Exela Technologies, Inc. agreed to Spin-Off Exela Technologies BPA, LLC.
July 30, 2024
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Exela Technologies, Inc. agreed to Spin-Off Exela Technologies BPA, LLC on July 1, 2024. Exela stockholders will receive their pro-rata share of a newly formed holding company owning Exela?s business process automation business. Loeb & Loeb LLP is serving as legal counsel to Exela.
Exela Technologies, Inc. is a provider of transaction processing solutions, enterprise information management, document management and digital business process services. Its segments include Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS). ITPS provides industry-specific solutions for banking and financial services, including lending solutions for mortgages and auto loans, and banking solutions for clearing, anti-money laundering, sanctions, and interbank cross-border settlement; property and casualty insurance solutions for origination enrollments, claims processing, and benefits administration communication, among others. HS offerings include revenue cycle solutions, integrated accounts payable and accounts receivable, and information management for both the healthcare payer and provider markets. LLPS solutions include processing of legal claims for class action and mass action settlement administrations.
EXELA TECHNOLOGIES, INC. 
