Exela wins intelligent data processing contract with Large


IRVING, Texas, Jan. 04, 2022 (GLOBE NEWSWIRE) – Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA) today announced that it has been awarded a contract with a leading US-based property insurance company. United. The $ 2 million contract will use Exela’s Intelligent Document Processing (“IDP”). The client hired Exela to help them complete their digital transformation journey by using IDP to digitize tens of millions of legacy files.

“We welcome the opportunity to strengthen our 15+ year relationship and look forward to continuing to accelerate our clients’ digital transformation journey,” said Suresh Yannamani, President of Exela.

To learn more about Exela’s award-winning and industry-leading IDP solution, please visit PluggedIN, Exela’s thought leadership publication.

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About Exela Technologies

Exela Technologies is a leader in Business Process Automation (BPA), leveraging a global footprint and proprietary technology to deliver digital transformation solutions that improve quality, productivity and user experience. final. With decades of experience operating critical processes, Exela serves a growing list of over 4,000 clients in 50 countries, including over 60% of the Fortune® 100. Using core technologies spanning information management , workflow automation and integrated communications, Exela software and services include multisector and departmental solution suites dealing with finance and accounting, human capital management and legal management, as well as industry-specific solutions for banking, healthcare, insurance and the public sector. With cloud-enabled platforms, built on a configurable stack of automation modules, and more than 17,500 employees operating in 23 countries, Exela is rapidly deploying integrated technology and operations as a digital travel partner of end to end.

Forward-looking statements

Certain statements included in this press release are not historical facts but are forward-looking statements for the purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally accompanied by words such as ” can “,” should “,” would “,” plan “,” intend “,” anticipate “,” believe “,” estimate “,” predict “,” potential “,” seem “,” seek “, “continue”, “future”, “will”, “expect”, “prospect” or other similar words, phrases or expressions. These forward-looking statements include statements about 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 “Risk Factors” in Exela’s annual report and other securities-related documents. . In addition, forward-looking statements provide Exela’s expectations, plans or forecasts regarding future events and opinions as of the date of such communication. Exela anticipates that subsequent events and developments will cause Exela’s valuations to change. These forward-looking statements should not be taken as representing Exela’s assessments as of a date subsequent to the date of this press release.

Investor and / or media contacts:

Vincent Kondaveeti
E: [email protected]

Marie beth benjamin
E: [email protected]



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