Exela Technologies

Exela Technologies, Inc. is an American business process automation ("BPA") company.^[2] It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2.^[3][4][5][6]

Exela Technologies Inc.

Company type	Public
Traded as	Nasdaq: XELA Russell 2000 Component
Industry	Software, information technology
Predecessor	SourceHOV LLC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2
Founded	2017
Headquarters	Irwing, Texas, Irving, Texas , United States
Key people	Suresh Yannamani (Chief Executive Officer of Exela Technologies BPA LLC)
Products	PCH Global, XBP, TTY
Services	enterprise information management, transaction processing services, business process automation
Revenue	$1,292.6 Million (2020)[1]
Number of employees	16,000
Website	www.exelatech.com

Overview

Exela’s software and services address finance & accounting, human capital management, and legal management, as well as banking, healthcare, insurance, and public sectors.

Exela Technology services include Artificial Intelligence (AI) enabledworkflow automation, digital mail rooms, attended and un-attended cognitive automation, print communications, and payment processing.^[7]

In 2024, Exela announced a strategic partnership with Aidéo Technologies, a leading AI platform specializing in autonomous coding for healthcare and a provider of AI-powered medical coding productivity solutions to the revenue cycle management (RCM) industry.

In 2024 the company declared serving 4,000+ customers^[8] in more than 50 countries.^[5] It has 1,100 onsite client facilities and 150 "delivery centers" in the Americas, Europe and Asia.

In October 2022, Exela Technologies was listed as a Leader in the Everest Group – PEAK Matrix for Medical Coding Operations Assessment 2022".^[9] In July 2019, Exela Technologies added Martin Akins to their board of directors.^[10]

In July 2019, Exela Technologies added Martin Akins to their board of directors.^[11]

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.^[12] Greenlight Capital is one of the top investors in Exela Technologies.^[13]

As per the latest financial results published in August 2023, the number of employees stood at approximately 16,500.