Exela Technologies

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Exela Technologies
TypePublic
Nasdaq: XELA
Russell 2000 Component
IndustrySoftware, information technology
PredecessorSourceHOV LLC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2
Founded2017
Headquarters
Irving, Texas
,
United States
Servicesenterprise information management, transaction processing services, business process automation
RevenueIncrease$1,292.6 Million (2020)[1]
Number of employees
22,000
Websitewww.exelatech.com

Exela Technologies, Inc. is a global business process automation ("BPA") company.[2] It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.[3][4][5][6]

Overview[]

Exela services include workflow automation, digital mail rooms, attended and un-attended cognitive automation, print communications, and payment processing.[7]

In 2018 the company declared serving 3500 customers[8] in more than 50 countries.[5] It has 1,100 onsite client facilities and 150 "delivery centers" in the Americas, Europe and Asian continent.[9][10]

In June 2018, Exela Technologies was listed as a major contender in the Everest Group – Know your customer-Anti Money Laundering (KYC-AML) BPO – State of the Market with PEAK Matrix Assessment 2018".[11]

In July 2019, Exela Technologies added Martin Akins to their Board of Directors.[12]

In March 2020, Exela completed the divestment of SourceHOV Tax, the company's tax consulting group, for $40 million to Private Equity firm Gainline Capital Partners.[13] Greenlight Capital is one of the top investors in Exela Technologies.[14]

References[]

  1. ^ "Exela Technologies, Inc. Reports Preliminary Fourth Quarter and Full Year 2020 Results". 16 March 2021.
  2. ^ Reuters Editorial. "Exela Technologies Inc Company Profile". Reuters U.S. Retrieved 2018-06-10.
  3. ^ "XELA : Summary for Exela Technologies, Inc. - Yahoo Finance". Retrieved 2018-06-12.
  4. ^ "Novitex Merges with SourceHOV to Form Exela Technologies". IDC: The premier global market intelligence company. Retrieved 2018-06-10.
  5. ^ a b "Quinpario Acquisition closes $2.8 billion merger, launches Exela Technologies". www.bizjournals.com. Retrieved 2018-06-10.
  6. ^ "RBC, Credit Suisse Support Formation of Exela Technologies - ABFJournal". www.abfjournal.com. Retrieved 2018-06-10.
  7. ^ Bendor-Samuel, Peter. "Strategy For Building Digital Platforms". Forbes. Retrieved 2018-06-10.
  8. ^ Inc., Exela Technologies. "Exela Technologies Implements Intelligent Lockers at George Washington University Campus". GlobeNewswire News Room. Retrieved 2018-06-10.
  9. ^ "Exela Technologies, Inc. (Nasdaq: XELA) to Ring The Nasdaq Stock Market Opening Bell (NASDAQ:NDAQ)". ir.nasdaq.com. Retrieved 2018-06-11.
  10. ^ "Exela Technologies, Inc. (NASDAQ:XELA) To Report Earnings - UK Market News". UK Market News. 2018-03-15. Retrieved 2018-06-11.
  11. ^ Staff, Correspondence. "Exela Technologies Acquires Asterion International to Expand in Europe". Global Banking & Finance Review. Retrieved 15 April 2020.
  12. ^ Inc, Exela Technologies (2019-07-29). "Exela Technologies, Inc. Announces Appointment of Martin Akins to Board of Directors". GlobeNewswire News Room. Retrieved 2019-08-22.
  13. ^ Inc, Exela Technologies (2020-03-17). "Exela Technologies Completes $40 Million Divestment of SourceHOV Tax as Part of Strategic Plan to Sell Non-Core Business Assets". GlobeNewswire News Room. Retrieved 2020-04-02.
  14. ^ 13G/A, Exela Technologies (14 February 2020). "GreenLight Capital Inc - 13F Holdings - David Einhorn - Fintel.io". fintel.io.

External links[]

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