Exela Technologies, Inc. (“Exela” or “the Company”)
(NASDAQ: XELA, XELAP), a leader in business processing
automation (“BPA”) announced today that the Company completed the
sale of its high-speed scanner manufacturing and maintenance
business, including the Intelliscan family of products, (“the
Business”) to Imaging Business Machines, LLC (“ibml”). Exela
customers will continue to receive the stellar technology and best
in class solutions as part of the transaction. The Business
generated revenue of $20.5 million in 2022 and is included in the
ITPS reporting segment.
This transaction is part of the strategic initiatives previously
announced. The Company plans to use the incremental liquidity for
general corporate purposes, debt obligations and transactions
expenses.
Under ibml’s ownership, the Business will continue to provide
the complete suite of scanning products and services for our
customers, providing a seamless transition.
Exela will continue to focus on providing the best business
process automation solutions for our customers’ needs.
Additionally, the company will continue to provide its set of Smart
Office solutions, including Smart Lockers.
“We are grateful to our employees who will be joining ibml and
we look forward to working with them as a partner. The transaction
is a win-win for all constituents but most importantly it is a win
for our customers,” noted Executive Chairman, Par Chadha.
“I am pleased to welcome the team from Exela and excited to add
Exela’s high-volume scanner products to ibml’s market-leading
portfolio of solutions,” said Martin Birch, CEO of ibml. “The
additional expertise and offerings will provide our customers with
a more diverse portfolio of best-in-class high volume intelligent
scanning solutions, and the ability to bring greater innovation to
their document intensive business processes.”
For more Exela news, commentary, and industry
perspectives,
visit: https://investors.exelatech.com/
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The information posted on the Company's website and/or via its
social media accounts may be deemed material to investors.
Accordingly, investors, media and others interested in the Company
should monitor the Company's website and its social media accounts
in addition to the Company's press releases, SEC filings
and public conference calls and webcasts.
About ibml
ibml is the world-class market leader in high-volume,
mission-critical intelligent document processing solutions. Through
the power of speed, intelligence and unsurpassed experience, ibml
helps organizations extract valuable information from large volumes
of complex documents and accelerate it for immediate use in
business applications. The world’s largest enterprises in banking,
financial services, insurance, healthcare, government and BPOs rely
on ibml to help overcome their core information management
challenges. With a comprehensive suite of hardware, software, and
services, ibml products can be found in over 80% of the world’s top
mailrooms and in more than 46 countries. For more information,
visit www.ibml.com.
About Exela Technologies
Exela is a business process automation (BPA) leader, leveraging
a global footprint and proprietary technology to provide digital
transformation solutions that improve efficiency, quality, and
productivity. 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® 100. With foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry solution suites addressing finance & accounting,
human capital management, facilities optimization, and legal
management, as well as industry-specific solutions for banking,
healthcare, insurance, and the public sector. Exela is a leader in
workflow automation, attended and unattended cognitive automation,
digital mailrooms, print communications, and payment processing,
with deployments across the globe. Through cloud-enabled platforms,
built on a configurable stack of automation modules, and
approximately 15,000 employees operating in 21 countries, Exela
rapidly deploys integrated technology and operations as an
end-to-end digital journey partner.
Forward-Looking Statements
Certain statements included in this press release are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as "may", "should", "would", "plan",
"intend", "anticipate", "believe", "estimate", "predict",
"potential", "seem", "seek", "continue", "future", "will",
"expect", "outlook" or other similar words, phrases or expressions.
These forward-looking statements include statements regarding our
industry, future events, estimated or anticipated future results
and benefits, future opportunities for Exela, and other
statements that are not historical facts. These statements are
based on the current expectations of Exela management and
are not predictions of actual performance. These statements are
subject to a number of risks and uncertainties, including without
limitation those discussed under the heading "Risk Factors"
in Exela's Annual Report and other securities filings. In
addition, forward-looking statements
provide Exela's expectations, plans or forecasts of
future events and views as of the date of this
communication. Exela anticipates that subsequent events
and developments will cause Exela's assessments to
change. These forward-looking statements should not be relied upon
as representing Exela's assessments as of any date
subsequent to the date of this press release.
Investor and/or Media Contacts:
Vincent KondaveetiE: vincent.kondaveeti@exelatech.com
Mary Beth Benjamin
E: IR@exelatech.com
Exela Technologies (NASDAQ:XELAP)
過去 株価チャート
から 5 2024 まで 6 2024
Exela Technologies (NASDAQ:XELAP)
過去 株価チャート
から 6 2023 まで 6 2024