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Irving, Texas, United States
SourceHOV is a provider of transaction processing services (TPS) and enterprise information management (EIM) services. The company offers offers workflow management system and business process outsourcing (BPO) services. It specializes in transactions for international industries including financial services, health care, public sector organizations, insurance, and legal organizations. SourceHOV was founded in 2011 and is headquartered in Irving, Texas. The company seeks to expand its business portfolio through mergers and acquisitions. It was merged with Novitex Enterprise Solutions and Quinpario Partners to form Exela Technologies on July 12, 2017.
Last updated
In 2020, Exela Technologies's revenue reached $1.3B. The company previously reported $1.6B in 2019. Since its launch in 2011, Exela Technologies has shown consistent revenue growth.
Exela Technologies reached a $3.9B valuation in 2025, set during its M&A Offer round.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | M&A Offer | - | $3.9B | - |
CEO
Ron Cogburn is the Chief Executive Officer of Exela Technologies. Prior to Exela, he served as Chief Executive Officer of SourceHOV after holding leadership roles in companies that preceded SourceHOV since 1993. He brings more than 30 years of diversified experience in executive management, claims consulting, program management, litigation support, and project management. Prior to his role as Chief Executive Officer, Mr. Cogburn was SourceHOV's President, Knowledge Process Outsourcing, from 2011 to 2013. Mr. Cogburn was the President of HOV Services, LLC from 2005 to 2007 and has been a principal of HGM since 2003. Mr. Cogburn has a BSCE in Structural Design/Construction Management from Texas A&M University and is a registered Professional Engineer.
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Exela Technologies serves 4K customers.
Exela Technologies employs approximately 1.4K people as of 2026. It serves 4K customers that rely on its solutions.
Exela Technologies generates $1.3B in revenue.
Exela Technologies was founded by Ronald Cogburn.
The CEO of Exela Technologies is Ronald Cogburn.
Exela Technologies raised $0.
Exela Technologies has 1.4K employees.
Exela Technologies is headquartered in Irving, Texas, United States.
Exela Technologies operates across multiple industries. Browse revenue, funding, and growth data for Exela Technologies in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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Valuation
$3.9B
2020 Revenue
$1.3B
Customers
4K
Funding
$0
Avg ACV
$323.2K
Team · 2021
1.4K
Founded
2011
| Year | Milestone | Source |
|---|---|---|
| 2020 | Exela Technologies Hit $1.3b revenue in December 2020 | |
| 2019 | Exela Technologies Hit $1.6b revenue in December 2019 | |
| 2011 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2021 | Reached 1.4K employees (April 2021) |
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