FRANKFURT, Germany, Sept. 20, 2022 (GLOBE NEWSWIRE) — 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(R) 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.
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Source: Exela Technologies, Inc.