RCS - Innodata Inc. - Agility Named PR Tech Industry Fierce Competitor

InnodataAnnouncement

28/07/2022 15:30

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RNS Number : 0065U  Innodata Inc.  28 July 2022

Agility Named PR Tech Industry Fierce Competitor

NEW YORK, NY / ACCESSWIRE / July 28, 2022 / Innodata Inc
(https://pr.report/IN8S7w1L) (NASDAQ:INOD), a leading technology company,
today announced that Business Insider has recognized Innodata's Agility
platform for public relations as "fierce competition" for the industry
heavyweights.(1) The market for public relations platforms is estimated to
have grown 15% in 2021 to $5.5 billion.(2)

The latest recognition follows Agility having been named "Momentum Leader" for
the fifth consecutive quarter (https://pr.report/gUvb5NsK) by software review
site G2 (https://pr.report/b1oHSk8g) in its Summer 2022 Public Relations
Software report.

"We think we have the best product out there in terms of ease-of-use, quality
of data, AI integration, and value for money," commented Martin Lyster, CEO of
Agility. "To build on the momentum, we anticipate releasing soon an exciting
Agility product expansion that will enable us to compete in social media
analytics, the fastest-growing segment of PR tech. We believe this will be an
additional growth accelerator while further expanding our total serviceable
market with both existing subscribers and new customer prospects."

Beginning in late 2021, Innodata significantly expanded its Agility business
development team and accelerated Agility product development.

For a demo of the Agility platform, click here (https://pr.report/pHPi-h9Q) to
schedule. To learn more about Agility, see www.agilitypr.com
(https://pr.report/mDwM9bPs) . Stay updated on Agility products and news by
subscribing to Agility's monthly newsletter (https://pr.report/bCU0hfDZ) .

(1)
https://www.businessinsider.com/cision-and-meltwater-face-competition-from-smaller-pr-tech-firms-2022-6
(https://pr.report/U69ST3R-)

2 According to a recent report, "Media Intelligence and Public Relations
Software/Information Global Share & Segment Sizing 2022", by research firm
Burton-Taylor International Consulting

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 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.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended, and Section
27A of the Securities Act of 1933, as amended. Words such as "project,"
"believe," "expect," "can," "continue," "could," "intend," "may," "should,"
"will," "anticipate," "indicate," "forecast," "predict," "likely," "goals,"
"estimate," "plan," "potential," or the negatives thereof and other similar
expressions generally identify forward-looking statements, which speak only as
of the date hereof.

These forward-looking statements are based on management's current
expectations, assumptions and estimates and are subject to a number of risks
and uncertainties, including, without limitation, the expected or potential
effects of the novel coronavirus ("COVID-19") pandemic and the responses of
governments, the general global population, our customers, and the Company
thereto; impacts resulting from the rapidly evolving conflict between Russia
and the Ukraine; that contracts may be terminated by customers; projected or
committed volumes of work may not materialize; continuing reliance on
project-based work in the Digital Data Solutions ("DDS") segment and the
primarily at-will nature of such contracts and the ability of these customers
to reduce, delay or cancel projects; the likelihood of continued development
of the markets, particularly new and emerging markets, that our services
support; continuing DDS segment revenue concentration in a limited number of
customers; potential inability to replace projects that are completed,
canceled or reduced; our dependency on content providers in our Agility
segment; difficulty in integrating and deriving synergies from acquisitions,
joint venture and strategic investments; potential undiscovered liabilities of
companies and businesses that we may acquire; potential impairment of the
carrying value of goodwill and other acquired intangible assets of companies
and businesses that we acquire; a continued downturn in or depressed market
conditions, whether as a result of the COVID-19 pandemic or otherwise; changes
in external market factors; the ability and willingness of our customers and
prospective customers to execute business plans that give rise to requirements
for our services; changes in our business or growth strategy; the emergence of
new, or growth in existing competitors; various other competitive and
technological factors; the Company's use of and reliance on information
technology systems, including potential security breaches, cyber-attacks,
privacy breaches or data breaches that result in the unauthorized disclosure
of consumer, customer, employee or Company information, or service
interruptions; and other risks and uncertainties indicated from time to time
in our filings with the Securities and Exchange Commission.

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.

We undertake no obligation to update or review any guidance or other
forward-looking statements, whether as a result of new information, future
developments, or otherwise, except as may be required by the Federal
securities laws.

Company Contact

Jessie Schnurr

Innodata Inc.
JSchnurr@innodata.com (mailto:JSchnurr@innodata.com)

(201) 371-8024

SOURCE: Innodata Inc.

 

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