Technology Stocks

Exela Technologies, Inc. (NASDAQ: XELA), Avails the Digital Mailroom Platform for Small and Mid-sized Businesses (SMBs) in the UK

Today, every industry is on the verge of redefining its operations to incorporate new ideas prompted by the need for upgraded technology. And with the daily revolution of the globe, it is necessary to absorb innovative solutions, transforming the business to higher levels. That said, Exela Technologies, Inc. (NASDAQ: XELA), a business process automation (BPA) leader, has made public its Digital Mailroom (DMR) platform. Through online signups, small and medium businesses (SMBs) in the UK will have direct access to the DMR portal from where they can get virtual office addresses. 

The Work from Home Trend Is Here To Stay

Hundred thousand companies have had to change their way of life and work since the emergence of COVID 19 and the upsurge in its spreading. And the solution is remote working. The trend, which is getting wider acceptance across the globe, is here to stay, and there has been a tremendous shift in the operations of SMBs. 

With that acceptance and shift, the Exela DMR platform will be a solution to its enterprise customers across Europe. The multi-industry solution allows users to choose flexible pricing plans versus the services they need. And from their virtual offices, they can receive their incoming mails digitally. 

Other services the portal offers include add-on services such as parcel delivery enabled by several inbuilt features such as eSignature, data redaction, and storage.

“The way businesses and people work has changed dramatically… Exela’s DMR solution provides a crucial and valuable service for seamless business processes….” Vitalie Robu, President EMEA, Exela Technologies, remarked. 

In other news, Exela says it has entered into a $150 million at-the-market equity program. This is after completing the earlier $100 million at-the-market equity program announced on May 27, 2021. The proceeds shall go towards funding upcoming development programs, acquisitions, or additional licensing and general corporate expenses.

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