XBP

XBP Europe Holdings, Inc. Reports Full Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
Capital expenditure, Growth, TCV, Bill, Operating cost, Sale, XBP, Adjustment, Bookkeeping

LONDON and SANTA MONICA, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills and payments and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the full year ended December 31, 2023.

Key Points: 
  • “We start the year as a newly listed public company, having completed our long-awaited business combination towards the very end of 2023.
  • We will keep our employees and the investor community apprised of our progress in the coming weeks and months,” said Andrej Jonovic, Chief Executive Officer of XBP.
  • Net Loss: Net loss for 2023 was $11.0 million, compared with a net loss of $7.9 million in 2022.
  • Adjusted EBITDA(1): Adjusted EBITDA for 2023 was $11.6 million, a decrease of 20.0% compared to $14.5 million in 2022.

Exela Technologies and XBP Europe Announce the Launch of Reaktr.ai to Provide Cybersecurity, Data Modernization and Multi-Cloud Management Enabled by AI 

Retrieved on: 
Tuesday, January 23, 2024
Cloud, COE, AI, FAO, Exela Technologies, XBP, Center of excellence

IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai .

Key Points: 
  • IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai .
  • Reaktr.ai is another example of Exela addressing a rapidly changing industry in which demand outpaces the customer’s capacity to access available talent.
  • This strategic move positions the Company at the forefront of the cyber, large data and generative AI landscape.
  • Reaktr.ai is also establishing Centers of Excellence (CoE) for both Exela and XBP, propelling operational efficiency and innovation to enterprise customers.

Exela Technologies and XBP Europe Announce the Launch of Reaktr.ai to Provide Cybersecurity, Data Modernization and Multi-Cloud Management Enabled by AI

Retrieved on: 
Tuesday, January 23, 2024
Cloud, COE, AI, FAO, Exela Technologies, XBP, Center of excellence

IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai .

Key Points: 
  • IRVING, Texas and LONDON, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP) and XBP Europe (“XBP”) (NASDAQ: XBP, XBPEW) announce the launch of a new Global Business Unit, Reaktr.ai .
  • Reaktr.ai is another example of Exela addressing a rapidly changing industry in which demand outpaces the customer’s capacity to access available talent.
  • This strategic move positions the Company at the forefront of the cyber, large data and generative AI landscape.
  • Reaktr.ai is also establishing Centers of Excellence (CoE) for both Exela and XBP, propelling operational efficiency and innovation to enterprise customers.

XBP Europe to Ring Nasdaq Opening Bell on January 5, 2024

Retrieved on: 
Wednesday, January 3, 2024
XBP

LONDON and NEW YORK, Jan. 03, 2024 (GLOBE NEWSWIRE) -- XBP Europe (“XBP” or the “Company”) (NASDAQ: XBP and XBPEW), today announced that the company will celebrate its recent public listing on the Nasdaq Stock Exchange by ringing the opening bell on Friday, January 5, 2024.

Key Points: 
  • LONDON and NEW YORK, Jan. 03, 2024 (GLOBE NEWSWIRE) -- XBP Europe (“XBP” or the “Company”) (NASDAQ: XBP and XBPEW), today announced that the company will celebrate its recent public listing on the Nasdaq Stock Exchange by ringing the opening bell on Friday, January 5, 2024.
  • On November 29, 2023, XBP Europe announced the completion of the business combination with CF Acquisition Corp VIII.
  • Andrej Jonovic, the CEO of XBP Europe, stated, "We are excited to kick off 2024 with the Nasdaq bell ringing.
  • This listing is a testament to the hard work and dedication of the entire XBP Europe team.

XBP Europe Completes Business Combination with CF Acquisition Corp. VIII

Retrieved on: 
Wednesday, November 29, 2023
XBP, Cryptocurrency

LONDON and NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- XBP Europe, Inc. (“XBP Europe”) announced today that it has completed its business combination with CF Acquisition Corp. VIII (Nasdaq: CFFE) (“CF VIII”).

Key Points: 
  • LONDON and NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- XBP Europe, Inc. (“XBP Europe”) announced today that it has completed its business combination with CF Acquisition Corp. VIII (Nasdaq: CFFE) (“CF VIII”).
  • The combined company will operate as XBP Europe going forward and, beginning on November 30, 2023, XBP Europe shares will trade on the Nasdaq Stock Market under the ticker symbol “XBP” and its warrants will trade on the Nasdaq Stock Market under the ticker symbol “XBPEW”.
  • XBP Europe services over 2,000 clients across Europe, consisting of long standing relationships with many blue chip companies.
  • "Our European business has a long operating history and I am thankful and proud of all the dedicated colleagues that make XBP Europe a premier integrator of bills and payments as well as a leader in digital transformation,” said Andrej Jonovic, CEO of XBP Europe.

XBP Europe Completes Business Combination with CF Acquisition Corp. VIII

Retrieved on: 
Wednesday, November 29, 2023
XBP, Cryptocurrency

LONDON and NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- XBP Europe, Inc. (“XBP Europe”) announced today that it has completed its business combination with CF Acquisition Corp. VIII (Nasdaq: CFFE) (“CF VIII”).

Key Points: 
  • LONDON and NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- XBP Europe, Inc. (“XBP Europe”) announced today that it has completed its business combination with CF Acquisition Corp. VIII (Nasdaq: CFFE) (“CF VIII”).
  • The combined company will operate as XBP Europe going forward and, beginning on November 30, 2023, XBP Europe shares will trade on the Nasdaq Stock Market under the ticker symbol “XBP” and its warrants will trade on the Nasdaq Stock Market under the ticker symbol “XBPEW”.
  • XBP Europe services over 2,000 clients across Europe, consisting of long standing relationships with many blue chip companies.
  • "Our European business has a long operating history and I am thankful and proud of all the dedicated colleagues that make XBP Europe a premier integrator of bills and payments as well as a leader in digital transformation,” said Andrej Jonovic, CEO of XBP Europe.

Exela Technologies Announces New $15 Million Contract

Retrieved on: 
Thursday, September 28, 2023
Partnership, Marketing, XME, XBP, Uniform Computer Information Transactions Act, TCV, AI, Cryptocurrency, Exela Technologies

IRVING, Texas, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a leader in business process automation (“BPA”) today announced a contract with a public company in the leisure and hospitality space.

Key Points: 
  • IRVING, Texas, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a leader in business process automation (“BPA”) today announced a contract with a public company in the leisure and hospitality space.
  • The three-year, $15 million TCV contract allows the customer to improve marketing efforts by utilizing Exela’s Marketing Automation platform (“XME”) to decrease time to market, increase operational efficiencies and decrease costs.
  • XME is a platform within Exela’s Exchange for Bills and Payments (“XBP”) solution suite that is further enhanced by AI analytics.
  • XBP is the largest revenue contributor in the Information Transaction and Processing Solutions (“ITPS”) accounting segment of Exela which reported over $765 million in revenue in 2022.

Exela Technologies Leverages Generative AI with Microsoft Azure OpenAI Service

Retrieved on: 
Thursday, August 10, 2023
DMR, Microsoft, Exchange, Digital mailroom, XBP, PCH, Microsoft India, Microsoft Azure, AI, Payment, Video game, Medical device, Exela Technologies, Azure

IRVING, Texas and PUNE, India, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (NASDAQ: XELA, XELAP), a leader in business processing automation (“BPA”) today announced its collaboration with Microsoft to help Exela’s customers leverage generative AI technologies on Microsoft Azure.

Key Points: 
  • IRVING, Texas and PUNE, India, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (NASDAQ: XELA, XELAP), a leader in business processing automation (“BPA”) today announced its collaboration with Microsoft to help Exela’s customers leverage generative AI technologies on Microsoft Azure.
  • The integration combines Exela technology with Microsoft Azure OpenAI Service, providing customers with access to OpenAI’s advanced AI models with the security and enterprise promise of Azure.
  • The collaboration with Microsoft, which will initially focus on India, will further strengthen Exela’s previously announced AI initiatives.
  • Mithun Sunder, Executive Director - Chief Partner Officer, Microsoft India noted, “We are pleased to see Exela Technologies integrating the generative AI capabilities of Microsoft Azure OpenAI Service to help improve experiences and increase engagement among customers and employees.”
    Exela will use generative AI to further enhance customer service for software products like DrySign, Digital Mailroom (DMR), XBP (Exchange for Bills and Payments) and PCH (the award-winning healthcare claims processing gateway).

Exela Technologies Announces Generative AI Initiatives

Retrieved on: 
Tuesday, June 20, 2023
DMR, Classification, Marketing, Quality of life, Exchange, Digital mailroom, Research, XBP, PCH, Reading, Exela Technologies, AI, Payment, Software, Medical device, Online shopping, Customer service

IRVING, Texas, June 20, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a leader in business processing automation (“BPA”) announced today that the Company has integrated generative AI across its products and services augmenting other AI initiatives.

Key Points: 
  • IRVING, Texas, June 20, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or “the Company”) (NASDAQ: XELA, XELAP), a leader in business processing automation (“BPA”) announced today that the Company has integrated generative AI across its products and services augmenting other AI initiatives.
  • Below are some of the key use cases that are being continuously enhanced by embedding generative AI into existing workflows.
  • “We are excited to use generative AI to improve our products and services,” said Sriram Ramanathan, CTO of Exela.
  • “We believe that generative AI has the potential to positively revolutionize the way we do business.”
    Exela is committed to using generative AI in a responsible and ethical way.

Exela Technologies Inc.’s European business to go Public Through Merger with CF Acquisition Corp. VIII

Retrieved on: 
Monday, October 10, 2022
U.S. Securities and Exchange Commission, XV, Securities Act of 1933, 100,000, Risk, SEC, Sale, Growth, Parent, Tripura Merger Agreement, Xi, Mergers and acquisitions, Person, XBP, NYSE, Probability, Reading, Securities Exchange Act of 1934, Vii, Proxy, Prospectus, Forward-looking statement, Failure, COVID-19, Ownership, Name, Security (finance), Nasdaq

In connection with the transaction described herein, CFFE intends to file relevant materials with the United States Securities and Exchange Commission (SEC), including a proxy statement.

Key Points: 
  • In connection with the transaction described herein, CFFE intends to file relevant materials with the United States Securities and Exchange Commission (SEC), including a proxy statement.
  • A definitive proxy statement will be sent to all CFFE stockholders.
  • CFFE will also file other documents regarding the proposed transaction with the SEC.
  • Many actual events and circumstances are beyond the control of CFFE and XBP Europe.