Exela Technologies Reports Strong SMB User Growth with Over 2x New Sign-ups
July 27 2021 - 7:30AM
Exela Technologies, Inc. (“Exela” or “the Company”)
(NASDAQ: XELA), a global business process automation (BPA)
leader, today announced that its Digital Mailroom (“DMR”) and
DrySign® offerings delivered a record addition of new users in the
second quarter of 2021. DMR and Drysign continued to grow in the
preceding 90 days with DMR delivering a growth rate of 99% in its
SMB customer base and Drysign delivering a growth rate of 144% in
its user base, as compared to the prior period.
“We’re excited to see the accelerating growth in our SMB
solutions and all the positive feedback we are getting across our
user base,” said Exela’s president, Suresh Yannamani. “We are
adding thousands of new users each month to our customer base and
creating a new Exela marketplace.”
During the second quarter, Exela delivered on its plan to launch
its SMB solutions into new geographic markets with the release of
DrySign® in India, and DMR in the UK. The Company continues to
expand its DAG offerings into the SMB market and across the
international markets Exela serves, with DMR rollouts to France and
Germany as the next large markets scheduled for launch in the 3rd
quarter.
Mr. Yannamani concluded, “We have a tremendous growth
opportunity ahead of us, and see multiple channels bearing fruit
with new logos, cross-selling, and geographic expansion. We are
rapidly multiplying our customer base every month, and they are all
experiencing the benefits of digital transformation. We are excited
to leverage our technologies as we continue to roll out additional
SMB products.”
For more Exela news, commentary, and industry
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The information posted on the Company's website and/or via its
social media accounts may be deemed material to investors.
Accordingly, investors, media and others interested in the Company
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in addition to the Company's press releases, SEC filings
and public conference calls and webcasts.
About Exela Technologies
Exela Technologies is a business process automation (BPA)
leader, leveraging a global footprint and proprietary technology to
provide digital transformation solutions enhancing quality,
productivity, and end-user experience. With decades of experience
operating mission-critical processes, Exela serves a
growing roster of more than 4,000 customers throughout 50
countries, including over 60% of the Fortune® 100.
With foundational technologies spanning information management,
workflow automation, and integrated communications, Exela’s
software and services include multi-industry department solution
suites addressing finance and accounting, human capital management,
and legal management, as well as industry-specific solutions for
banking, healthcare, insurance, and public sectors. Through
cloud-enabled platforms, built on a configurable stack of
automation modules, and over 18,300 employees operating in 23
countries, Exela rapidly deploys integrated technology
and operations as an end-to-end digital journey partner.
Forward-Looking Statements
Certain statements included in this press release are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as "may", "should", "would", "plan",
"intend", "anticipate", "believe", "estimate", "predict",
"potential", "seem", "seek", "continue", "future", "will",
"expect", "outlook" or other similar words, phrases or expressions.
These forward-looking statements include statements regarding our
industry, future events, estimated or anticipated future results
and benefits, future opportunities for Exela, and other
statements that are not historical facts. These statements are
based on the current expectations of Exela management and
are not predictions of actual performance. These statements are
subject to a number of risks and uncertainties, including without
limitation those discussed under the heading "Risk Factors"
in Exela's Annual Report and other securities filings. In
addition, forward-looking statements
provide Exela's expectations, plans or forecasts of
future events and views as of the date of this
communication. Exela anticipates that subsequent events
and developments will cause Exela's assessments to
change. These forward-looking statements should not be relied upon
as representing Exela's assessments as of any date
subsequent to the date of this press release.
Investor and/or Media Contacts:
Vincent
KondaveetiE: vincent.kondaveeti@exelatech.com T:
929-620-1849
Mary Beth
BenjaminE: IR@exelatech.com T:
646-277-1216
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