EXELA TECHNOLOGIES INC - XELA STOCK NEWS

Exela Technologies (NASDAQ: XELA) reported significant growth in its Digital Mailroom (DMR) and DrySign® services, with DMR customer growth at 44% and DrySign user growth soaring to 135% compared to the prior quarter. The company is expanding its DrySign services into France and Germany in Q1 2022. Additionally, Exela launched Remote Online Notarization (RON), further integrating it with DMR and DrySign. President Suresh Yannamani expressed optimism about continued growth trends as remote operations become more prevalent.

Exela Technologies has released its 'End of Year Update – FY2021' on its investor relations website, highlighting key achievements from 2021. The company will provide a comprehensive earnings report in March 2022. Exela serves over 4,000 customers across 50 countries, including more than 60% of the Fortune 100. The firm specializes in business process automation, leveraging proprietary technology to enhance operational efficiency and customer experience.

Exela Technologies (NASDAQ: XELA) has secured a $2 million contract with a prominent US-based property insurance firm to utilize its Intelligent Document Processing (IDP). This partnership aims to assist the client in its digital transformation by digitizing tens of millions of legacy files. Exela's President, Suresh Yannamani, expressed enthusiasm for continuing the long-standing relationship, emphasizing their commitment to accelerating digital journeys. This contract marks a significant step in enhancing Exela's service offerings.

Exela Technologies (NASDAQ: XELA) announced an expansion of its partnership with a major managed care corporation, enhancing PCH Global Cloud services for Medicaid return mail management. The relationship, ongoing since 2014, is valued at over $7 million annually. The expansion aims to improve claims processing and overall efficiency in the healthcare industry, leveraging PCH Global's capabilities for better payment transparency and digital appeals. Exela is committed to investing in advanced data analytics and cloud solutions as part of this initiative.

Exela Technologies has renewed a three-year contract with a leading insurer for its payment processing services, with an expected value of $3.5 million. This contract reaffirms a partnership lasting over 11 years, showcasing Exela's commitment to customer satisfaction and business efficiency. The company’s Transaction Management Services platform, alongside its BPA solutions, is aimed at expediting payments and enhancing customer experience. Despite the challenges posed by the pandemic, Exela remains focused on aiding clients in their digital transformation journeys.

Exela Technologies, Inc. (NASDAQ: XELA) has successfully secured a 4.3-year renewal agreement valued at $69 million with a global Human Capital Management (HCM) services provider. This contract aims to deliver critical unified communication services and includes transactional mailing services intended to support retirement, health benefits, and payroll communications. Exela is committed to enhancing its collaboration with the client, emphasizing a strategic foundation for future global expansion. The company serves over 30 million communications annually, showcasing its significant role in managing client workflows.

Exela Technologies (NASDAQ: XELA) has renewed a 4-year agreement with a global Human Capital Management services provider, valued at $72 million, which includes four months from the previous contract. Exela will continue to deliver essential communication services, facilitating over 30 million communications annually related to retirement, health, payroll, and more. This renewal is seen as a strategic foundation for expanding their global partnership, supporting a broad suite of services from recruitment to payment solutions.

Exela Technologies (NASDAQ: XELA) has secured a contract with Post Office Limited, the UK’s largest provider of transactional banking services, to utilize its ICS technology platform for cheque processing. This partnership reinforces Exela's strategy to develop advanced technologies and provides services to major banks in the UK. The Post Office's vast network of over 11,500 branches positions it as a crucial access point for cash transactions, enhancing Exela's market reach. The collaboration aims to improve cheque processing efficiency for millions of customers utilizing Post Office banking services.

Exela Technologies, Inc. (NASDAQ: XELA) announced the reconvening of its Annual Shareholder’s meeting on December 31, 2021, at 10:00 AM ET after an adjournment due to lack of quorum. The extension aims to allow new shareholders to participate in voting on significant matters. Shareholders of record as of October 20, 2021, can exercise their voting rights via proxy. The company emphasizes the importance of casting votes and provides various methods for shareholders to participate.