All Updates

All Updates

icon
Filter
M&A
Exela Technologies announces plans to spin off business process automation business
Workflow Automation Platforms
Jul 1, 2024
This week:
Funding
Brightpick raises USD 12 million in funding to accelerate US deployment
Logistics Tech
Today
Partnerships
ArcelorMittal partners with HP to develop steel additive manufacturing solutions
Additive Manufacturing
Today
Product updates
Synspective commences full-scale SAR satellite manufacturing at Yamato Technology Center
Next-gen Satellites
Today
Product updates
IDEAYA Biosciences presents new development candidate IDE034
Precision Medicine
Yesterday
Management news
23andMe lays off 40% of workforce; discontinues therapeutics development division
Precision Medicine
Yesterday
Partnerships
EHang partners with Enpower to enhance electric motor systems for eVTOL aircraft
Passenger eVTOL Aircraft
Yesterday
Funding
Nerai Bio raises ~USD 171,000 in venture funding to develop gene editing candidates
Human Gene Editing
Yesterday
Funding
Aridditive raises EUR 500,000 in pre-seed funding
Additive Manufacturing
Yesterday
Industry news
Japan launches world's first wooden satellite
Next-gen Satellites
Yesterday
Partnerships
Maxar Intelligence expands partnership with HERE Technologies to scale automated mapmaking
Next-gen Satellites
Yesterday
Workflow Automation Platforms

Workflow Automation Platforms

Jul 1, 2024

Exela Technologies announces plans to spin off business process automation business

M&A

  • Exela Technologies, a business process automation (BPA) software provider, announced plans to spin off its wholly owned subsidiary, Exela Technologies BPA, LLC, to Exela stockholders to maximize shareholder value.

  • Following the spinoff, Exela Technologies BPA will operate independently as a BPA business. It will leverage proprietary robotic process automation (RPA) technology to offer workflow automation solutions in finance, accounting, human capital management, legal, banking, healthcare, insurance, and the public sector.

  • The potential spinoff would create a new holding company to own the BPA business if completed. At the same time, existing Exela stockholders would retain ownership in the parent company, Exela Technologies, including its majority stake in XBP Europe Holdings and its North American onsite services business. 

  • Exela Technologies is a global business process automation (BPA) company that offers software and services, including information management, workflow automation, and integrated communications solutions.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.