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 didn't say which franchisor specifically, but that didn't appear to curb investors' enthusiasm. The tech stock closed the trading session up by a mind-blowing 51.3%.

Exela said that the unnamed franchisor will use its digital mailroom (DMR) service to allow remote employees to access company data securely and quickly. 

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Source Fool.com