Exela Technologiesis a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and end-user experience. Find out how business process automation tools can enhance your employee and visitor experience, optimize space and energy usage, and streamline daily processes. Thank you for your feedback. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The current consensus EPS estimate is -$0.25 on $298.98 million in revenues for the coming quarter and -$3.36 on $1.13 billion in revenues for the current fiscal year. (UPDATE: This story has been updated with a comment from a Steptoe & Johnson attorney representing the investors. Exela Technologies Signs Strategic Partnership with Quintes Global, Exela Recognized as a Major Player in IDC MarketScape for U.S. RCM Service Solutions 2022-2023 Vendor Assessment, Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. Fax: +1-(858)-605-5739 Click Manage settings for more information and to manage your choices. They also properly pleaded that the inference of fraud is cogent and at least as compelling as any opposing inference of nonfraudulent intent., The investors fixed up their complaint by bolstering the allegations about what defendants knew and when they knew it, Fitzwater said. 3111 Camino Del Rio North - Suite 423 The order finds that Exela also failed to properly identify, account for and, in one quarter, disclose certain related party transactions with an entity that was controlled by Company leadership. Exela Technologies - NasdaqCM: XELA Class Action Lawsuit Filed Against Exela Technologies On Behalf of Persons or Entities That Purchased, Or Otherwise Acquired, Exela Securities Between March 16, 2018 and March 16, 2020, Both Dates Inclusive - Kehoe Law Firm, P.C. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The analyst has been monitoring the managed print services market and is forecast to grow by $6991.94 mn during 2022-2027, accelerating at a CAGR of . Exela Technologies Inc's trailing 12-month revenue is $1.1 billion with a -27.0% profit margin. Exelaanticipates that subsequent events and developments will causeExela'sassessments to change. Thank you for your positive comments. This compares to year-ago revenues of $279.23 million. Investors allege the business process automation company misled them about how much of its revenue was predictable. You may redact your account numbers from your uploaded documents. Unified on a single, cloud-hosted platform, Digital Now is a suite of solutions built to accelerate your digital transformation. Register Learn more Events Webcasts 7 Dec 2022 - Talent Acquisition Lead in Pune Recommend CEO Approval Business Outlook Pros You will get the necessary exposure, support, opportunity and guidance to grow in your career. December 20, 2022. Native Hawaiian or Other Pacific Islander, - Newcastle upon Tyne, United Kingdom Area, Opens the Fishbowl by Glassdoor site in a new window, Coming soon! Counsel information for Exela was not immediately known. The fundamental outlook for the IT . Explore the Exela Smart Office Suite The Latest From Exela The court does not reach, and expresses no view about, whether plaintiffs have rectified the deficiencies in their other theories, Fitzwater said. These figures are adjusted for non-recurring items. The trading price of Exela Technologies Inc. (NASDAQ:XELA) closed lower on Tuesday, December 27, closing at $0.09, -2.09% lower than its previous close. A high-level overview of Exela Technologies, Inc. (XELA) stock. Your documents will be securely held in AWS S3 and will only be used as proof of your transactions in connection with this matter. Employees also rated Exela Technologies 3.1 out of 5 for work life balance, 2.9 for culture and values and 2.9 for career opportunities. Want the latest recommendations from Zacks Investment Research? This quarterly report represents an earnings surprise of -119.57%. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA), a global business process automation (BPA) leader, today announced that. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Revolutionizing Human Resource Management. As a global leader in business process automation, were constantly refining our technologies and developing ideas to better serve our 4,000+ customers in more than 50 countries. Remote / Flexible location 401k Health Benefits. Exela Smart Office is a suite of interconnected workplace technologies and services. We work hard to meet expectations like yours. Michael Daniels According to reviews on Glassdoor, employees commonly mention the pros of working at Exela Technologies to be workplace, coworkers and the cons to be career development, benefits, management. Join the Exela Technologies team See Our Latest Jobs 5.0 Current Employee, more than 3 years Best place I have ever worked! With foundational technologies spanning information management, workflow automation, and integrated communications, Exelas software and services include multi-industry department solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and public sectors. . This rating has improved by 12% over the last 12 months. We are glad you took the time to share your experience. Exela Technologies India Private Limited's Corporate Identification Number is (CIN) U64202MH1999PTC119911 and its registration number is 119911.Its Email address is amit.shukla@exelaonline.com and its registered address is TOWER-341 FLOOR NO 4INTERNATIONAL INFOTECH PARK VASHI RAILWAY STATION MUMBAI MH 400705 IN . Investors allege the business process automation company misled them about how much of its revenue was predictable. The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Love this company there's always something and challenging and rewarding to work on. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. With decades of experience operating mission-critical processes,Exelaserves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune 100. 50% of employees would recommend working at, According to anonymously submitted Glassdoor reviews, Exela Technologies employees rate their compensation and benefits as 2.8 out of 5. The case is Manichaean Capital LLC v. Exela Intermediate LLC, Delaware Court of Chancery, No. You're not working in a box and have flexibility to make strategic decisions. Thank you for your feedback. Exela Technologies 3.6 based on 507 Reviews Exela Technologies are global leaders in digital transformation and business optimization, Exela delivers technology and data-driven innovation for bu. Today, you can download 7 Best Stocks for the Next 30 Days. This kind of feedback motivates the entire team to continue exceeding expectations. Without admitting or denying the SEC's findings, Exela and Reynolds have agreed to cease-and-desist orders and to pay civil money penalties in the amounts of $175,000 and $10,000, respectively. Exela partners with customers to improve user experience and quality through operational efficiency. Traders who pay close attention to intraday price movement should know that it fluctuated between $0.0854 and $0.0945. We are glad you took the time to share your experience. Brian Schall, Esq., These statements are subject to a number of risks and uncertainties, including without limitation those discussed under the heading "Risk Factors" inExela'sAnnual Report and other securities filings. Exela Technologies, Inc. engages in the provision of transaction processing solutions and enterprise information management. They also have the best educational program. On August 11, 2020, an amended complaint was filed, and on October 12, 2020, the defendants filed a Motion to Dismiss the amended Complaint. December 23, 2022. June 25, 2021 13:00 ET EXELA TECHNOLOGIES, INC. : Fundamental Analysis and Financial Ratings | XELA | US30162V7064 | MarketScreener Homepage Equities United States Nasdaq Exela Technologies, Inc. Ratings XELA US30162V7064 EXELA TECHNOLOGIES, INC. (XELA) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. January 10, 2023. The Schall Law Firm, in its sole discretion, will contact you if it requires further information from you. IRVING, Texas, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA, XELAP), a global business process automation (BPA) leader, announced today. IRVING, Texas, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. ("Exela" or "the Company") (NASDAQ: XELA), a global business process. The Quinn Emanuel Urquhart & Sullivan attorneys representing Exela in the other lawsuit did not respond to a request for comment. We engaged Exela, and we have not looked back. Working in office. To help speed this along, wed really appreciate it if you would, This category could use your help. Shareholder Connect | Exela Technologies. Find out more about how we use your information in our privacy policy and cookie policy. A group of investors have again sued affiliates of Exela Technologies Inc in Delaware to recoup an unpaid 2020 appraisal award related to the $2.8 billion merger that created the business management technology company. Based on these facts, the Companys public statements were false and materially misleading. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Click Specifically, the lawsuit alleges that the Company misled investors regarding its financial condition. In terms of the Zacks Industry Rank, Technology Services is currently in the top 50% of the 250 plus Zacks industries. Exela Technologies 47 2.9 Write a review Snapshot Why Join Us 2.7K Reviews 2.3K Salaries 111 Jobs Benefits 169 Q&A Interviews 3 Photos Exela Technologies Employee Reviews Review this company Job Title All Location United States 2,298 reviews Ratings by category 3.0 Work-Life Balance 2.7 Pay & Benefits 2.5 Job Security & Advancement 2.6 Management The SEC's order finds that Exela violated Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 13a-1, 13a-13,13a-15(a) and 12b-20 thereunder, and that Reynolds caused Exela's violations of Section 13(a) of the Exchange Act and Rules 13a-13 and 12b-20 thereunder. You can reach us at connect@exelaonline.com. Exela is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions enhancing quality, productivity, and. All net proceeds will go directly to supporting the Dian Fossey Gorilla Fund. If youd like to share your ideas, write to us via email at connect@exelaonline.com. 5. This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +115.8%. On December 19, 2022, the SEC announced a settled enforcement action against Exela Technologies, Inc, for accounting . The Human Resources Department is very accommodating and help you step by step if you need help. The Novitex Business Combination was accounted for as a reverse merger for which SourceHOV was determined to be the accounting acquirer. Up ~140% today. In examining the 52-week price action we see that the stock hit a 52-week . Anyone know anything about Exela Technologies (XELA)? I preferred to work remote. Exela Technologies, Inc. IRVING, Texas, June 25, 2021 (GLOBE NEWSWIRE) -- Exela Technologies, Inc.(Exela or the Company) (NASDAQ:XELA), a global business process automation (BPA) leader, today announced that U.S. District Judge Sydney A. Fitzwater has granted Exelasmotion to dismiss in its entirety the Texas federal securities class action suit filed March 2020. Pros & Cons are excerpts from user reviews. There are ZERO cons with my Exela experience! While the PTO plan is generous I would like to see a flexible PTO plan reinstated that we previously had. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Secure and legally binding signatures on the go. 3:20-cv-00691, motion to dismiss denied 1/21/22. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The investors' complaint filed on Tuesday stems from a related suit set to go to trial in October 2022, in which Slights allowed the group of investors to go after Exela and its subsidiaries for the appraisal judgment. Looking at the most recent complaint as a whole, the investors have pleaded with the required degree of particularity that defendants acted at least with severe recklessness when misrepresenting that Exela had 90% revenue visibility, the opinion said. read more HQ - Irving, Texas, United States IT Services & Consulting 1k-5k Employees (India) Internet Write a Review Compare About Reviews 504 Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 1 Twitter 2 Facebook 3RSS 4YouTube We are glad that you enjoyed being a part of our team. They are not authored by Glassdoor. 18 Campus Boulevard, Suite 100, Newtown Square, PA 19073 Vincent KondaveetiE:vincent.kondaveeti@exelatech.comT: 929-620-1849, Mary Beth BenjaminE:IR@exelatech.comT: 646-277-1216. By . Exela Technologies, Inc. is an American business process automation ("BPA") company. Tex., No. 50% of employees would recommend working at Exela Technologies to a friend and 45% have a positive outlook for the business. Through cloud-enabled platforms, built on a configurable stack of automation modules, and over 19,000 employees operating in 23 countries,Exelarapidly deploys integrated technology and operations as an end-to-end digital journey partner. Were a little short on data, but you can help. Exela is a leader in work flow automation, attended and un-attended cognitive automation, digital mail rooms, print communications, and payment processing with deployments across the globe. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. One other stock from the same industry, Waterdrop Inc. Unsponsored ADR (WDH), is yet to report results for the quarter ended September 2022. Purchase Lawsuit Report. Who could buy Manchester United and how much is it worth? Show your support with some co-branded gear! Investors who purchased the Companys securities between March 16, 2018 and March 16, 2020, inclusive (the Class Period), are encouraged to contact the firm before May 22, 2020. This compares to loss of $4.60 per share a year ago. On March 23, 2020, a lawsuit was filed against Exela Technologies, Inc. over alleged violations of Federal Securities Laws. Powerful HR solutions to accelerate performance and business growth. She was positioned first as a manager and then as Matt's personal assistant. Exela Technologies Inc. (XELA) full year performance was -99.53%. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's . A quarter ago, it was expected that this company would post a loss of $1.20 per share when it actually produced a loss of $3.22, delivering a surprise of -168.33%. Exela Technology Signs New Logo with Genealogy and Consumer Genomics Firm. While Exela had disclosed the shareholders' claim in its SEC filings while the suit was pending, Exela erroneously failed to accrue for any payment it would have to make to those dissenting shareholders. As a global leader in business process automation, were constantly refining our technologies and developing ideas to better serve our 4,000+ customers in more than 50 countries. Exelawhich merged with Novitex Holdings Inc. in 2017may be liable under the Employee Retirement Income Security Act for allowing the Novitex 401(k) plan to offer retail share class investments, when identical investments were allegedly available at lower cost, Judge Dominic J. Squatrito ruled. Are glad that you enjoyed being a part of our team much is it?... & Sullivan attorneys representing Exela in the Glassdoor community Zacks # 1 Rank ( Strong )! This matter the Quinn Emanuel Urquhart & Sullivan attorneys representing Exela exela technologies lawsuit the other did. 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