Thu, 19 May 2022

NEW YORK, NY / ACCESSWIRE / January 18, 2022 / Innodata Inc. (NASDAQ:INOD), a leading data engineering company, today announced that it has launched an Applied AI practice, led by Ed Funaro, who joined Innodata last month as a Vice President. Funaro has 35 years' experience leading technology practices at several of the world's leading consulting companies and was Chief Revenue Officer at Cloud Sherpas, a cloud technology company, that he helped grow from a start-up to $175 million in revenue in eight years before it was sold to Accenture in late 2015.

Innodata's Applied AI practice will help companies in multiple markets - including insurance, healthcare, and financial services - drive digital transformation with AI. The core of the practice will be Innodata's new customer-facing SaaS platform for training, deploying, and productionizing AI models, which it anticipates to be generally available in the first half of 2022. Innodata is building the platform on its proprietary horizontal AI technology, which has been developed over the past three years and applied at scale in Innodata's digital data production centers.

Rahul Singhal, Chief Product Officer at Innodata, stated, 'Our Applied AI practice will help customers drive digital transformation by turning burdensome, expensive, document-intensive manual tasks into AI-augmented, digital-first workflows that save time, drive efficiency, and deliver deeper analytical insights for better decision-making.

'We are excited to have brought on Ed to lead this charge. Ed has an impressive track record of growing companies and delivering customer success through digital transformation,' Singhal continued.

Funaro's leadership experience prior to joining Innodata includes Principal Director at Accenture, leading Accenture North America's $1.2B Cloud-First Practice after Accenture acquired Cloud Sherpas, and partner-level positions within technology practices at Capgemini, Ernst & Young, Computer Sciences Corporation (CSC), and Greenwich Technology Partners. Additionally, Funaro grew sales 38% in less than two years while at Computer Enterprises Inc. Most recently, Funaro co-founded Tquila Automation, a robotic process automation (RPA) start-up in which he was an angel investor and board member, and served as Managing Partner at Revenue Architects, a technology consulting company focused on salesforce enablement.

'I am extremely excited to join Innodata at this exciting juncture in its history,' said Funaro. 'I've been watching Innodata's technology and strategy unfold over the past year or so, and I think it is perfectly positioned to deliver value to customers who seek to innovate through AI. I am confident that I can help Innodata grow revenue and market share in this rapidly growing AI market.'

Learn more about Innodata's intelligent solutions here.

About Innodata

Innodata (NASDAQ:INOD) is a leading data engineering company. Prestigious companies across the globe turn to Innodata for help with their biggest data challenges. By combining advanced machine learning and artificial intelligence (ML/AI) technologies, a global workforce of over 3,500 subject matter experts, and a high-security infrastructure, we're helping usher in the promise of digital data and ubiquitous AI. Visit www.innodata.com to learn more.

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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 15, 2021, as updated or amended by our other filings 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. 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
jschnurr@innodata.com
201-371-8189

SOURCE: Innodata Inc.



View source version on accesswire.com:
https://www.accesswire.com/682968/Innodata-Appoints-Digital-Transformation-Veteran-Ed-Funaro-to-Lead-New-Applied-AI-Practice

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