November 17, 2000 - Innodata Names Abraham Biderman to Board of Directors; Company Continues to Diversify Board

NEW YORK--(BUSINESS WIRE)--Nov. 17, 2000--Innodata Corporation (Nasdaq:INOD), a leading provider of digital content outsourcing services, today announced the addition of Abraham Biderman to its Board of Directors. Biderman, a CPA, is Executive Vice President of Lipper & Company, a diversified financial services and money management firm. He is also Managing Director of the Lipper Funds, Inc., a mutual fund family comprised of three publicly traded mutual funds, and of the Lipper Prime Asset Management/Lipper Leumi Asset Management, a provider of asset management services to foreign investors.

Prior to joining Lipper & Company in 1990, Biderman served as special advisor to the Deputy Mayor and then to the Mayor of New York City during the Koch administration. Biderman has held various other positions with the City of New York including Commissioner of the Department of Housing, Preservation and Development; Commissioner of the Department of Finance; and Chairman of the Employee Retirement System.

Commenting on the appointment, Jack Abuhoff, President and CEO, said, "The addition of Abe and the recent appointment of Charles Goldfarb, the inventor of SGML, bring significant and important outside experience to our Board of Directors. Abe brings a wealth of business and financial expertise, as well as important ties to the New York financial world. I am pleased that Abe will have a hand in the future of Innodata."

Biderman is a Director of the Municipal Assistance Corporation of the City of New York; a member of the Housing Committee of the Real Estate Board of New York; a Director of the NYC Public/Private Initiatives, Inc.; a Director of M-Phase Technologies, Inc.; and is also on the board of numerous not-for-profit and philanthropic organizations.

Innodata is the premier provider of digital content outsourcing services. The company offers a "single solution" for companies needing to create high-value, large-scale Web content. This approach empowers companies to become market leaders by focusing on product development and marketing while partnering with Innodata to build content. Innodata's digital content outsourcing services include strategic and technical consulting for content initiatives across multiple digital channels, content architecture services, data conversion, metadata creation, and digital content management. Through its XML Content Factory(TM), it builds large-scale XML-compliant information resources. Innodata's clients range from leading Global 1000 companies to new media companies, and include some of the largest and most prestigious publishers of digital content. Its web site is http://www.innodata.com.

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CONTACT:
Financial Communications
Lippert/Heilshorn Associates, Inc., New York
Jody Burfening / Ted Crawford
212/838-3777
jody@lhai.com / ted@lhai.com