact since 2011, committing to aligning operations with universal principles on human rights, labor, environment and anti-corruption.
  • Science Based Targets initiative (SBTi)coreStrategic or Co-development PartnerFoundever achieved SBTi validation for near-term climate targets including 54.6% scope 1&2 emission reduction by 2033 and net-zero commitment by 2050.
  • Responsible Business AllianceminorStrategic or Co-development PartnerMember of industry alliance committed to responsible business practices in global supply chains.
  • SEDEXminorStrategic or Co-development PartnerMember of supplier ethics data exchange platform for responsible sourcing and ethical labor practices.
  • Frost & SullivanminorStrategic or Co-development PartnerAnalyst partnership providing industry research and recognition. Michael DeSalles, Principal Analyst at Frost & Sullivan, provides endorsement of Foundever's security practices and industry alignment.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Foundever competitors and assessment

Company assessment

Direct peers

  • TaskUs: Digital-first CX outsourcing and trust & safety provider, particularly strong with digital-native and disruptor clients — closely mirrors Foundever's disruptor vertical and content moderation/trust & safety services.
  • Concentrix: Top-tier global CX outsourcing and customer experience solutions company with comparable scale, vertical coverage (banking, healthcare, tech, retail), and a public financial profile that gives it M&A firepower similar to Foundever.
  • Sutherland Global Services: Private global CX and digital transformation BPO with comparable multilingual delivery, AI-augmented operations, and vertical focus in healthcare, banking, and communications — direct competitor for enterprise CX RFPs.
  • Teleperformance: Largest global CX/BPO provider headquartered in France, competing head-to-head with Foundever across enterprise outsourcing, multilingual CX, and digital services. Teleperformance is the Top 1 player Foundever benchmarks against.
  • TELUS Digital (formerly TELUS International): Canadian-headquartered digital CX and AI-enabled customer experience provider serving enterprise clients globally, with overlapping capabilities in multilingual support, trust & safety, and content moderation.
  • StarTek: Smaller but directly competitive CX BPO with omnichannel customer experience and digital transformation services, particularly relevant as a mid-tier competitor for Foundever's disruptor and mid-market segments.
  • iQor: Privately held CX BPO focused on customer care, technical support, and collections — directly competing with Foundever in mid-market and enterprise outsourcing deals across multiple verticals.
  • TTEC Holdings: Public US-listed CX and digital customer engagement provider serving enterprise clients across BPO, AI-enabled CX, and contact-center technology — directly overlapping Foundever's managed services and CCaaS offerings.

Broad incumbents

  • Genpact: Large public business services and digital transformation firm with a meaningful CX practice; broader than Foundever in scope (finance & accounting, supply chain) but directly overlaps on enterprise CX outsourcing engagements.
  • Conduent: Public business process services company with customer experience, healthcare, and government service lines — overlaps with Foundever's CX outsourcing and government vertical, though its portfolio extends well beyond CX.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Foundever social profiles

Digital presence

Foundever compliance and trust

Trust signal

Compliance28 records

Foundever financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Foundever leadership team

Management profile

Number of profiles

Profiles2 records

Foundever subsidiaries and ownership

Company hierarchy

Subsidiaries3 records

Foundever funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Foundever M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foundever

What does Foundever do?

Foundever delivers outsourced customer experience (CX) services across the voice and digital channels for global brands, including customer care, technical support, sales and retention, back-office support, collections, and trust and safety operations. The company layers proprietary AI capabilities (Conversational AI, Generative AI, Intelligent Automation) and a CCaaS / Unified Agent Desktop stack on top of its 130,000+ agent workforce to run CX operations on behalf of enterprise clients.

Is Foundever a public or private company?

Foundever is a private company. It is classified as venture growth investor backed and is currently operating.

When was Foundever founded?

Foundever was founded in 1994. It employs 5,001 to 10,000 people.

Where is Foundever based?

Foundever is headquartered in Miami, United States, in the North America region.

How does Foundever make money?

Three revenue lines are on record. CX Outsourcing and BPO Services are the primary driver. The others are technology Solutions and rightshoring and Multilingual Services.

Who are Foundever's main competitors?

Direct peers on record are TaskUs, Concentrix, Sutherland Global Services, Teleperformance, TELUS Digital (formerly TELUS International), StarTek, iQor and TTEC Holdings. Broad incumbents are Genpact and Conduent.

Does Foundever have an API?

No public API is recorded for Foundever.

What industry is Foundever in?

Foundever's product category is Customer Experience (CX) Outsourcing / BPO. Its primary akta.pro industry code is BPAAAAAA, General Customer Service & Contact Center Operations, with a secondary code of BPAAAAAJ, Customer Experience (CX) Quality, Training & Workforce Management (WFM). Its NAICS code is 56142 and its SIC code is 8742.

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Live signals
FinextraCX specialist Foundever promotes banking innovation veteran Claire CalméjaneClaire Calméjane, a former Lloyds and Société Générale innovation executive, was promoted to EVP, general manager for UKI, France & Benelux and global Emea sales at Foundever. She joined last year as general manager for the French market. Foundever powers CX management for over 800 digital-first brands.PitchBookLeveraged loan default rate dips further to 0.87%; distress ratio easesThe Morningstar LSTA US Leveraged Loan Index payment default rate fell to 0.87% by amount and 1.17% by count in August, with two issuers rolling off the list. The distress ratio eased 39 basis points to 6.50% on broader bid rebound, though it remains elevated. The dual-track default rate by count rose one basis point to 2.88%.Business Wire BlogFoundever Successfully Closes a Holistic Recapitalization, Reducing its Debt by Nearly $900 Million and Strengthening its Financial Position for Long-Term GrowthFoundever Group S.A. announced it closed a recapitalization backed by 95.4% of its term loan lenders, 100% of its revolving credit facility lenders and its majority shareholders, including a $225 million equity investment. The deal cuts debt by nearly $900 million, extends the revolving credit facility to December 2030 and the term loan to March 2031, and adds a $225 million receivable financing facility. Interim CEO Benoit Leclercq replaced Laurent Uberti and Olivier Camino, with a permanent CEO search underway.Pulse 2.0Foundever Cuts Debt By Nearly $900 Million, Secures $225 Million Equity Infusion, And Names Interim CEOFoundever completed a recapitalization that reduced its debt by nearly $900 million and secured a $225 million equity infusion from existing majority shareholders, while extending major debt maturities. The company also appointed Benoit Leclercq as Interim CEO following the departure of Laurent Uberti and Olivier Camino. Foundever intends to use the strengthened capital structure to invest in AI technology and expand its global network.FoundeverFoundever Successfully Closes a Holistic Recapitalization, Reducing its Debt by Nearly $900 Million and Strengthening its Financial Position for Long-Term GrowthFoundever closed a holistic recapitalization, reducing debt by nearly $900 million and securing a $225 million equity infusion. The company extended its revolving credit facility and term loan maturities, and appointed Benoit Leclercq as interim CEO, beginning a formal search for a permanent CEO.FoundeverU.S. telecoms provider surpasses its customer retention targets in just five monthsFoundever, a customer experience outsourcing company, ran a proactive retention pilot for an undisclosed U.S. telecommunications provider, investing upfront in training and deploying 20 agents sourced from existing operations to address the client's customer retention challenges. Within five months, the team exceeded all key performance targets, achieving a 70% saves rate (target: 65%), 92% three-day first contact resolution (target: 85%), and 89% service level (target: 80%), while growing from 20 to 70 FTEs. The partnership is now expanding into Spanish-language markets and new geographies, with discussions underway to adopt outcome-based models with predictive retention analytics.OctusFoundever Launches LME With Sponsor Contributing New Money to Maintain Majority Equity; Lenders to Receive Paydown, Takeback Paper, 35% EquityFoundever, a privately held call center operator, has launched a liability management exercise featuring a $225 million new-money injection from the Mulliez family, which will preserve their close to 40% equity stake in the company. The transaction is expected to deliver $900 million in debt reduction, lowering gross leverage by 2.5 times, with consenting lenders receiving a 10% paydown and a 35% equity stake by the July 24 deadline. Founders Laurent Uberti and Olivier Camino are departing on July 24, with strategy committee chairman Benoit Leclercq stepping in as interim CEO, while the company works to renew its revolving credit facility amid declining Q1 2026 EBITDA of $85 million.BloombergFoundever Strikes Deal With Creditors to Cut Debt Load - BloombergFoundever Group, a troubled business services company, has reached an agreement with creditors to reduce its multi-billion dollar debt load, with the controlling shareholder injecting fresh capital and installing new management. Participating lenders will take a haircut on their holdings in exchange for approximately 35% equity in the restructured entity and a $250 million cash paydown. The deal represents a significant restructuring effort for the company to address its financial distress.Global NewsNew Brunswick vows improvements to virtual care after criticism of new provider - New BrunswickNew Brunswick's Health Minister John Dornan announced improvements to the province's virtual healthcare system after patients reported difficulties obtaining prescription renewals following the June 30 transition to private provider Foundever. The minister acknowledged that renewal request volumes exceeded projections because the previous provider eVisitNB failed to share relevant data, and cited a new feature allowing direct online renewal requests as a key fix. Dornan took responsibility for previously claiming the transition would be seamless while affirming his trust in Foundever.Talk Business & PoliticsFoundever plans to add more than 200 jobs in Fort SmithFoundever announced plans to hire over 200 people at its Fort Smith call center, including bilingual customer service roles. Starting pay is $17 per hour, with bilingual workers earning $19, and the hiring runs through Aug. 9. The new jobs could add up to $8 million in annual payroll to the Fort Smith metro economy.