Exela Technologies Announces Estimated $48M TCV Win
28 Abril 2023 - 9:30AM
Exela Technologies, Inc. (“Exela” or “the Company”)
(NASDAQ: XELA, XELAP), a leader in business processing
automation (“BPA“), today announced that it has won a contract with
a large infrastructure operator in Europe. The 5-year project has
an estimated $48 million total contract value (“TCV”). The expected
contract revenue will contribute to the ITPS accounting segment
which generated $847 million of revenue in 2022. The implementation
is set to begin imminently.
Exela is set to deploy highly secure solutions from its Digital
Assets Group with this customer, primarily DMR, which includes
AI-led hyper automation, recognition, archiving and other
industry-leading features meeting the highest level of regulatory
compliance and certification.
“This win is a prime example of our industry-leading, award
winning solutions, which enable our customers’ digital
transformation journeys. We are pleased that we were selected and
look forward to meeting our customer’s needs,” said Vitalie
Robu, President Exela EMEA.
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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.About Exela
TechnologiesExela is a business process automation (BPA) leader,
leveraging a global footprint and proprietary technology to provide
digital transformation solutions that improve efficiency, quality,
and productivity. 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. With foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry solution suites addressing finance & accounting,
human capital management, facilities optimization, and legal
management, as well as industry-specific solutions for banking,
healthcare, insurance, and the public sector. Exela is a leader in
workflow automation, attended and unattended cognitive automation,
digital mailrooms, print communications, and payment processing,
with deployments across the globe. Through cloud-enabled platforms,
built on a configurable stack of automation modules, and
approximately 16,000 employees operating in 21 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
Exela Technologies (NASDAQ:XELA)
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