Exela Technologies Surges as Unnamed Top Franchisor Will Use Its Digital Mailroom Technology – MarketWatch

Exela Technologies Surges as Unnamed Top Franchisor Will Use Its Digital Mailroom Technology – MarketWatch

By Josh Beckerman


Exela Technologies Inc. shares rose 51% to $2.27 during the regular session Monday as the company said “one of the largest franchisors in the world” will use its digital mailroom technology. The stock was recently at $2.37 after hours.

The company said the customer has “one of the most recognizable logos on the globe” and said demand has been helped by the “ever-evolving hybrid work environment.”

Last week, Exela said it received a task order from “large federal agency” to provide benefits communication services and said it renewed a contract with a “leading health organization.”


Write to Josh Beckerman at [email protected]


Source: https://www.marketwatch.com/story/exela-technologies-surges-as-unnamed-top-franchisor-will-use-its-digital-mailroom-technology-271635201276

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