Press Release: Quinpario Partners : Quinpario, SourceHOV and Novitex Complete Business Combination and Launch Exela Technologies, Inc.

Exela Technologies, Inc. (“Exela”) (NASDAQ:XELA) (NASDAQ:XELAW) (NASDAQ:XELAU), formerly known as Quinpario Acquisition Corp. 2 (NASDAQ:QPAC) (NASDAQ:QPACU) (NASDAQ:QPACW) (“Quinpario”), announced today that it has closed the previously announced business combination with SourceHOV Holdings, Inc. (“SourceHOV”) and Novitex Holdings, Inc. (“Novitex”) to become one of the largest global providers of transaction processing and enterprise information management solutions serving over 3,500 clients, including more than 60 percent of the Fortune® 100.