Exela Technologies Closes Sale of High-Speed Scanner Business as Part of Strategic Plan
Prossionally, Educated, Profit Focused, and Intense
IRVING, Texas, June 09, 2023 (GLOBE NEWSWIRE)
Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a leader in business processing automation (“BPA”) announced today that the Company completed the sale of its high-speed scanner manufacturing and maintenance business, including the…
Exela customers will continue to receive the stellar technology and best in class solutions. This strategic move is part of Exela’s plan to focus on its core business processing automation services. The sale of the high-speed scanner business will allow Exela to streamline its operations and allocate resources more efficiently towards driving innovation and growth in its key areas.
By divesting the high-speed scanner business, Exela is demonstrating its commitment to providing top-notch solutions to its customers while also ensuring long-term profitability and sustainability. The Company’s dedication to excellence and continuous improvement is evident in this decision, which will ultimately benefit both Exela and its clients.
Exela Technologies is known for its cutting-edge technology and industry-leading solutions. With this strategic sale, Exela is positioning itself for even greater success in the future. Customers can rest assured that they will continue to receive the exceptional service and support that they have come to expect from Exela.
Overall, the completion of the sale of the high-speed scanner business is a positive development for Exela and its customers. This move reinforces Exela’s commitment to innovation, efficiency, and customer satisfaction, setting the stage for continued growth and success in the business processing automation industry.
How This Will Affect Me
As a customer of Exela Technologies, the sale of the high-speed scanner business will have a positive impact on me. I can expect to continue receiving top-notch technology and solutions from Exela, while also benefiting from the Company’s increased focus and resources in its core business processing automation services. This strategic move will likely result in even better service and support for customers like myself, as Exela will be able to allocate more resources towards innovation and growth.
How This Will Affect the World
The sale of Exela Technologies’ high-speed scanner business is part of a larger trend towards companies focusing on their core competencies and streamlining operations. This move by Exela demonstrates a commitment to long-term sustainability and profitability, which can have ripple effects on the business world as a whole. By freeing up resources and driving innovation in its key areas, Exela is setting a positive example for other companies to follow, ultimately leading to a more efficient and competitive business landscape.
Conclusion
The completion of the sale of Exela Technologies’ high-speed scanner business is a strategic move that will benefit both the Company and its customers. By focusing on its core business processing automation services, Exela is positioning itself for continued growth and success in the industry. Customers can expect to receive the same stellar technology and best in class solutions, with the added benefit of increased innovation and efficiency. Overall, this decision reflects Exela’s dedication to excellence and continuous improvement, setting the stage for a bright future ahead.
