Two Leading Global Enterprises Choose Innodata's Isogen Division to Build Customized Content Management and Publishing Systems for Product and Technical Information.

Business Editors

NEW YORK--(BUSINESS WIRE)--March 26, 2003

Innodata Corporation (NASDAQ: INOD)

- Leading IT and computer products manufacturer signs $850,000 contract with ISOGEN to build an XML-based, single-source publishing system supporting 34 languages

- Major food marketer selects ISOGEN to design and build XML-based, single-source content management and document publishing system for engineering and other technical information

- Approximate value of combined deals is $1 million

Innodata Corporation (NASDAQ: INOD), a leading provider of digital content services, today announced that its ISOGEN International professional services subsidiary has signed contracts with two leading global enterprises to design and build customized content management and publishing systems.

The two contracts have a combined value of approximately $1 million.

Pursuant to the terms of a non-disclosure agreements, the names of the clients were not disclosed.

Under the first agreement, ISOGEN will build an XML-based, single-source publishing system supporting the creation of technical, product support and other enterprise documents in 34 languages. The system will feature a customized authoring and publishing environment and an advanced architecture for linking and cross-referencing multilingual content across multiple product lines.

ISOGEN estimates that the contract, which was signed in late December 2002, should generate approximately $850,000 in revenues in 2003.

Under the second agreement, ISOGEN will build a content management and document publishing system for a major food marketer. The XML-based, single-source system will be used by electrical engineers who construct and maintain the company's high-tech food processing plants. The agreement - encompassing requirements analysis and systems design - is valued at more than $200,000. The deal was finalized this month.

"Companies that have critical information management publishing requirements - and these days that includes nearly all Global 2000 enterprises - are looking for ways to speed the creation of complex documents while reducing production costs," said Jack Abuhoff, chairman and CEO of Innodata, ISOGEN's parent. "Innodata and ISOGEN together have a powerful set of capabilities that enable our clients' to transform inefficient business processes and to create competitive advantage."

"We win assignments like these because we repeatedly demonstrate the ability to implement solutions that go beyond technological savvy to the underlying business and user requirements," said George Kondrach, president of Innodata's ISOGEN subsidiary. "And I think that we're able to surprise our partners with quantum leaps in performance and value because we judge our success by the same business-based criteria that they use to evaluate the impact of an implementation."

Innodata's high-value content services provide a complete solution for content owners, aggregators and publishers looking to cut costs, focus on core competencies and gain competitive advantage. These services include:

- Data Conversion Services

- Digitization & Imaging Services

- XML Services and Training

- Systems Integration and Professional Services

- Outsourced Editorial Services

About Innodata

Innodata (www.innodata.com) is the world's leading dedicated provider of digital content services and solutions. Innodata delivers content manufacturing, content conversion, systems engineering, and education in XML and related standards to leading companies in fields as diverse as publishing, telecommunications, healthcare, and defense. Innodata's seven content manufacturing centers based in Asia provide peerless outsourced support to companies worldwide, and its ISOGEN subsidiary (www.isogen.com) offers advanced systems engineering and education at four U.S.-based solutions centers. In 2001, Fortune and Business Week each rated Innodata as one of the 100 top-performing public companies in the United States.

This release contains certain forward-looking statements, including without limitation, statements concerning the Company's operations, economic performance, and financial condition. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," 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, continuation or worsening of present 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 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 in fact occur.