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Exela Technologies announces plans to spin off business process automation business
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Jul 1, 2024
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Workflow Automation Platforms

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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.

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