Exela Technologies
 | |
| Company type | Public |
|---|---|
| Nasdaq: XELA Russell 2000 Component | |
| Industry | Software, information technology |
| Predecessor | SourceHOV LLC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2 |
| Founded | 2017 |
| Headquarters | Irwing, 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] |
Number of employees | 16,000 |
| Website | www |
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]
Overview
[edit]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 Artificial Intelligence (AI) enabledworkflow automation, digital mail rooms, attended and un-attended cognitive automation, print communications, and payment processing.[7]
In 2024, Exela announced a strategic partnership with Aidéo Technologies, a leading AI platform specializing in autonomous coding for healthcare and a provider of AI-powered medical coding productivity solutions to the revenue cycle management (RCM) industry.
In 2024 the company declared serving 4,000+ customers[8] in more than 50 countries.[5] It has 1,100 onsite client facilities and 150 "delivery centers" in the Americas, Europe and Asia.
In October 2022, Exela Technologies was listed as a Leader in the Everest Group – PEAK Matrix for Medical Coding Operations Assessment 2022".[9] In July 2019, Exela Technologies added Martin Akins to their board of directors.[10]
In July 2019, Exela Technologies added Martin Akins to their board of directors.[11]
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.[12] Greenlight Capital is one of the top investors in Exela Technologies.[13]
As per the latest financial results published in August 2023, the number of employees stood at approximately 16,500.
References
[edit]- ^ "Exela Technologies, Inc. Reports Preliminary Fourth Quarter and Full Year 2020 Results". 16 March 2021.
- ^ "Exela Technologies Inc Company Profile". Reuters U.S. Retrieved 2018-06-10.
- ^ "XELA : Summary for Exela Technologies, Inc. - Yahoo Finance". Retrieved 2018-06-12.
- ^ "Novitex Merges with SourceHOV to Form Exela Technologies". IDC: The premier global market intelligence company. Retrieved 2018-06-10.
- ^ a b "Quinpario Acquisition closes $2.8 billion merger, launches Exela Technologies". www.bizjournals.com. Retrieved 2018-06-10.
- ^ "RBC, Credit Suisse Support Formation of Exela Technologies - ABFJournal". www.abfjournal.com. Retrieved 2018-06-10.
- ^ Bendor-Samuel, Peter. "Strategy For Building Digital Platforms". Forbes. Retrieved 2018-06-10.
- ^ "Exela Technologies Implements Intelligent Lockers at George Washington University Campus". GlobeNewswire News Room. Retrieved 2018-06-10.
- ^ Staff, Correspondence (12 April 2018). "Exela Technologies Acquires Asterion International to Expand in Europe". Global Banking & Finance Review. Retrieved 15 April 2020.
- ^ "Exela Technologies, Inc. Announces Appointment of Martin Akins to Board of Directors". GlobeNewswire News Room (Press release). 2019-07-29. Retrieved 2019-08-22.
- ^ "Exela Technologies, Inc. Announces Appointment of Martin Akins to Board of Directors". GlobeNewswire News Room (Press release). 2019-07-29. Retrieved 2019-08-22.
- ^ "Exela Technologies Completes $40 Million Divestment of SourceHOV Tax as Part of Strategic Plan to Sell Non-Core Business Assets". GlobeNewswire News Room (Press release). 2020-03-17. Retrieved 2020-04-02.
- ^ "GreenLight Capital Inc - 13F Holdings - David Einhorn - Fintel.io". fintel.io. 14 February 2020.