DUBLIN, Ireland, June 07, 2022 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), today announced a 5-year renewal with a leading Irish bank. The renewal augments an existing XBP relationship which is part of the ITPS segment. While Exela remains a leading provider of cheque processing to the Irish banking sector, the renewal enables the bank to embrace the entire XBP suite including robust liquidity solutions, improved communication with clients and faster transaction processing. The Total Contract Value is $19 million.
“We are proud to expand our XBP penetration and renew with this leading bank. Ireland has been a strategic focus for us and we continue to invest in the region and consider it to be a blueprint for other European countries,” 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® 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 23 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner
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