John Hancock Insurance Announces Strategic Relationship With Synodex

NEW YORK, NY - April 27, 2015 - INNODATA INC. (INOD) reported that John Hancock Life Insurance Company announced today a strategic relationship with Innodata`s Synodex subsidiary.  John Hancock has been a leader in the insurance industry since 1862, and is one of the largest life insurers in the United States.  

Pursuant to the strategic relationship, John Hancock will be licensing Synodex technology and further utilizing Synodex services to streamline its internal process for insurance risk assessments. Synodex`s proprietary technology will be customized to meet John Hancock`s operational needs.  Synodex anticipates that the services will commence in the fourth quarter of this year after Synodex completes the customizations. 

"We have been evaluating a number of technology solutions to enhance the efficiency and effectiveness of our underwriting process and we consider the Synodex solution to be a key component of our overall strategy," said Susan Ghalili, Vice President, Life Underwriting, John Hancock. "We anticipate that a combination of Synodex services together with the licensing of Synodex`s cutting-edge technology will allow us to not only review medical records more quickly, but also to enhance the quality of our review process.  We are eager to kick-off this initiative," Ghalili concluded.

Jack Abuhoff, Innodata Chairman and CEO, said "We believe that Synodex provides a systematic and effective model for life insurance companies to enhance internal business processes.  We are excited to have John Hancock sign on as yet another client embracing this model.  We look forward to a long-standing relationship between our companies."

About John Hancock Financial and Manulife

John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Operating as Manulife in Canada and Asia, and primarily as John Hancock in the United States, our group of companies offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Assets under management by Manulife and its subsidiaries were C$691 billion (US$596 billion) as at December 31, 2014. Manulife Financial Corporation trades as `MFC` on the TSX, NYSE and PSE, and under `945` on the SEHK. Manulife can be found on the Internet at manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers and administers a broad range of financial products, including life insurance, annuities, investments, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com.

About Synodex

Synodex, a subsidiary of Innodata (INOD), transforms medical records into computer-addressable digital data and customizable reports. This enables insurance companies to drive efficiency and cycle-time reductions in risk assessment and claim investigation while maintaining the highest levels of quality. Synodex also provides related platforms and services. For more information, contact Synodex at +1.201.371.8090.

Forward Looking Statement

This release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words "project," "head start," "believe," "expect," "should," "anticipate," "indicate," "point to," "forecast," "likely" and other similar expressions generally identify forward-looking statements, which speak only as of their dates.

These forward-looking statements are based largely on our current expectations and are subject to a number of risks and uncertainties, including without limitation, that contracts may be terminated by clients; projected or committed volumes of work may not materialize; our Innodata Advanced Data Solutions segment is a venture formed in 2011 with minimal revenue that has incurred losses since inception and has recorded impairment charges for all of its fixed assets; the primarily at-will nature of contracts with our Content Services clients and the ability of these clients to reduce, delay or cancel projects; continuing Content Services segment revenue concentration in a limited number of clients; continuing Content Services segment reliance on project-based work; inability to replace projects that are completed, canceled or reduced; difficulty in integrating and deriving synergies from acquisitions, joint venture and strategic investments; potential undiscovered liabilities of companies that we may acquire; depressed market conditions; changes in external market factors; the ability and willingness of our clients and prospective clients to execute business plans which give rise to requirements for our services; changes in our 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 our filings with the Securities and Exchange Commission.

We undertake no obligation to update or review any guidance or changes in the status of customer contracts, client relationships, or other forward-looking information, whether as a result of new information, future developments or otherwise. 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 occur.

Company Contact
Raj Jain
Vice President
Innodata Inc.
rjain@innodata.com
(201) 371-8024

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Media Contact
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