American digital intelligence company
ABBYY
Office of ABBYY in Kyiv, Ukraine
Company type
Private Founder David Yang
[1] Number of employees
1,000 (2023)
Website
abbyy.com
ABBYY is an American (formerly Russian)
technology company specializing in
intelligent document processing ,
[2]
data capture ,
process intelligence and
optical character recognition (OCR).
[3]
[4]
[5] Primarily focused on
software as a service model, the company serves clients worldwide.
[6] One of ABBYY's best-known products is the
ABBYY FineReader — an
OCR application.
[7]
History
The history of ABBYY dates back to 1989, when David Yang founded BIT Software company in Moscow.
[8] In the early 1990s, the company introduces
optical character recognition (OCR) and since then kept investing in
artificial intelligence (AI),
natural language processing (NLP) and
machine learning (ML).
[9] In July 1993, the first version of the text recognition software
ABBYY FineReader was released.
[10]
ABBYY entered the professional translation market in 2007. It partners with AI, analytics, and
RPA vendors UiPath, Blue Prism, Alteryx, PwC India, and others.
[3]
[11] In 2019, ABBYY acquired TimelinePI, a
process mining company, and Marlin Equity Partners became its biggest shareholder in 2021.
[12]
[13]
In 2022, the company declared a complete exit from the Russian market: it stopped sales/provision of services in Russia and Belarus, relocated critical personnel, and filed for the liquidation of its Russian legal entities.
[14]
Offices & management
The company is headquartered in the
Milpitas, California , with regional offices in 15 countries.
[15] As of May 2023, ABBYY Group employs over 1,000 employees worldwide.
[16]
ABBYY's CEO is Ulf Persson.
[17]
Company products
ABBYY FineReader , an application for documents and PDF files, based on ABBYY OCR technology.
[7]
ABBYY Vantage , a platform for intelligent document processing (recognition, classification, and data retrieval) of documents.
[18]
[19]
[20]
ABBYY FlexiCapture , a platform for intelligent document processing of information from documents. In 2019, natural language processing technologies were added to the solution.
[21]
ABBYY Proof of Identity , a solution for instant recognition and verification of documents.
[22]
ABBYY Timeline , a platform for
business process analysis and task mining .
[16]
Additional products include NeoML, a cross-platform open-source machine learning library.
[23]
Notes
^
"9 Tips To Manage Remote Teams - HR.com" .
^
"ABBYY, Kofax, WorkFusion, and Automation Anywhere are on the Top of Everest Group's PEAK Matrix® for IDP 2022" . RPA Master. October 5, 2022. Retrieved April 27, 2023 .
^
a
b
"Abbyy releases Vantage 2 and a new skills marketplace" . SearchEnterpriseAI . Retrieved January 4, 2022 .
^
"Marlin bets big on Abbyy's digital intelligence initiatives" . VentureBeat . May 15, 2021. Retrieved January 4, 2022 .
^
"How to inject Intelligent Document Processing into SAP RPA | IDM Magazine" . idm.net.au . Retrieved January 4, 2022 .
^
"ABBYY USA Software House Inc - Company Profile and News" . Bloomberg Markets. Retrieved May 17, 2023 .
^
a
b Adrian Try (July 19, 2022).
"ABBYY FineReader PDF Review: Is It Worth It in 2023?" . Softwarehow. Retrieved May 17, 2023 .
^ Blinnikova, Natalia (July 4, 2018).
"ABBYY Founder David Yang on AI, Building a Business and the Meaning of Life" . news.itmo.ru (in Russian). Retrieved August 27, 2023 .
^
"History of Intelligent Automation and ABBYY Innovations (Infographic)" (PDF) . ABBYY. 2023. Retrieved October 1, 2023 .
^
"Вектор модернизации: обзор обновленного ABBYY FineReader 12" . 3DNews - Daily Digital Digest (in Russian). Retrieved August 27, 2023 .
^
"PwC and ABBYY to deliver digital intelligence solutions in India" . www.consultancy.in . October 9, 2019. Retrieved January 12, 2022 .
^
"Marlin bets big on Abbyy's digital intelligence initiatives" . VentureBeat . May 15, 2021. Retrieved January 20, 2022 .
^
"Marlin completes growth equity investment in ABBYY" . Marlin Equity. May 19, 2021. Retrieved May 17, 2023 .
^
"ABBYY is a US-based, privately-owned software company" . ABBYY. Retrieved October 2, 2023 .
^
"ABBYY Corporate Headquarters, Office Locations and Addresses" . Craft.co. Retrieved May 17, 2023 .
^
a
b
"ABBYY Timeline - Process Mining Software Comparison" . Institute of Information Systems. May 12, 2020. Retrieved May 17, 2023 .
^
"Ulf Persson, Abbyy USA Software House Inc: Profile and Biography" . Bloomberg Markets. Retrieved May 17, 2023 .
^
"Abbyy открыла сервис автоматической обработки документов для тех, кто не умеет программировать" . CNews.ru (in Russian). Retrieved January 26, 2022 .
^
"ABBYY's new no-code AI technology could be a gamechanger" . healthcare-digital.com . March 28, 2021. Retrieved March 11, 2023 .
^
"Abbyy releases Vantage 2 and a new skills marketplace" . TechTarget. Retrieved May 8, 2023 .
^
"Abbyy looks to RPA to breathe new life into scanning and workflow" . TechCrunch . November 8, 2018. Retrieved March 11, 2023 .
^
"ABBYY Proof of Identity simplifies document-centric digital onboarding" . Help Net Security. October 12, 2022. Retrieved May 17, 2023 .
^ Hainzinger, Brittany.
"ABBYY updates machine learning library" . App Developer Magazine . Retrieved January 26, 2022 .
External links
Wikimedia Commons has media related to
ABBYY .