Exela Technologies Secures XBP Contract Totaling $136 Million
IRVING, Texas, June 22, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP) today announced a new customer win of $136 million in total contract value (“TCV”) over three years bringing the year-to-date XBP TCV wins to $175 million.
Exela’s Exchange for Bills and Payments (“XBP”), the largest revenue contributor of the $874.2 million ITPS accounting segment for FY 2021, continues to sign new logos including 5 new XBP logos in 2022. This integrated solution utilizes several of Exela’s platforms including TMS® for payment processing, its collaborative Beats® workflow and digital mailroom (“DMR”) delivering a bespoke digital solution used by Exela’s knowledge workers and its customers.
“This win highlights our scalable, referenceable XBP platforms effectiveness for rapid deployment for our customers. We are excited by the positive reception for our market-ready solutions that leverages our extensive experience in the payment space”, noted Lakshmi Narayanan Chandramohan, President - Bills and Payments
Exela is a leader in Bills and Payment processing with our XBP liquidity solutions enabling billers, consumers and businesses to communicate and transact. XBP offers a complete solution to its customers and enables improved control, insights, and analytics globally.
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About Exela Technologies
Mary Beth Benjamin