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Everest Group Report Highlights the Growing Role of Intelligent Document Processing in Modernizing Public Sector Service Delivery
Globenewswire· 2026-02-18 13:00
IRVING, Texas, Feb. 18, 2026 (GLOBE NEWSWIRE) -- XBP Global Holdings, Inc. (“XBP Global” or “the Company”) (NASDAQ: XBP), a workflow automation leader that leverages decades of industry experience, a global footprint, and agentic AI to rethink business process automation and digital transformation, presents a new report from Everest Group, supported by XBP Global. Public sector organizations worldwide are accelerating the adoption of Intelligent Document Processing (“IDP”) to improve service delivery, stren ...
XBP Global Launches “Enabling the Next Era of Hyper‑Automation,” Redefining Intelligent Execution with Agentic AI
Globenewswire· 2026-02-12 13:00
Core Insights - XBP Global Holdings, Inc. has launched a campaign titled "Enabling the Next Era of Hyper-Automation," aimed at transforming business process automation by integrating intelligence, autonomy, and human judgment into enterprise workflows [1][2][4]. Company Overview - XBP Global is a multinational technology and services company with a presence in 20 countries and approximately 11,000 employees, serving over 2,500 clients, including many Fortune 100 companies [9]. Campaign Objectives - The campaign emphasizes the shift from traditional automation to intelligent, end-to-end execution, addressing the complexities and fragmented systems organizations face today [2][3]. - XBP Global aims to embed agentic AI as a core execution engine, integrating human decision-making frameworks to enhance workflow efficiency and accountability [7]. Execution Model - The company's approach features a hybrid execution model where autonomous AI agents manage repeatable tasks while humans oversee decision-making and governance, facilitating a transition from experimentation to production-grade hyper-automation [3][4]. Value Proposition - By leveraging advances in AI and deep domain expertise, XBP Global seeks to drive productivity, resilience, and long-term value creation across various industries and the public sector [4][10].
XBP Global Named to Newsweek's America's Greatest Workplaces for Culture, Belonging & Community 2026
Globenewswire· 2026-02-09 13:00
Core Insights - XBP Global Holdings, Inc. has been recognized as one of Newsweek's America's Greatest Workplaces for Culture, Belonging & Community 2026, highlighting its commitment to an inclusive workplace culture [1][2]. Group 1: Company Recognition - The recognition emphasizes XBP Global's focus on fostering an inclusive workplace where employees feel valued and connected, promoting a strong sense of belonging and community [2][4]. - The award is based on employee feedback and independent research assessing workplace culture, inclusion, belonging, and community engagement [3]. Group 2: Leadership Statements - Sandeep Sapru, President – Americas and Asia, stated that culture at XBP Global is integral to daily operations, believing that innovation and accountability thrive when employees feel a sense of belonging [3]. - The Editor-in-Chief of Newsweek noted that modern employees seek workplaces that prioritize culture and community, which helps attract top talent and fosters collaboration [4]. Group 3: Company Overview - XBP Global is a multinational technology and services company with a presence in 20 countries and approximately 11,000 employees, serving over 2,500 clients, including many Fortune 100 companies [6]. - The company specializes in intelligent workflows and agentic AI-driven automation, enabling clients to undertake significant digital transformations [7].
XBP Global Appoints Mike Shufeldt as Chief Revenue Officer to Accelerate Growth of XBP Americas
Globenewswire· 2026-01-28 13:00
Core Insights - XBP Global Holdings, Inc. has appointed Mike Shufeldt as Chief Revenue Officer (CRO) for XBP Americas to enhance revenue strategy and commercial execution, focusing on client-centric growth in the Americas [1][2][3] Group 1: Appointment and Responsibilities - The appointment of Mike Shufeldt emphasizes XBP Global's commitment to strengthening its go-to-market model and driving solution-led selling [2] - As CRO, Shufeldt will build a unified, high-performance revenue organization aimed at delivering consistent growth across various markets and industries within the Americas [2][3] Group 2: Leadership Experience - Mike Shufeldt brings over 20 years of global commercial leadership experience, having previously led significant revenue growth at ADP, achieving over 20% compound annual growth [3] - His experience includes senior leadership roles at Brink's and Iron Mountain, where he managed global revenue organizations and large-scale go-to-market transformations [3] Group 3: Company Vision and Future Goals - The CEO of XBP Global, Andrej Jonovic, expressed confidence in Shufeldt's ability to lead commercial transformations and leverage cross-sell opportunities for sustained revenue growth [3] - Shufeldt expressed enthusiasm about joining XBP Global, highlighting the company's strong solutions, client relationships, and vision for future growth [4]
XBP Global Recognized as a Leader in NelsonHall’s NEAT vendor evaluation for Healthcare Payer Agility and Innovation 2026
Globenewswire· 2026-01-14 13:00
Core Insights - XBP Global Holdings, Inc. has been recognized as a Leader in NelsonHall's 2026 Healthcare Payer Agility and Innovation Market Analysis, highlighting its strong position in the healthcare payer services market [1][8][11] Company Overview - XBP Global is a multinational technology and services company specializing in workflow automation, with a presence in 20 countries and approximately 11,000 professionals [14] - The company partners with over 2,500 clients, including many Fortune 100 companies, to facilitate hyper-automation and digital transformation [14][15] Market Position - The NelsonHall Vendor Evaluation & Assessment Tool (NEAT) identifies XBP Global as a top performer in healthcare payer services, assessing vendors based on various criteria including member services, claims management, and platform-enabled operations [2][8] - XBP Global's capabilities in intelligent document processing, workflow automation, and analytics-driven process optimization contribute to improved operational efficiency for healthcare payers [10][11] Strategic Focus - The company emphasizes its role as a centralized digital gateway across payer operations, leveraging investments in AI and agentic AI to reduce operational complexity [9][11] - XBP Global supports over 200 million healthcare subscribers and processes more than 1 million complex healthcare claims daily, underscoring its significant impact in the industry [11]
XBP Global Holdings, Inc. Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2026-01-06 13:00
Core Viewpoint - XBP Global Holdings, Inc. has regained compliance with Nasdaq's minimum bid price requirement, closing the matter regarding its stock price [1][2]. Company Overview - XBP Global is a multinational technology and services company specializing in workflow automation, with a presence in 20 countries and approximately 11,000 employees [4]. - The company partners with over 2,500 clients, including many Fortune 100 companies, to facilitate hyper-automation and digital transformation [4][5]. Compliance Update - On September 16, 2025, Nasdaq notified XBP Global that its common stock had failed to maintain the required minimum bid price of $1.00 for 30 consecutive business days [2]. - The recent notification from Nasdaq confirms that XBP Global has now regained compliance with the Listing Rule 5550(a)(2) [2].
XBP Global Partners with a Leading Property and Casualty Insurance Organization to Transform Payment Processing Through AI-Driven Automation
Globenewswire· 2025-12-29 14:22
Core Insights - XBP Global Holdings, Inc. has announced a strategic partnership with a leading U.S. property and casualty insurance provider, valued at approximately $24 million over five years, aimed at modernizing the insurer's payment ecosystem through intelligent automation solutions [1][5] Group 1: Partnership Details - The partnership will involve deploying XBP's AI-driven and RPA-infused automation platform to digitize and streamline end-to-end payment operations specifically for P&C insurance processing [2] - A key feature of this transformation is the implementation of XBP's Mobile Payment solution, which will enable secure and compliant mobile transactions for policyholders, enhancing speed and convenience [2] Group 2: Technological Implementation - XBP will utilize its Intelligent Document Processing (IDP) technology to automate the capture, extraction, and validation of payment-related data, thereby reducing manual intervention and accelerating reconciliation [3] - The engagement will also include the implementation of XBP's Exception Platform and correspondence digitization capabilities to manage exceptions intelligently, improve accuracy, and ensure faster resolution across payment workflows [3][4] Group 3: Operational Efficiency - The initiative will convert paper-based correspondence into secure digital formats, improving operational efficiency, compliance, and reducing processing time [4] - The combined capabilities will create a future-ready payments framework that integrates AI, RPA, and mobile-first innovation to support scalability and meet evolving client expectations [4] Group 4: Company Vision - The partnership reflects the growing demand for intelligent, mobile-enabled payment solutions that enhance efficiency, accuracy, and customer experience at scale [5] - XBP Global aims to modernize the client's payments infrastructure through a secure, mobile-enabled, and automation-led approach, advancing both efficiency and compliance goals [5]
XBP Global (XBP) Scores Major Inroad Into European Market
Yahoo Finance· 2025-12-17 20:33
Core Viewpoint - XBP Global Holdings, Inc. (NASDAQ:XBP) is highlighted as one of the best SaaS stocks trading at a discount, with significant recent stock performance driven by strategic agreements in Europe [1]. Company Overview - XBP Global Holdings, Inc. is a Texas-based software company that provides payment and technology services to businesses [2]. - The company has recently seen a substantial increase in its stock price, closing 989% higher after gaining $5.20 in a single day of trading [2]. Recent Developments - The stock surge was primarily due to a five-year agreement with the German firm BG-Phoenics, valued at €21.5 million, which involves digitizing 148 million pages for mail processing [2]. - This deal is expected to enhance XBP's presence in the European regulated industry [2]. - Additionally, XBP has engaged in another deal with the Swedish regional public authority, Region Uppsala, to manage administrative and healthcare records, furthering its strategy to target European public sector entities for digitization [3]. - The company has also partnered with the New York City Department of Finance for parking violation payment processing, indicating a diverse approach to expanding its service offerings [3].
XBP Global Holdings (NasdaqCM:XBP) Conference Transcript
2025-12-11 18:17
Summary of XBP Global Holdings Conference Call Company Overview - **Company Name**: XBP Global Holdings (NasdaqCM:XBP) - **Industry**: Workflow Automation and Digital Transformation - **Recent Acquisition**: Acquired Exela Technologies BPA, expanding global footprint to 20 countries and pro forma revenue to approximately $900 million annually [2][4][5] Core Business and Offerings - **Core Offerings**: Workflow automation and digital transformation solutions for over 2,500 clients, including major banks, healthcare providers, and government agencies [3][6] - **Client Contracts**: Long-term contracts with an average duration of 2-5 years; top 25 clients have been with the company for an average of 15 years [3][32] - **Revenue Concentration**: Largest client contributes 7.5% of revenue; top 10 clients account for 34% of revenue [6][3] Financial Performance - **Pro Forma Revenue**: Approximately $916 million with adjusted EBITDA of about $103 million [5] - **Debt Metrics**: Net debt to adjusted EBITDA ratio of 3.37 times, below Russell 2000 average of 3.85 times; no material debt maturities until 2028 [5][6] - **Recent Financial Trends**: Adjusted EBITDA increased by 7.4% year-over-year and 22% sequentially, driven by higher gross margins [21] Strategic Focus and Growth Opportunities - **AI Integration**: Focus on large-scale AI-led deployments to enhance efficiency and customer experience; proprietary tools include Generative AI and Agentic AI [11][12] - **Public Sector Focus**: Recent contracts with government agencies, including a $40 million contract with HMPO for digitizing historical records [15][17] - **New Contracts**: Multiple strategic wins in the U.S. and Europe, including a multi-year contract with BG Phoenix valued at up to EUR 21.5 million [23][21] Market Position and Competitive Landscape - **Market Cap**: Estimated between $50-$60 million with a net debt of $350 million and EBITDA around $100 million, valuing the company at approximately four times enterprise value to adjusted EBITDA [37] - **Competitive Edge**: Ability to be nimble and leverage advanced technology; strong relationships in the public sector expected to lead to follow-on deals [35][36] Future Outlook - **Revenue Growth Potential**: Anticipated stabilization of revenues with new contracts expected to contribute positively over the next few years [29][30] - **Debt Refinancing Plans**: Plans to refinance existing debt to achieve lower interest rates, potentially saving tens of millions annually [27][28] - **Investor Value Proposition**: Significant upside potential for investors as the company is currently undervalued compared to peers trading at 8-16 times enterprise value to adjusted EBITDA [38] Additional Insights - **Employee Efficiency**: Revenue per employee exceeds $80,000, significantly higher than the peer average of $57,000, indicating improved operational efficiency [18] - **Automation Impact**: Automation efforts have led to a steady decrease in headcount while maintaining revenue stability [17][18] This summary encapsulates the key points discussed during the XBP Global Holdings conference call, highlighting the company's strategic direction, financial health, and growth opportunities in the workflow automation industry.
XBP Global Secures Multi-Million Euro Agreement with BG-Phoenics GmbH, a Leading IT Service Provider for Statutory Insurance in Germany's Public Sector
Globenewswire· 2025-12-11 13:08
Core Insights - XBP Global Holdings, Inc. has entered into a five-year agreement with BG-Phoenics GmbH, valued at up to 21.5 million Euro, to provide workflow automation services in Germany's statutory accident insurance sector [1][2][4] Group 1: Agreement Details - The contract involves XBP Global transitioning the client's mail processing from paper-based workflows to AI-driven digital document management [2][4] - XBP Global will utilize its Intelligent Document Processing (IDP) Software platform to process and digitize up to 148 million pages during the contract period [3][4] Group 2: Strategic Positioning - This agreement enhances XBP Global's presence in the German public sector and reinforces its reputation as a strategic partner for technology-enabled document management services [2][4] - The engagement follows a competitive tender process and aligns with XBP Global's strategy to strengthen its foothold in regulated industries and key European markets [4] Group 3: Company Overview - XBP Global operates in 20 countries with approximately 11,000 professionals and partners with over 2,500 clients, including many Fortune 100 companies [6][7] - The company focuses on intelligent workflows and hyper-automation, leveraging its proprietary platforms and AI-driven automation to support digital transformations [7]