Exela Technologies Announces Inclusion in Russell 2000® Index and Russell 3000® Index

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IRVING, Texas, June 13, 2018 (GLOBE NEWSWIRE) -- , Inc. (“Exela” or the “Company”) (NASDAQ:XELA), one of the largest global providers of platforms for Business Process Automation (“BPA”), today announced that as part of the annual reconstitution of the Russell stock indexes, Exela has been selected to be added to the Russell 2000 Index as well as the broad-market Russell 3000 Index. The Russell index changes will be effective after the US market opens on June 25, 2018, according to a preliminary list of additions.

“We are very pleased to be added to the Russell 2000 and the Russell 3000 Indexes,” stated Ronald Cogburn, Chief Executive Officer of Exela. “After going public just one year ago, our inclusion represents an opportunity to further increase our visibility and exposure among investors. We look forward to expanding our shareholder base and working to drive additional shareholder value."

Membership in the Russell 3000 Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings and style attributes.

Russell US Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Approximately $9 trillion in assets are benchmarked against Russell US Indexes. Russell US Indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000 Index and the Russell US Indexes reconstitution, go to the “Russell Reconstitution” section on the .

Exela partners with customers to improve user experience and quality through operational efficiency. Exela serves over 3,500 customers across more than 50 countries, through a secure, cloud-enabled global delivery model. We are 22,000 employees strong at nearly 1,100 onsite customer facilities and more than 150 delivery centers located throughout the Americas, Europe and Asia. Our customer list includes 60% of the Fortune® 100, along with many of the world’s largest retail chains, banks, law firms, healthcare insurance payers and providers and telecom companies. Find out more at

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FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16.2 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on index innovation and customer partnership applying the highest industry standards and embracing the IOSCO Principles. FTSE Russell is wholly owned by London Stock Exchange Group.

For more information, visit

Contact: Jim MathiasE: W: T: 972-821-5808

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Globe Newswire: 21:05 GMT Wednesday 13th June 2018

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