Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a leader in business processing automation (“BPA”), today announced that it has won a contract with a large infrastructure operator in Europe. The 5-year project has an estimated $48 million total contract value (“TCV”). The expected contract revenue will contribute to the ITPS accounting segment which generated $847 million of revenue in 2022. The implementation is set to begin imminently.
Exela is set to deploy highly secure solutions from its Digital Assets Group with this customer, primarily DMR, which includes AI-led hyper automation, recognition, archiving and other industry-leading features meeting the highest level of regulatory compliance and certification.
“This win is a prime example of our industry-leading, award winning solutions, which enable our customers’ digital transformation journeys. We are pleased that we were selected and look forward to meeting our customer’s needs,” said Vitalie Robu, President Exela EMEA.
