Exela Technologies Expands Contract with Major Consulting Firm
November 01 2022 - 8:45AM
Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA,
XELAP), a global business process automation (BPA) leader,
announced today that it has expanded a contract with a major
consulting firm to implement Exela’s Intelligent Lockers in its new
building located in Mexico. With Intelligent Lockers currently set
up at the consulting firm’s US locations, Exela will install
lockers providing the same workplace experience to the Mexico based
staff. The uptake for Exela’s Digital Mailroom (“DMR”) and
Intelligent Locker solutions have been a significant value add for
the firm in the US.
Exela’s Intelligent Locker solution supports a mobile workforce
by providing day storage for personal belongings, secure document
exchanges for clients, and delivery for mail and accountable
packages. Exela’s Intelligent Lockers help create a seamless
experience for the staff in the new building. This contract is part
of Exela Enterprise Solutions, providing innovative Work from
Anywhere solutions to support the rapidly evolving workplace
environment and hybrid workforce. The revenue rolls up to our
Information and Transaction Processing Solutions (“ITPS”)
accounting segment which generated $874 million in revenue in FY
2021.
“Once the pandemic began, many companies looked for solutions
that support remote and onsite workers in a effort to create an
optimized workforce. Intelligent Lockers help companies do just
that by offering a secure, convenient, and contactless option when
it comes to deliveries and employee exchanges. We are excited about
this opportunity to show how the future of the workspace will
function and are pleased to expand internationally with our long
tenured customer,” said Tatiana Koleva, President, Exela Enterprise
Solutions
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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 approximately 17,000 employees operating in
21 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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