Exela Technologies Inc., an Irving-based global business process automation provider, has secured a short-term strategic contract valued at over $35 million for security breach remediation.
The contract, which began in June and is expected to conclude next month, involves an undisclosed client.
“This is a prime example of how Exela’s full-service cybersecurity compliance, remediation, and incident response solutions are resonating in the industry,” said Exela CEO Suresh Yannamani. He noted that Exela worked “diligently and expeditiously with our client on a legally sensitive situation.”
Yannamani added that the company is well-positioned to assist customers in a timely manner “as cybersecurity becomes increasingly critical as each day passes.”
Cybersecurity remediation identifies and addresses cyber threats that can impact a business’ network security.
The project will bolster Exela’s ITPS segment, which had revenue of $732 million in 2023. Exela said the project exemplifies its ability to quickly scale capacity and deliver customer remediation solutions.
Exela provides cybersecurity under the brand Reaktr.ai and breach remediation services under the brand Rust Consulting, coupled with notification services by Exela Technologies BPA LLC.
With a presence in 20 countries, including XBP Europe Holdings, Exela is one of the few companies providing these services at scale. The company serves a growing roster of more than 4,000 customers across 50 countries, including more than 60% of the Fortune 100.
Utilizing foundational technologies spanning information management, workflow automation, and integrated communications, Exela’s software and services include multi-industry, departmental solution suites addressing finance and accounting, human capital management, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector.
With cloud-enabled platforms built on a configurable stack of automation modules, and roughly 13,600 employees, Exela said it “rapidly deploys integrated technology and operations as an end-to-end digital journey partner.”
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
When Dallas-based LevelBlue spun out from AT&T Cybersecurity in May, it wasn't your typical startup. As Bob McCullen, LevelBlue's chairman and CEO, told IT industry publication CRN, the new company launched as one of the largest startups in the cybersecurity industry to date.
-
From new cars and autonomous vehicles on our roads to drones in our skies, America's transportation system has become increasingly connected—and dangerously vulnerable to cyberattacks. Now UT Dallas is joining an effort to patch up those vulnerabilities through the newly formed National Center for Transportation Cybersecurity and Resiliency. See who's on the UTD team—and what they aim to do.
-
SMU's Klyne Smith, with over 30 years of experience in IT and telecommunications at companies like IBM, Caesars Entertainment, and Ericsson, will use his industry insights to explore quantum-safe communication solutions for military applications.
-
Industrial process heating is used to manufacture everything from the food we eat to the clothes we wear to the steel and paint on the cars we drive. Richardson-based Skyven is working to decarbonize that process with heat recovery systems that reduce CO2 emissions—and public-private funding is helping it do that. Real-world impact from its California Dairies projects demonstrate Skyven's model in action reducing emissions and costs.
-
Vector0's ASM platform helps organizations discover, prioritize, and mitigate critical security risks, the company said, using continuous internet scans to identify assets, unify vulnerability and security data, and provide proactive, automated testing, and suggested fixes.
