By Josh Beckerman

Exela Technologies Inc. shares rose 51% to $2.27 during the regular session Monday as the company said “one of the largest franchisors in the world” will use its digital mailroom technology. The stock was recently at $2.37 after hours.
The company said the customer has “one of the most recognizable logos on the globe” and said demand has been helped by the “ever-evolving hybrid work environment.”

Last week, Exela said it received a task order from “large federal agency” to provide benefits communication services and said it renewed a contract with a “leading health organization.”
Write to Josh Beckerman at josh.beckerman@wsj.com