Exela Technologies, Inc. is an American

business process automation Business process automation (BPA), also known as business automation or digital transformation, is the technology-enabled automation of complex business processes. It can streamline a business for simplicity, achieve digital transformation, increa ...

("BPA") company. It was created with the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.

Overview

Exela’s software and services include multi-industry department solution suites addressing finance & accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and public sectors. Exela Technology services include

workflow automation A workflow consists of an orchestrated and repeatable pattern of activity, enabled by the systematic organization of resources into processes that transform materials, provide services, or process information. It can be depicted as a sequence of ...

, digital mail rooms, attended and un-attended cognitive automation, print communications, and payment processing. In 2018 the company declared serving 3,500 customers in more than 50 countries. It has 1,100 onsite client facilities and 150 "delivery centers" in the

Americas The Americas, which are sometimes collectively called America, are a landmass comprising the totality of North and South America. The Americas make up most of the land in Earth's Western Hemisphere and comprise the New World. Along with th ...

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

and Asian continent. In June 2018, Exela Technologies was listed as a major contender in the Everest Group – "

Know your customer Know Your Customer (KYC) guidelines in financial services require that professionals make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship. The procedures fit within the broader scope of a ...

-Anti Money Laundering (KYC-AML) BPO – State of the Market with PEAK Matrix Assessment 2018". In July 2019, Exela Technologies added Martin Akins to their board of directors. 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.

Greenlight Capital Greenlight Capital is a hedge fund founded in 1996 by David Einhorn (hedge fund manager), David Einhorn. Greenlight invests primarily in publicly traded North American corporate debt offerings and equities. Greenlight is most notable for its sho ...

is one of the top investors in Exela Technologies. As per the latest financial results published in August 2022, the number of employees stood at approximately 17,500.

References

{{Reflist

External links

Official website

Exela Technologies Inc. XELA (U.S.: Nasdaq) at

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

Exela Technologies Inc. XELA (U.S.: Nasdaq) at

CNN Money CNN Business (formerly CNN Money) is a financial news and information website, operated by CNN. The website was originally formed as a joint venture between CNN.com and Time Warner's ''Fortune'' and ''Money'' magazines. Since the spin-off of Time ...

Exela Technologies Inc. XELA (U.S.: Nasdaq) at

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

Software companies based in Texas Multinational companies Business services companies established in 2017 Software companies established in 2017 2017 establishments in Texas Software companies of the United States