Innodata Inc.
Innodata Inc. Increases Revolving Credit Facility
Summary
On August 5, 2024, Innodata Inc. entered into a second amendment to its Credit Agreement with Wells Fargo Bank, increasing its secured revolving line of credit to up to $30 million, with the possibility of an additional increase up to $50 million, subject to lender approval. This amendment aims to support anticipated growth by providing increased access to capital.
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About Innodata Inc.
Innodata Inc. is a firm specializing in digital data transformation, offering essential services in content design, AI operations, and information management. The core purpose of Innodata is to assist organizations with leveraging technology to convert complex information and unstructured data into actionable insights and digitally accessible content. Its services extend across various industries, including publishing, finance, technology, healthcare, and legal sectors. With its diverse suite of solutions, Innodata empowers clients to streamline processes, automate data-intensive workflows, and enhance operational efficiencies. Within the financial market, Innodata plays a significant role by providing infrastructure and data management tools that fuel digital innovation, supporting organizations to adapt to the data-driven demands of contemporary business environments. Founded in 1988, the company is headquartered in Ridgefield Park, New Jersey, and continues to expand its technological footprint, helping to shape the landscape of digital information management for an increasingly interconnected world.
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