Exela Technologies Signs New Logo
September 20 2022 - 8:00AM
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP),
today announced a contract with a leader in communications across
Europe. Exela will utilize its communication services platform to
meet the growing customer demand along their digital journey. The
initial total contract value (“TCV”) is $12 million over the 3-year
contract and Exela has already begun delivering its solutions. This
new business is part of Exela’s ITPS line of business which
generated over $874 million in revenue in 2021.
“We are pleased to offer a flexible solution to
enable customized solutions for our customer’s end clients in
a rapidly changing business environment. We look forward to further
working with our new customer across Europe as we enable their
digital journey,” said Vitalie Robu, President of Exela EMEA.
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 approximately 17,000 employees operating in
21 countries, Exela rapidly deploys integrated technology
and operations as an end-to-end digital journey partner.
For more Exela news, commentary, and industry
perspectives,
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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
should monitor the Company's website and its social media accounts
in addition to the Company's press releases, SEC filings and public
conference calls and webcasts.
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 BenjaminE: IR@exelatech.com
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