Exela Signs with Europe’s Largest Financial Enterprise in Multi-Year Deal
April 28 2022 - 8:07AM
Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) has signed a
multi-year license deal with Finanz Informatik (“FI”), the IT
service provider of the Savings Banks Finance Group, a financial
institution with approximately $3.5 trillion in assets, 300,000
employees and 67 million customers. Since 2006, Exela has been
helping FI on its digital journey primarily with their Core Banking
System, OS Plus.
The latest project will enable a standard, comprehensive end to
end solution replacing many of the local solutions developed over
the years. Exela will introduce Digital Mailroom and the AI-based
distribution and process control will be carried out by Plexus
CaseVision. The project is valued at a TCV of several million USD
over the next few years.
“FI is one of the most important leaders in IT banking
infrastructure and its commitment to implement Exela’s holistic
solution embracing AI is a testament to our technology and service
capability. We are proud that FI chose to partner with us,” said
Vitalie Robu, President of Exela, EMEA.
About FIFinanz Informatik Technologie Service
is an innovative IT Partner for the financial sector and supports
both public and private banks, insurance companies and finance
service providers with standardized outsourcing services. The
company has had a firmly entrenched position in the banking sector
market for many years and also provides an attractive IT-Offer for
the insurance sector.
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 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 17,000 employees
operating in 23 countries, Exela rapidly deploys
integrated technology and operations as an end-to-end digital
journey partner.
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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.comMary
Beth BenjaminE: IR@exelatech.com
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