Exela Technologies Expands Contract with Major Consulting Firm
Exela Technologies, Inc. (NASDAQ: XELA, XELAP) announced an expansion of its contract with a major consulting firm to install Intelligent Lockers in their new Mexico location. This follows successful deployments in the US, highlighting the firm’s desire for solutions that accommodate a hybrid workforce. The Intelligent Locker system provides secure storage and delivery options, contributing to the company's Information and Transaction Processing Solutions segment, which reported $874 million in revenue for FY 2021.
- Expansion of contract with a major consulting firm to install Intelligent Lockers in Mexico.
- Intelligent Locker solutions cater to the hybrid workforce, enhancing workplace experiences.
- Significant revenue contribution from Information and Transaction Processing Solutions segment.
- None.
IRVING, Texas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a global business process automation (BPA) leader, announced today that it has expanded a contract with a major consulting firm to implement Exela’s Intelligent Lockers in its new building located in Mexico. With Intelligent Lockers currently set up at the consulting firm’s US locations, Exela will install lockers providing the same workplace experience to the Mexico based staff. The uptake for Exela’s Digital Mailroom (“DMR”) and Intelligent Locker solutions have been a significant value add for the firm in the US.
Exela’s Intelligent Locker solution supports a mobile workforce by providing day storage for personal belongings, secure document exchanges for clients, and delivery for mail and accountable packages. Exela’s Intelligent Lockers help create a seamless experience for the staff in the new building. This contract is part of Exela Enterprise Solutions, providing innovative Work from Anywhere solutions to support the rapidly evolving workplace environment and hybrid workforce. The revenue rolls up to our Information and Transaction Processing Solutions (“ITPS”) accounting segment which generated
“Once the pandemic began, many companies looked for solutions that support remote and onsite workers in a effort to create an optimized workforce. Intelligent Lockers help companies do just that by offering a secure, convenient, and contactless option when it comes to deliveries and employee exchanges. We are excited about this opportunity to show how the future of the workspace will function and are pleased to expand internationally with our long tenured customer,” said Tatiana Koleva, President, Exela Enterprise Solutions
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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
Forward-Looking Statements
Certain 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 Kondaveeti
E: vincent.kondaveeti@exelatech.com
Mary Beth Benjamin
FAQ
What is Exela Technologies' recent contract expansion about?
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