Exela Technologies Continues to Sign New Logos for XBP
April 13 2022 - 8:00AM
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) today announced a
new customer and contract worth $6.8 million over the next three
years.
Exela’s Exchange for Bills and Payments (“XBP”), the largest
revenue contributor in the ITPS accounting segment, continues to
sign new logos. This integrated solution utilizes several of
Exela’s platforms including payment processing (TMS), collaborative
work flow (ExelaBeats) and digital mailroom (DMR) delivering a
bespoke solution used by our knowledge workers and by our newly
acquired customer.
“We are pleased to see the momentum in XBP across various use
cases,” said Lakshmi Narayanan SVP, Bills and Payments, Americas.
“New customers are seeing the benefits of our customizable, easy to
implement solutions and we look forward to further traction.”
Exela is a leader in bills and payment processing
with more than thirty years of experience handling complex problems
and delivering simplicity. XBP liquidity solutions allow
billers, consumers and businesses to communicate and
transact. Offering a complete solution to its
customers, Exela enables improved control, insights and
analytics globally in over 50 countries.
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About Exela TechnologiesExela 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 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 17,000 employees
operating in 23 countries, Exela rapidly deploys
integrated technology and operations as an end-to-end digital
journey partner.
Forward-Looking StatementsCertain 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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