
NEW YORK, April 1, 2008-- INNODATA ISOGEN, INC. (NASDAQ: INOD), a leading provider of knowledge process outsourcing services, announced today that it has secured an outsourcing engagement worth approximately $1 million in revenue to analyze and deliver health care data to a leading provider of medical information.
Under the terms of the engagement, health care analysts from Innodata Isogen based in Asia and in the United States will analyze data provided by independent medical associations and create summaries that will be delivered to subscribers – primarily health care professionals – via the information provider’s online platform. A key part of the project is a knowledge-transfer phase, in which Innodata Isogen's staffers will work on site with its client’s employees.
“We’ve worked with many of the world’s leading medical publishers helping them create and enhance content,” said Jan Palmen, senior vice president of Innodata Isogen’s Publishing Practice. “With our experience – and a staff that includes more than 150 physicians, radiologists and paramedical professionals – we’re well equipped to help this company deliver precise, up-to-date information to its subscribers.”
KPO engagements often demand the type of skilled analysis and higher-order processing work that Innodata Isogen will perform for this client, added Jack Abuhoff, chairman and CEO.
“We combine expertise in domains such as medical information services with a multi-shore delivery model,” Abuhoff said. “Our purpose-built infrastructure enables us to field teams in India, the Philippines, Israel and the United States, creating a distributed workflow that renders rapid-scale, quality enhancements and significant economic benefits.”
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,” and International Association of Outsourcing Professionals (IAOP) “Global Outsourcing Top 100.”
Headquartered in Northern New Jersey, Innodata Isogen has offices and operations in the United States, the Philippines, India, Sri Lanka, Israel, China and France.
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “project,” “head start,” "believe," "expect," “should,” "anticipate," "indicate," "point to" and other similar expressions generally identify forward-looking statements, which speak only as of their dates.
These forward-looking statements are based largely on the company’s current expectations, and are subject to a number of risks and uncertainties, including without limitation, the primarily at-will nature of the Company’s contracts with its customers and the ability of customers to reduce, delay or terminate projects, depressed market conditions, changes in external market factors, the ability and willingness of the company’s clients and prospective clients to execute business plans which give rise to requirements for digital content and professional services in knowledge processing, difficulty in integrating and deriving synergies from acquisitions, potential undiscovered liabilities of companies that Innodata Isogen acquires, changes in the company’s business or growth strategy, the emergence of new or growing competitors, various other competitive and technological factors, and other risks and uncertainties indicated from time to time in the company’s filings with the Securities and Exchange Commission.
Actual results could differ materially from the results referred to in the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the results referred to in the forward-looking statements contained in this release will occur.
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Contact
Steven L. Ford
Executive Vice President and CFO
201-371-2510
sford@innodata-isogen.com
Leading publications around the world frequently look to Innodata Isogen for its recognized expertise on all aspects of content supply chains.
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