Exela Technologies Announces New Chief Technology Officer

Exela Technologies, Inc.

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

In his new part, Sri will emphasis on all features of merchandise path, alternative system, and believed management in support of the thousands of Exela consumers all-around the globe. He will collaborate intently with Exela’s international leadership group as the Company continues to establish out our technological know-how merchandise and SaaS-based mostly remedies across our portfolio.
 
By the advancement of new tech-enabled items and company strains, Exela is concentrated on broadening capabilities to enhance results for customers. Below Sri’s route, we will go on to discover chances to digitize processes and streamline workflows getting special insights that can be leveraged to more enhance performance throughout multiple sectors.
 
Sri is a arms-on know-how government with much more than 23 several years of working experience in acquiring and utilizing chopping edge technology methods. He comes to Exela from NYSE mentioned Genpact, exactly where he led the AI and engineering initiatives for AI merchandise. Sri also led the cell and Conversational AI organization at the Oracle PaaS (System as a Service) organization. Prior to that, he was the CTO of Kony, a mobile know-how platform which pioneered the idea of an mBaaS (cell backend as a support). Though at IBM, Sri was an IBM Distinguished Engineer and Grasp inventor with CTO duties for the Telecommunications and mobile and wireless domains with more than 150 patents awarded.
 
Sri graduated from the Birla Institute of Technologies and Science in Pilani, India with a Master’s Diploma in Engineering and continued his education and learning acquiring a Master’s Degree from the College of South Florida in Industrial and Administration Methods

“Technology adaptation and enhancement is the spine of Exela. We are always searching for new techniques to enable and optimize methods for shoppers and our system. Sri is a welcome addition to our household and we glimpse forward to his imagined leadership in developing Exela,” explained Par Chadha, Govt Chairman of Exela.

About Exela Technologies

Exela Technologies is a business course of action automation (BPA) chief, leveraging a global footprint and proprietary technology to present electronic transformation answers maximizing high-quality, efficiency, and conclude-consumer encounter. With decades of working experience functioning mission-essential procedures, Exela serves a expanding roster of much more than 4,000 prospects through 50 countries, including about 60% of the Fortune® 100. Utilizing foundational systems spanning information and facts administration, workflow automation, and integrated communications, Exela’s computer software and solutions consist of multi-market, departmental answer suites addressing finance and accounting, human funds administration, and legal administration, as well as market-particular options for banking, healthcare, insurance, and the community sector. By cloud-enabled platforms, created on a configurable stack of automation modules, and somewhere around 17,000 employees working in 23 nations, Exela rapidly deploys built-in engineering and operations as an conclusion-to-close electronic journey companion

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Forward-Searching Statements

Sure statements involved in this push launch are not historic facts but are forward-searching statements for applications of the secure harbor provisions beneath The Non-public Securities Litigation Reform Act of 1995. Ahead-searching statements commonly are accompanied by words these kinds of as “could”, “ought to”, “would”, “strategy”, “intend”, “anticipate”, “believe”, “estimate”, “forecast”, “likely”, “appear”, “look for”, “continue on”, “potential”, “will”, “anticipate”, “outlook” or other very similar text, phrases or expressions. These ahead-seeking statements involve statements with regards to our marketplace, long term situations, estimated or anticipated upcoming effects and positive aspects, potential chances for Exela, and other statements that are not historical info. These statements are based mostly on the existing expectations of Exela management and are not predictions of true performance. These statements are matter to a selection of dangers and uncertainties, such as without limitation these mentioned underneath the heading “Danger Components” in Exela’s Annual Report and other securities filings. In addition, ahead-wanting statements provide Exela’s expectations, strategies or forecasts of future occasions and sights as of the day of this conversation. Exela anticipates that subsequent occasions and developments will cause Exela’s assessments to alter. These forward-on the lookout statements should really not be relied on as representing Exela’s assessments as of any date subsequent to the date of this push launch.

Trader and/or Media Contacts:

Vincent Kondaveeti
E: [email protected]

Mary Beth Benjamin
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