Exela Technologies, Inc. announced that it has won a contract with a large infrastructure operator in Europe. The 5-year project has an estimated $48 million total contract value ("TCV"). The expected contract revenue will contribute to the ITPS accounting segment which generated $847 million of revenue in 2022.

The implementation is set to begin imminently. Exela is set to deploy highly secure solutions from its Digital Assets Group with this customer, primarily DMR, which includes AI-led hyper automation, recognition, archiving and other features meeting the highest level of regulatory compliance and certification.