Exela Technologies Meets Renowned German IT Security Standard, “TR-Resiscan”
25 July 2023 - 10:00PM
Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA,
XELAP), a leader in business processing automation (“BPA”),
announced today that the Company has obtained the highest-level
certification from the Bundesamt für Sicherheit in der
Informationstechnik (“BSI”), the country’s Federal Office for
Information Security, TR-Resiscan.
The BSI is Germany’s IT Security authority, providing
information security guidance and promoting secure practices across
industry. It also publishes guidelines, standards, and
recommendations for the protection of information technology
systems and critical infrastructure; covering areas such as
encryption algorithms, network security, data protection and
incident response, to help organisations improve their
cybersecurity.
“The TR Resiscan certification, such as that from the BSI, is an
additional recognition of our robust security measures, and our
drive to prioritise data protection and privacy,” noted Vitalie
Robu President of Exela EMEA.
By complying with the BSI guidelines, Exela takes a proactive
approach to potential risks and vulnerabilities in its IT systems
and guarantees its customers the highest possible integrity of the
digitization processes. This guarantees an unchangeable and secure
transition from the analog to the digital level without loss of
information.
Meeting the highest market standardsThis is a
substantial achievement for Exela as the BSI is the highest level
of recognition in Germany, a market with very demanding data
protection laws. Compliance demonstrates due diligence and
adherence to recognised standards required by regulations such as
the Federal Data Protection Act (BDSG) or the General Data
Protection Regulation (GDPR).
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perspectives,
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Accordingly, investors, media and others interested in the Company
should monitor the Company's website and its social media accounts
in addition to the Company's press releases, SEC filings
and public conference calls and webcasts.About Exela
TechnologiesExela is a business process automation (BPA) leader,
leveraging a global footprint and proprietary technology to provide
digital transformation solutions that improve efficiency, quality,
and productivity. With decades of experience operating
mission-critical processes, Exela serves a growing roster of more
than 4,000 customers throughout 50 countries, including over 60% of
the Fortune® 100. With foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry solution suites addressing finance & accounting,
human capital management, facilities optimization, and legal
management, as well as industry-specific solutions for banking,
healthcare, insurance, and the public sector. Exela is a leader in
workflow automation, attended and unattended cognitive automation,
digital mailrooms, print communications, and payment processing,
with deployments across the globe. Through cloud-enabled platforms,
built on a configurable stack of automation modules, and
approximately 15,000 employees operating in 21 countries, Exela
rapidly deploys integrated technology and operations as an
end-to-end digital journey partner.
Forward-Looking StatementsCertain statements included in this
press release are not historical facts but are forward-looking
statements for purposes of the safe harbor provisions under The
Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "may",
"should", "would", "plan", "intend", "anticipate", "believe",
"estimate", "predict", "potential", "seem", "seek", "continue",
"future", "will", "expect", "outlook" or other similar words,
phrases or expressions. These forward-looking statements include
statements regarding our industry, future events, estimated or
anticipated future results and benefits, future opportunities
for Exela, and other statements that are not historical facts.
These statements are based on the current expectations
of Exela management and are not predictions of actual
performance. These statements are subject to a number of risks and
uncertainties, including without limitation those discussed under
the heading "Risk Factors" in Exela's Annual Report and
other securities filings. In addition, forward-looking statements
provide Exela's expectations, plans or forecasts of
future events and views as of the date of this
communication. Exela anticipates that subsequent events
and developments will cause Exela's assessments to
change. These forward-looking statements should not be relied upon
as representing Exela's assessments as of any date
subsequent to the date of this press release. Investor
and/or Media Contacts:Vincent
KondaveetiE: vincent.kondaveeti@exelatech.com
Mary Beth BenjaminE: IR@exelatech.com
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