Exela Technologies Announces Public Sector Contract Win in Germany
IRVING, Texas, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela") (NASDAQ: XELA, XELAP), today announced a new framework contract with a public IT and communications service provider for several German federal states and tax administrations. The 3-year framework agreement enables Exela to deploy its Digital Mail Room (DMR) module as part of its XBP(TM) Global platform and provide mass digitization services estimated at $11 million total contract value based on expected customer volumes and market growth.
"We are pleased to continue offering robust security and flexibility of XBP(TM) Global to this new customer and grow the service with the great potential of the German market," said Vitalie Robu, President of Exela EMEA.
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 60% of the Fortune(R) 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela's software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 17,000 employees operating in 21 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner
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