Innodata Isogen Wins $2.4 Million Deal to Help Federal Agency Improve Access To Critical Information
NEW YORK, April 23, 2008 "(PressReleasePoint)".– INNODATA ISOGEN, INC. (NASDAQ: INOD) , a leading provider of knowledge process outsourcing services, announced today that it will be helping a key federal agency build information management and publishing systems that enable the agency’s analysts to extract more precise, more useful information from a broad range of international sources.
The multi-year IT services deal has an expected initial value of approximately $2.4 million in revenue, with possible expansions to support additional work.
“This is an important strategic win for us, further validating the expertise we bring to bear in an array of content technologies called semantic technologies,” said Jack Abuhoff, CEO and chairman of Innodata Isogen. “Semantic technologies help extract meaning from content. The Federal government is increasingly interested in using semantic technologies to serve national well-being and security.”
Abuhoff continued, “Importantly, this exposure enables us to bring insight and experience back to our core market segment, the information services and publishing industry. The parallels here are unmistakable. Our government clients want to enable their analysts to provide accurate and meaningful information to their customers – policymakers and warfighters – by extracting information more precisely from large and rapidly growing data repositories.
“Similarly, our information services clients want to enable their customers – such as physicians using information products to help diagnose illness, attorneys using information products to improve their clients’ likelihood of prevailing in court, and financial traders using information products to predict market trends – by extracting meaningful data across multiple repositories.
“As a consequence of our government work, we’re mastering cutting edge tools and services that effectively extract meaning from content. These technologies can be employed by government agencies as well as information services companies – both on the production side to lower the cost of product maintenance and management and on the end-user side to provide enhanced decision support.”
About Innodata Isogen
Innodata Isogen, Inc. (NASDAQ: INOD), is a leading provider of knowledge process outsourcing (KPO) services, as well as publishing and related information technology (IT) services.
We work as a product development partner to our clients, helping them meet their content creation and publishing challenges. We provide outsourcing services that draw upon onshore and offshore resources, proven project management and highly engineered processes and tools. We also help our clients improve their internal business operations with process and systems engineering.
Our clients include leading enterprises in information-intensive industries such as media, publishing and information services, high technology, manufacturing, aerospace, defense, law, government and intelligence. Recent honors include EContent magazine’s EContent 100, KMWorld magazine’s 100 Companies That Matter, the International Association of Outsourcing Professionals (IAOP) Global Outsourcing Top 100, D&B India’s leading ITeS and BPO companies and the Black Book of Outsourcing’s list of leading outsourcing providers to the printing and publishing business.
Headquartered in the New York metro area, Innodata Isogen has offices and operations in the United States, the Philippines, India, Sri Lanka, Israel, China and France.
Contact
Steven L. Ford
Executive Vice President and CFO
201-371-2510
sford@innodata-isogen.com
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