Exela Technologies, Inc.

IRVING, Texas, May perhaps 26, 2022 (Globe NEWSWIRE) — Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), today declared that Sriram “Sri” Ramanathan has joined Exela as Main Technologies officer, reporting to Government Chairman, Par Chadha.

In his new part, Sri will focus on all aspects of products route, answer system, and thought leadership in guidance of the thousands of Exela shoppers all around the world. He will collaborate intently with Exela’s world-wide leadership crew as the Corporation proceeds to establish out our technology goods and SaaS-based options throughout our portfolio.
 
By way of the development of new tech-enabled merchandise and service strains, Exela is focused on broadening abilities to optimize results for consumers. Less than Sri’s path, we will continue to detect prospects to digitize processes and streamline workflows gaining one of a kind insights that can be leveraged to additional boost performance throughout many sectors.
 
Sri is a hands-on technology govt with additional than 23 yrs of encounter in building and employing reducing edge know-how solutions. He will come to Exela from NYSE mentioned Genpact, where by he led the AI and engineering efforts for AI goods. Sri also led the mobile and Conversational AI organization at the Oracle PaaS (System as a Service) organization. Prior to that, he was the CTO of Kony, a cell technological innovation platform which pioneered the idea of an mBaaS (cellular backend as a provider). When at IBM, Sri was an IBM Distinguished Engineer and Grasp inventor with CTO responsibilities for the Telecommunications and cell and wireless domains with more than 150 patents awarded.
 
Sri graduated from the Birla Institute of Technological innovation and Science in Pilani, India with a Master’s Diploma in Engineering and continued his education and learning getting a Master’s Diploma from the University of South Florida in Industrial and Management Programs

“Technology adaptation and improvement is the spine of Exela. We are normally wanting for new techniques to help and enhance solutions for customers and our system. Sri is a welcome addition to our family members and we seem forward to his believed leadership in rising Exela,” stated Par Chadha, Executive Chairman of Exela.

About Exela Systems

Exela Technologies is a business enterprise course of action automation (BPA) leader, leveraging a global footprint and proprietary engineering to supply digital transformation methods improving high quality, efficiency, and finish-user experience. With a long time of experience functioning mission-crucial processes, Exela serves a expanding roster of far more than 4,000 shoppers during 50 countries, like around 60% of the Fortune® 100. Utilizing foundational systems spanning info administration, workflow automation, and integrated communications, Exela’s application and expert services consist of multi-marketplace, departmental option suites addressing finance and accounting, human funds management, and authorized administration, as very well as sector-certain methods for banking, health care, insurance policy, and the community sector. As a result of cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 17,000 workforce running in 23 nations around the world, Exela rapidly deploys built-in technological innovation and functions as an conclusion-to-finish electronic journey partner

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Ahead-Looking Statements

Specified statements provided in this push launch are not historical facts but are forward-hunting statements for applications of the safe and sound harbor provisions below The Non-public Securities Litigation Reform Act of 1995. Forward-on the lookout statements generally are accompanied by phrases these types of as “may”, “should”, “would”, “system”, “intend”, “anticipate”, “feel”, “estimate”, “forecast”, “opportunity”, “appear to be”, “look for”, “keep on”, “long run”, “will”, “assume”, “outlook” or other identical words and phrases, phrases or expressions. These forward-on the lookout statements include things like statements about our business, potential events, believed or anticipated long run effects and positive aspects, upcoming possibilities for Exela, and other statements that are not historic info. These statements are centered on the existing expectations of Exela management and are not predictions of precise general performance. These statements are subject to a variety of challenges and uncertainties, together with with no limitation individuals talked over under the heading “Chance Aspects” in Exela’s Annual Report and other securities filings. In addition, ahead-looking statements provide Exela’s expectations, programs or forecasts of long term occasions and sights as of the day of this conversation. Exela anticipates that subsequent gatherings and developments will cause Exela’s assessments to transform. These ahead-looking statements should not be relied upon as representing Exela’s assessments as of any date subsequent to the day of this press release.

Investor and/or Media Contacts:

Vincent Kondaveeti
E: vincent.kondaveeti@exelatech.com

Mary Beth Benjamin
E: IR@exelatech.com