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Founded 2011

Exela Technologies

2020 Revenue






How Exela Technologies hit $1.3B in Revenue with 4K Customers in 2020.

About Exela Technologies

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.

Monthly Revenue


- $22.5M (-17.26%)
Total Expenses


Net Income


Ebidta Margin


YOY Growth


Rule of 40



IrvingTexasUnited States

Exela Technologies Revenue

In 2020, Exela Technologies revenue run rate hit $1.6B in revenue.


Exela Technologies Valuation and Funding History

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Funding DateRoundAmountTotalValuation


Exela Technologies has 4K customers.

Lifetime Months

Monthly ARPU

Lifetime Dollars

Acquisition Cost

Average Annual Price



Exela Technologies has an annual churn rate of 0.00%

Churn vs Expansion

Gross Annual Dollar Churn


Annual Dollar Expansion


Net Revenue Retention




Exela Technologies has 1,449 employees.


Total Team Size









Ronald Cogburn

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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Frequently Asked Questions about Exela Technologies

When was Exela Technologies founded?

Exela Technologies was founded in 2011.

Who is the CEO of Exela Technologies ?

The CEO of Exela Technologies is Ronald Cogburn

How many employees does Exela Technologies have?

Exela Technologies has 1,449 employees.

How much revenue does Exela Technologies generate?

Exela Technologies generates $1.6B in revenue.

How much funding does Exela Technologies have?

Exela Technologies has raised $0.0.

Where is Exela Technologies headquarters?

Exela Technologies is headquartered at IrvingTexasUnited States

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