IRVING, Texas, December 20 2022 - Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), a global business process automation (BPA) leader, announced a contract with a leading genealogy and consumer genomics firm. The firm currently manages massive volumes of data, including records detailing marriages, births, deaths, immigration, military service, etc. Exela will deploy its global knowledge workers to help the firm index over 23 million characters from the employee register within three months.
Exela’s solution will capture information from handwritten multi-language forms from the early to mid-19th and 20th centuries, solving a major client pain point at a competitive rate.
“The consumer genomics market size is forecast to reach 3.1 billion by 2026, growing at a CAGR of 19.5%. Using our hybrid offshore keying solution, the client can expedite its operations and be part of this growth. They can create a searchable, pre-built index of historical records, making it easy for end users to quickly find records of their ancestors. Ultimately, this will also help the client expand their collection of content and end-user subscriptions,” said Tatiana Koleva, President, Exela Enterprise Solutions.
About Exela Technologies
Exela Technologies is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune® 100. Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 16,500 employees operating in 21 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner.
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Investor and/or Media Contacts:
Vincent Kondaveeti
E: vincent.kondaveeti@exelatech.com