Corporate History - Innodata

The company triples its revenue base in three years, moving from roughly $20 million to nearly $60 million in annual revenues.

In 2001, both Business Week and Fortune magazines name Innodata to their list of 100 top-performing public companies.

Innodata pioneers the large-scale deployment of optical character recognition technologies and introduces pace-setting turnaround times that begin to collapse the 24-hour mark.

Expanding relationships with a growing roster of blue-chip publishing clients drives the opening of major Innodata facilities across Asia including the Philippines, Sri Lanka and India.

Innodata is increasingly the content services provider of choice for the largest, most well-known publishers in the world, including West Publishing (now Thomson West), Grolier (now Scholastic) and Reed Elsevier.

The company leverages a wave of emerging digital technologies and an improving telecommunications infrastructure to create a truly global organization, organizing highly trained talent pools in Asia to support North American and European operations.

By 1992, more than 1,000 people are employed by Innodata worldwide.

The company also goes public that year.

In 1988, when Innodata Corporation was founded in New York City, the Internet was only just starting to emerge from its scientific roots to become an important commercial and social force.

The digitization of content, communications and commerce would soon create the pervasive digital environment that now helps us transact business, share knowledge and manage our increasingly global organizations.

Innodata was and is an important force in the creation of our shared digital landscape.

From its earliest days, Innodata established a reputation as a quality provider of content services in what was a pretty new category. The company invented pace-setting quality assurance and audit procedures. These internal quality procedures were published and soon became an industry benchmark.