Exela Technologies Recognized as a Disruptor in Avasant Research Report

IRVING, Texas, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, announced today that the Company has been recognized as a Disruptor in the Avasant Talent Acquisition Business Process Transformation 2023–2024 RadarView. 

Describing the current market outlook for talent management, Shabnum Grewal, Partner at Avasant Research, said, “Global phenomena, such as a prolonged, negative economic outlook, the Great Resignation, huge layoffs, and remote and hybrid work, are pushing enterprises to move away from traditional recruitment, which is still dominated by heavy manual processes, towards technology-enabled talent acquisition services. Enterprises, therefore, are reducing their dependence on traditional recruitment agencies and outsourcing strategic talent acquisition processes.”

The report evaluated 42 providers across three key dimensions: practice maturity, domain ecosystem, and investments and innovation. Among them, 15 were recognized for delivering significant market value in 2023-24.

According to Biswadeep Hazra, Senior Analyst and co-author of the report, “Exela Technologies, with its product-first approach, is transforming the talent acquisition landscape through its proprietary solutions, such as the Exela Applicant Tracking platform to automate recruiting processes and the Assessments platform to automate assessments. Further, Exela Technologies differentiates itself from its competitors through its paperless hiring solution and catering to every working model requested by the client, be it fully working from home, working from anywhere, in-office, or hybrid.”

“Its focus on its strong product suite and investment in large language model-powered technologies for talent acquisition services has placed Exela Technologies as a Disruptor in Avasant’s Talent Acquisition Business Process Transformation 2023–2024 RadarView,” he added.

Providing insights into leading service providers’ talent acquisition capabilities, the report highlights Exela's strategic investment in European expansion and the integration of generative AI into key offerings like Human Capital Management (HCM), DrySign, and Digital Mailroom (DMR), solidifying its position as a leading player in talent acquisition solutions. This recognition reflects Exela's commitment to innovation and excellence in BPA.