Innodata Further Expands Customer Engagement to Leverage Innodata AI/ML Models

NEW YORK, NY / ACCESSWIRE / January 24, 2023 / Innodata Inc. (NASDAQ:INOD), a leading data engineering company, announced today that it has signed a significant application re-engineering agreement to enable a customer to more fully leverage Innodata-built artificial intelligence / machine learning (AI/ML) models.

The latest agreement expands the Cloud migration deal Innodata announced on November 8, 2022 which enabled the customer to make greater use of Innodata's sophisticated neural network-based AI/ML language models. With the latest expansion, Innodata will continue to help the customer replace legacy applications used to track and analyze financial deals across 33 global financial markets with new AI-enabled, cloud-based applications.

Jack Abuhoff, Innodata CEO, said, "The expansion is testament to the success of our initial partnership and our ability to help our customers drive successful digital transformation that results in greater productivity and agility. By partnering with Innodata, companies can reinvent and enhance their business operations by leveraging digital technologies such as AI/ML and scalable cloud architectures. As a result of our efforts, our customer is automating routine functions, augmenting the way its most highly-valued analysts work, and positioning its business for success."

About Innodata

Innodata (NASDAQ:INOD) is a global data engineering company delivering the promise of AI to many of the world's most prestigious companies. We provide AI-enabled software platforms and managed services for AI data collection/annotation, AI digital transformation, and industry-specific business processes. Our low-code Innodata AI technology platform is at the core of our offerings. In every relationship, we honor our 30+ year legacy delivering the highest quality data and outstanding service to our customers. Visit www.innodata.com to learn more.

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Our actual results could differ materially from the results referred to in forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, uncertainty around the COVID-19 pandemic and the effects of the global response thereto and the risks discussed in Part I, Item 1A. "Risk Factors," Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations," and other parts of our Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 24, 2022, as updated or amended by our other filings that we may make with the Securities and Exchange Commission. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements will occur, and you should not place undue reliance on these forward-looking statements. These forward-looking statements speak only as of the date hereof.

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Company Contact:

Marcia Novero
mnovero@innodata.com
201-371-8015

SOURCE: Innodata Inc.