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]
 | |
 Office of ABBYY in Kyiv, Ukraine | |
| Company type | Private |
|---|---|
| Founder | David Yang[1] |
Number of employees | 1,000 (2023)  |
| Website | abbyy.com |
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
External links
- abbyy.com Official website
- "ABBYY USA Software House Inc - Company Profile and News". Bloomberg Markets. Retrieved May 17, 2023.
- Chandni U (May 16, 2021). "Company Closeup: All About ABBYY". Datatechvibe. Retrieved May 17, 2023.
- "ABBYY Archives". Help Net Security. November 2022. Retrieved May 17, 2023.
- "ABBYY - Search Results". worldcat.org. Retrieved May 17, 2023.