Exela Technologies Reports Continued Strong Growth in DMR and DrySign
October 19 2021 - 8:40AM
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 another strong quarter of new
customers and users respectively in the third quarter of 2021. DMR
expanded its SMB customer base by 71% and DrySign expanded its user
base by 47%, as compared to the prior period.
“We are pleased to see the overall increase in new customers and
users and are excited to see an acceleration in signups as the back
to school season began. In lockstep with user growth, we are on
track to enhance our digital offering with a proprietary remote
notarization module which will not only help onboard DMR customers
faster, but be offered as a standalone solution to anyone wishing
to notarize online,” said Exela’s president, Suresh
Yannamani.
During the third quarter, Exela added new geographies
including DrySign in the UK and Philippines and DMR in France and
Germany. The Company continues to expand its DAG offerings into the
SMB market and across enterprises looking for new solutions due to
the shifting trends in work from anywhere solutions.
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perspectives,
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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. Utilizing
foundational technologies spanning information management, workflow
automation, and integrated communications, Exela’s software and
services include multi-industry, departmental solution suites
addressing finance and accounting, human capital management, and
legal management, as well as industry-specific solutions for
banking, healthcare, insurance, and the public sector. Through
cloud-enabled platforms, built on a configurable stack of
automation modules, and over 18,000 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
Mary Beth Benjamin E: IR@exelatech.com
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