10:56 AM EDT, 06/24/2024 (MT Newswires) -- Exela Technologies ( XELA ) said Monday it has won a short-term strategic contract valued at more than $35 million in security breach remediation.

The contract started in June and is expected to conclude next month.

The company said the project will be accretive to its Information and Transaction Processing Solutions segment.

Shares of Exela ( XELA ) jump nearly 18% in recent trading.

Price: 2.41, Change: +0.37, Percent Change: +17.89