Exela Technologies Inc. | |
Type: | Public |
Traded As: | NASDAQ: Russell 2000 Component |
Industry: | Software, information technology |
Predecessor: | SourceHOV LLC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2 |
Foundation: | 2017 |
Location: | Irwing, Texas |
Location City: | Irving, Texas |
Key People: | Suresh Yannamani (Chief Executive Officer of Exela Technologies BPA LLC) |
Products: | PCH Global, XBP, TTY |
Services: | enterprise information management, transaction processing services, business process automation |
Revenue: | $1,292.6 Million (2020)[1] |
Num Employees: | 16,000 |
Location Country: | United States |
Exela Technologies, Inc. is an American 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]
Exela’s software and services address finance & accounting, human capital management, and legal management, as well as banking, healthcare, insurance, and public sectors.
Exela Technology services include workflow automation, digital mail rooms, attended and un-attended cognitive automation, print communications, and payment processing.[7]
In 2022 the company declared serving 4,000+ customers[8] in more than 50 countries. It has 1,100 onsite client facilities and 150 "delivery centers" in the Americas, Europe and Asian continent.[9] [10]
In October 2022, Exela Technologies was listed as a Leader in the Everest Group – PEAK Matrix for Medical Coding Operations Assessment 2022".[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]
As per the latest financial results published in August 2023, the number of employees stood at approximately 16,500.