News on Medial

Australian IT firm Appen gets merger bid from US-based Innodata

Reuters · 1y

AI training provider, Appen, has received a non-binding proposal from Innodata to acquire the company. The terms of the deal have not been disclosed. Appen stated that it is assessing the potential value of Innodata's offer and has agreed to a limited exchange of confidential information. This proposal comes as Appen faces challenges in the operating environment and weak global demand. The company has recently implemented cost-saving measures to mitigate the impact.