Welcome to our dedicated page for Exela Technologies news (Ticker: XELA), a resource for investors and traders seeking the latest updates and insights on Exela Technologies stock.
Exela Technologies, Inc. (XELA) is frequently in the news as a business process automation and outsourcing company that reports on strategic initiatives, partnerships, contracts, and capital markets developments. Its disclosures emphasize digital transformation, workflow automation, and enterprise information management for customers across banking, healthcare, insurance, manufacturing, and the public sector.
News about Exela often covers financial results and investor communications, including quarterly earnings releases, segment performance for areas such as Information and Transaction Processing Solutions, Healthcare Solutions, and Legal & Loss Prevention Services, as well as conference call announcements for the financial community. These updates provide context on revenue trends, margins, operating results, and the company’s use of non‑GAAP metrics like Adjusted EBITDA.
Another recurring theme in Exela’s news is strategic partnerships and alliances. Recent announcements describe a partnership between its Finance and Accounting Outsourcing business unit and recruitment firm Michael Page to expand Exela’s Center of Excellence using models such as Build‑Operate‑Transfer, captive arrangements, and Business Processes as a Service. Exela has also highlighted a strategic alliance with Aidéo Technologies to integrate AI‑powered autonomous medical coding into its PCH Global healthcare platform, and collaboration through its Reaktr business unit to launch the SecAi AI‑powered cybersecurity service on Oracle Cloud Infrastructure.
Exela’s news flow also includes contract wins and cybersecurity‑related work, such as a disclosed short‑term security breach remediation contract valued at over $35 million, and updates on its breach remediation and cybersecurity offerings under the Reaktr.ai and Rust Consulting brands. In addition, the company issues releases on corporate and capital markets actions, including reminders for annual stockholder meetings, discussion of a potential spin‑off of Exela Technologies BPA, LLC, and announcements regarding its listing status, Nasdaq suspension, and subsequent trading of its securities on the OTC Markets system.
Investors and observers following XELA news can use this page to review how Exela communicates about its operations, partnerships, financial performance, and regulatory and listing developments over time.
Exela Technologies is set to launch a fireside chat on November 30th at 2:00 PM ET. This interactive session will allow investors to submit questions until November 23rd via their dedicated platform. Executive Chairman Par Chadha will address inquiries regarding the company's strategy and future plans. Exela, a leader in business processing automation, serves over 4,000 customers globally and is positioned for significant growth.
Exela Technologies is facing critical scrutiny from significant shareholder X, LLC, who has raised serious concerns regarding the company’s corporate governance and management practices. With over 99% of stock value lost and potential delisting from NASDAQ, shareholders demand immediate action to hold the board accountable. Key issues include financial restatements, substantial stock dilution, a cybersecurity breach, and recent management exits. X, LLC is advocating for urgent board reforms and shareholder representation to preserve value.
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.
Exela Technologies, Inc. (NASDAQ: XELA, XELAP) has been recognized as a ‘Leader’ in Everest Group's inaugural Medical Coding Operations PEAK Matrix® Assessment 2023. This recognition indicates Exela's strong positioning among 22 assessed service providers, highlighting its extensive client base, advanced AI/ML coding tools, and diversified delivery capabilities. As demand for medical coders rises due to talent shortages in healthcare, Exela's innovative solutions have positioned it favorably in the market, reinforcing its commitment to delivering high-quality healthcare services.
Exela Technologies, Inc. (Nasdaq: XELA) announces a definitive merger agreement with CF Acquisition Corp. VIII (Nasdaq: CFFE), valuing its European business, XBP Europe, at an enterprise value of $220 million. The merger aims to optimize payments and enhance digital transformation across Europe. XBP Europe will become XBP Europe Holdings, Inc. and is expected to close in the first half of 2023. The transaction is pending stockholder approval and customary closing conditions. Key strategic goals include expansion in the European payments ecosystem.
Exela Technologies announced an expanded strategic partnership valued at approximately $8 million to enhance its technology and operations solutions within the healthcare sector. This partnership is part of Exela's Healthcare Solutions business, which generated $218 million in revenue in 2021. The deployment of Exela’s PCH Global Cloud Platform aims to enhance consumer engagement and care coordination across various healthcare organizations.
Exela Technologies, Inc. (NASDAQ: XELA, XELAP) has secured a $12 million contract over three years with a leading communications firm in Europe, enhancing its communication services platform. This partnership addresses rising customer demands as Exela aims to facilitate digital transformations. The contract is part of Exela’s ITPS segment, which generated over $874 million in revenue in 2021. Exela has already commenced service delivery, marking a significant step in its growth strategy in the European market.
Exela Technologies (NASDAQ: XELA, XELAP) announced a quarterly dividend of $0.375 per share on its 6.00% Series B Cumulative Perpetual Convertible Preferred Stock. This payment will be made in cash on September 30, 2022, to stockholders of record as of September 20, 2022. With over 17,000 employees and a client base of more than 4,000 across 50 countries, Exela continues to leverage its digital transformation solutions in various industries, including finance and healthcare.
Exela Technologies, Inc. (NASDAQ: XELA, XELAP) announced a partnership with ClearBank to provide connectivity to Pay.UK's interbank Image Clearing System (ICS) using Exela's XBP™ platform. This collaboration will enhance ClearBank's capabilities in cheque processing, allowing it to extend agency banking services to multiple financial institutions. Exela's ITPS line generated $874.2 million in revenue in FY 2021, with XBP being the primary revenue driver. ClearBank's CEO expressed optimism about the partnership's potential for innovation and user experience enhancement.
Exela Technologies has announced the potential formation of a stand-alone publicly listed EMEA business valued at $220 million. This entity will operate independently and generate approximately $200 million in annual revenue. The transaction is subject to a definitive agreement and regulatory approvals, with no guarantee of completion. The capital raised is intended to support growth and corporate purposes for the new entity on Nasdaq, following Exela's previous announcement regarding asset sales exceeding $200 million.