Here's Why Exela Technologies Rocketed Higher Today

Shares of Exela Technologies (NASDAQ: XELA), a business process automation company, skyrocketed Monday after the company announced a new business relationship with one of the largest franchisors in the world. Exela said that the unnamed franchisor will use its digital mailroom (DMR) service to allow remote employees to access company data securely and quickly. According to Exela, its DMR is a user-configurable document management system that digitizes mail and other documents, making them easily shareable, searchable, and secure.