27.12.2005 18:48:00
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Steven Ford Joins Innodata Isogen as Chief Financial Officer
Mr. Ford, who joined Innodata Isogen on Dec. 22, previously servedas Executive Vice President and Chief Financial Officer for Kroll,Inc., an independent risk consulting and security services firm basedin New York City, which is now an operating unit of Marsh McLennan(NYSE:MMC).
"I'm excited by the opportunity to join a company that'stransforming itself into a more competitive, growth-orientedorganization," Ford said. "Innodata Isogen is creating a strongpresence in its market as a premier provider of a wide range ofcontent-related services and I'm looking forward to helping thecompany achieve its full potential."
During Mr. Ford's two years as CFO of Kroll, a NASDAQ-listed firm(KROL), revenue increased from $212 million to $625 million. Inaddition, the company's market capitalization rose from $435 millionto $1.9 billion, culminating in its sale to Marsh McLennan inmid-2004.
After leaving Kroll, Mr. Ford served as Chief Financial andOperating Officer of Medley Global Advisors LLC, an independent macroeconomic research firm, where he played an integral role insuccessfully positioning the company in an auction process that closedearlier this month.
In addition, Mr. Ford has held a number of financial, treasury andcontrollership positions at publicly held companies, includingpositions as EVP and CFO of Telscape International Inc. and VicePresident, International CFO and Controller of Equifax Inc. He startedhis career with the accounting firm of Ernst & Young.
"The addition of Steven Ford to our management team gives us acritical set of skills to help us pursue and achieve our growthstrategy," said Jack Abuhoff, Innodata Isogen Chief Executive Officerand President. "His experience in mergers and acquisitions, fiscalmanagement and investor outreach will help energize our efforts andposition Innodata Isogen for future success."
Mr. Ford received his Masters in Finance from the University ofSouthern California and his Bachelors in Accounting from ClevelandState University. He is a CPA and a member of the American Instituteof Certified Public Accountants.
About Innodata Isogen
Innodata Isogen (NASDAQ: INOD) helps organizations create, manageand distribute information more effectively and economically,providing a comprehensive range of content-focused IT and BPO servicesto solve information management and publishing challenges.
Innodata Isogen is headquartered in Hackensack, New Jersey, justoutside of New York City. It has two additional solution centers inNorth America, seven production facilities in Asia (the Philippines,India and Sri Lanka) and a technology and tools development center inIndia.
Innodata Isogen (www.innodata-isogen.com) recently has been namedto both EContent Magazine's EContent 100 and KM World Magazine's 100Companies That Matter In Knowledge Management. KM World Magazine alsorecognized the unique value of the Innodata Isogen's comprehensivecontent supply chain solutions in its Trend-Setting Products annualhonors.
This release contains certain forward-looking statements,including without limitation, statements concerning the company'soperations, economic performance, and financial condition. Theseforward-looking statements are made pursuant to the safe harborprovisions of the Private Securities Litigation Reform Act of 1995.The words "believe," "expect," "anticipate," "indicate," "point to"and other similar expressions generally identify forward-lookingstatements, which speak only as of their dates.
These forward-looking statements are based largely on thecompany's current expectations, and are subject to a number of risksand uncertainties, including without limitation, continuing revenueconcentration in a limited number of clients, continuing reliance onproject-based work, worsening of market conditions, changes inexternal market factors, the ability and willingness of our clientsand prospective clients to execute business plans which give rise torequirements for digital content and professional services inknowledge processing, difficulty in integrating and deriving synergiesfrom acquisitions, potential undiscovered liabilities of companiesthat we acquire, changes in our business or growth strategy, theemergence of new or growing competitors, various other competitive andtechnological factors, and other risks and uncertainties indicatedfrom time to time in the company's filings with the Securities andExchange Commission.
Actual results could differ materially from the results referredto in the forward-looking statements. In light of these risks anduncertainties, there can be no assurance that the results referred toin the forward-looking statements contained in this release willoccur.
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Innodata Inc. | 37,10 | 0,65% |
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