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Exela Technologies

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

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) enabled workflow 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 provider 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.

External links

References

  1. Exela Technologies, Inc. Reports Preliminary Fourth Quarter and Full Year 2020 Results 16 March 2021^
  2. Exela Technologies Inc Company Profile Reuters U.S., retrieved 2018-06-10^
  3. XELA : Summary for Exela Technologies, Inc. - Yahoo Finance retrieved 2018-06-12^
  4. Novitex Merges with SourceHOV to Form Exela Technologies IDC: The premier global market intelligence company, retrieved 2018-06-10^
  5. Quinpario Acquisition closes $2.8 billion merger, launches Exela Technologies www.bizjournals.com, retrieved 2018-06-10^
  6. RBC, Credit Suisse Support Formation of Exela Technologies - ABFJournal www.abfjournal.com, retrieved 2018-06-10^
  7. Peter Bendor-Samuel. Strategy For Building Digital Platforms Forbes, retrieved 2018-06-10^
  8. Exela Technologies Implements Intelligent Lockers at George Washington University Campus GlobeNewswire News Room, retrieved 2018-06-10^
  9. Correspondence Staff. Exela Technologies Acquires Asterion International to Expand in Europe Global Banking & Finance Review, 12 April 2018, retrieved 15 April 2020^
  10. Exela Technologies, Inc. Announces Appointment of Martin Akins to Board of Directors GlobeNewswire News Room, 2019-07-29, retrieved 2019-08-22^
  11. Exela Technologies, Inc. Announces Appointment of Martin Akins to Board of Directors GlobeNewswire News Room, 2019-07-29, retrieved 2019-08-22^
  12. Exela Technologies Completes $40 Million Divestment of SourceHOV Tax as Part of Strategic Plan to Sell Non-Core Business Assets GlobeNewswire News Room, 2020-03-17, retrieved 2020-04-02^
  13. GreenLight Capital Inc - 13F Holdings - David Einhorn - Fintel.io fintel.io, 14 February 2020^