Exela Technologies Announces Estimated $48M TCV Win

April 28, 2023

https://www.globenewswire.com/news-release/2023/04/28/2657420/0/en/Exela-Technologies-Announces-Estimated-48M-TCV-Win.html

IRVING, Texas, April 28, 2023 (GLOBE NEWSWIRE) — 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.

Read more at globenewswire.com

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