Business Insider Names Agility Fierce Competitor in $5.5 Billion PR Tech Industry

Rhea-AI Summary

Innodata Inc (NASDAQ:INOD) announced that its Agility platform has been recognized by Business Insider as a strong competitor in the $5.5 billion public relations tech market, which grew by 15% in 2021. This accolade follows Agility being named a 'Momentum Leader' by G2 for five consecutive quarters. CEO Martin Lyster expressed confidence in Agility's capabilities and mentioned an upcoming product expansion targeting social media analytics. Since late 2021, the company has been actively enhancing its Agility business development team and accelerating product development.

Positive

• Agility recognized as a fierce competitor in the $5.5 billion PR tech market.
• Named 'Momentum Leader' by G2 for five consecutive quarters.
• Anticipated product expansion into social media analytics to drive growth.
• Significant investment in business development and product development since late 2021.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / July 28, 2022 / Innodata Inc (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 by software review site G2 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 to schedule. To learn more about Agility, see www.agilitypr.com. Stay updated on Agility products and news by subscribing to Agility's monthly newsletter.

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

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
(201) 371-8024

SOURCE: Innodata Inc.

View source version on accesswire.com:
https://www.accesswire.com/710049/Business-Insider-Names-Agility-Fierce-Competitor-in-55-Billion-PR-Tech-Industry

FAQ

What recognition did Innodata's Agility platform receive in July 2022?

In July 2022, Innodata's Agility platform was recognized by Business Insider as a fierce competitor in the public relations tech market.

What market size does the public relations tech industry have as of 2021?

The public relations tech industry was estimated to be $5.5 billion in size as of 2021.

How many consecutive quarters has Agility been named a 'Momentum Leader' by G2?

Agility has been named a 'Momentum Leader' by G2 for five consecutive quarters.

What expansion is Innodata planning for the Agility platform?

Innodata plans to expand Agility to include features for social media analytics.

When did Innodata significantly expand its Agility business development team?

Innodata significantly expanded its Agility business development team beginning in late 2021.