
Exela Technologies Inc (NASDAQ:XELA) shares are trading higher after the company announced the renewal of its services contract with a consulting firm. The renewal includes Digital Mailroom for over 90,000 users and the total contract value is over $35 million.
"We are proud of our long-standing partnership and the expansion of our strategic DMR platform renewal," said Suresh Yannamani, President of Exela, adding "we continue to see growing demand for our DMR platform in the SMB and enterprise customer segments."