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{{Short description|American digital intelligence company}} |
{{Short description|American digital intelligence company}} |
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{{Use mdy dates|date=July 2023}} |
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{{Use American English|date=July 2023}} |
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| type = [[Private company|Private ]] |
| type = [[Private company|Private ]] |
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| founded = 1989 |
| founded = 1989 |
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| founder = David Yang<ref>{{Cite web | url = https://www.hr.com/en/magazines/talent_management_excellence_essentials/may_2020_talent_management/9-tips-to-manage-remote-teams_ka7uy5vh.html | title = 9 Tips To Manage Remote Teams - HR.com | publisher = | author = | date = | access-date = | language = }}</ref> |
| founder = [[David Yang (businessman)|David Yang]]<ref>{{Cite web | url = https://www.hr.com/en/magazines/talent_management_excellence_essentials/may_2020_talent_management/9-tips-to-manage-remote-teams_ka7uy5vh.html | title = 9 Tips To Manage Remote Teams - HR.com | publisher = | author = | date = | access-date = | language = }}</ref> |
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| hq_location_city = [[Austin, Texas]] |
| hq_location_city = [[Austin, Texas]] |
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| hq_location_country = [[United States]] |
| hq_location_country = [[United States]] |
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| area_served = |
| area_served = Worldwide |
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| website = {{URL|https://www.abbyy.com/|abbyy.com}} |
| website = {{URL|https://www.abbyy.com/|abbyy.com}} |
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'''ABBYY''' is an American [[technology company]] specializing in [[document processing]],<ref name="rpa22">{{Cite web | url = https://rpamaster.com/abbyy-kofax-workfusion-and-automation-anywhere-are-on-the-top-of-everest-groups-peak-matrix-for-idp-2022/ | title = ABBYY, Kofax, WorkFusion, and Automation Anywhere are on the Top of Everest Group's PEAK Matrix® for IDP 2022 | publisher = RPA Master| author = | date = 2022-10-05 | access-date = 2023-04-27 | language = }}</ref> [[Automatic identification and data capture|data capture]], [[process mining]] and [[optical character recognition]] (OCR).<ref name=":2">{{Cite web |title=Abbyy releases Vantage 2 and a new skills marketplace |url=https://www.techtarget.com/searchenterpriseai/news/252498250/Abbyy-releases-Vantage-2-and-a-new-skills-marketplace |access-date=2022-01-04 |website=SearchEnterpriseAI |language=en}}</ref><ref>{{Cite web|date=2021-05-15|title=Marlin bets big on Abbyy's digital intelligence initiatives|url=https://venturebeat.com/2021/05/15/marlin-bets-big-on-abbyys-digital-intelligence-initiatives/|access-date=2022-01-04|website=VentureBeat|language=en-US}}</ref><ref>{{Cite web|title=How to inject Intelligent Document Processing into SAP RPA {{!}} IDM Magazine|url=https://idm.net.au/article/0012944-how-inject-intelligent-document-processing-sap-rpa|access-date=2022-01-04|website=idm.net.au}}</ref> It was founded in USSR and operated in Russia |
'''ABBYY''' is an American [[technology company]] specializing in AI-powered [[document processing]] and automation,<ref name="rpa22">{{Cite web | url = https://rpamaster.com/abbyy-kofax-workfusion-and-automation-anywhere-are-on-the-top-of-everest-groups-peak-matrix-for-idp-2022/ | title = ABBYY, Kofax, WorkFusion, and Automation Anywhere are on the Top of Everest Group's PEAK Matrix® for IDP 2022 | publisher = RPA Master| author = | date = 2022-10-05 | access-date = 2023-04-27 | language = }}</ref><ref>{{Cite web | url = https://intenttechpub.com/world-news/ai-giant-abbyy-makes-a-power-move-global-headquarters-shift-and-leadership-shakeup/ | title = AI Giant ABBYY Makes a Power Move: Global Headquarters Shift and Leadership Shakeup | publisher = IntentTech | author = | date = | access-date = 2024-10-15 | language = en}}</ref> [[Automatic identification and data capture|data capture]], [[process mining]] and [[optical character recognition]] (OCR).<ref name=":2">{{Cite web |title=Abbyy releases Vantage 2 and a new skills marketplace |url=https://www.techtarget.com/searchenterpriseai/news/252498250/Abbyy-releases-Vantage-2-and-a-new-skills-marketplace |access-date=2022-01-04 |website=SearchEnterpriseAI |language=en}}</ref><ref>{{Cite web|date=2021-05-15|title=Marlin bets big on Abbyy's digital intelligence initiatives|url=https://venturebeat.com/2021/05/15/marlin-bets-big-on-abbyys-digital-intelligence-initiatives/|access-date=2022-01-04|website=VentureBeat|language=en-US}}</ref><ref>{{Cite web|title=How to inject Intelligent Document Processing into SAP RPA {{!}} IDM Magazine|url=https://idm.net.au/article/0012944-how-inject-intelligent-document-processing-sap-rpa|access-date=2022-01-04|website=idm.net.au}}</ref> It was founded in the USSR and operated in Russia for nine years before moving to the United States. Primarily focused on [[software as a service]] model, the company serves clients worldwide.<ref name="bl">{{Cite web | url = https://www.bloomberg.com/profile/company/0042157D:US | title = ABBYY USA Software House Inc - Company Profile and News | publisher = Bloomberg Markets | author = | date = | access-date = 2023-05-17 | language = }}</ref> One of ABBYY's best-known products is [[ABBYY FineReader]], an [[optical character recognition]] (OCR) computer program.<ref name="fr">{{Cite web | url = https://www.softwarehow.com/abbyy-finereader-review/ | title = ABBYY FineReader PDF Review: Is It Worth It in 2023? | publisher = Softwarehow | author = Adrian Try | date = 2022-07-19 | access-date = 2023-05-17 | language = }}</ref> |
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== History == |
== History == |
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ABBYY began in 1989, when David Yang founded BIT Software company in Moscow.<ref>{{Cite web |last=Blinnikova |first=Natalia |date=2018-07-04 |title=ABBYY Founder David Yang on AI, Building a Business and the Meaning of Life |url=https://news.itmo.ru/en/news/7659/ |access-date=2023-08-27 |website=news.itmo.ru |language=ru}}</ref> In the early 1990s, the company introduced [[optical character recognition]] (OCR) and since then kept investing in [[artificial intelligence]] (AI), [[natural language processing]] (NLP) and [[machine learning]] (ML).<ref>{{Cite web | url = https://static3.abbyy.com/abbyycommedia/37719/infographic-intelligent-automation-history-timeline-en.pdf | title = History of Intelligent Automation and ABBYY Innovations (Infographic) | publisher = ABBYY | author = | date = 2023 | access-date = 2023-10-01 | language = }}</ref> In July 1993, the company released the first version of its [[ABBYY FineReader]] text-recognition software.<ref>{{Cite web |title=Вектор модернизации: обзор обновленного ABBYY FineReader 12 |url=https://3dnews.ru/805074 |access-date=2023-08-27 |website=3DNews - Daily Digital Digest |language=ru}}</ref> |
ABBYY began in 1989, when [[David Yang (businessman)|David Yang]] founded BIT Software company in Moscow.<ref>{{Cite web |last=Blinnikova |first=Natalia |date=2018-07-04 |title=ABBYY Founder David Yang on AI, Building a Business and the Meaning of Life |url=https://news.itmo.ru/en/news/7659/ |access-date=2023-08-27 |website=news.itmo.ru |language=ru}}</ref> In the early 1990s, the company introduced [[optical character recognition]] (OCR) and since then kept investing in [[artificial intelligence]] (AI), [[natural language processing]] (NLP) and [[machine learning]] (ML).<ref>{{Cite web | url = https://static3.abbyy.com/abbyycommedia/37719/infographic-intelligent-automation-history-timeline-en.pdf | title = History of Intelligent Automation and ABBYY Innovations (Infographic) | publisher = ABBYY | author = | date = 2023 | access-date = 2023-10-01 | language = }}</ref> In July 1993, the company released the first version of its [[ABBYY FineReader]] text-recognition software.<ref>{{Cite web |title=Вектор модернизации: обзор обновленного ABBYY FineReader 12 |url=https://3dnews.ru/805074 |access-date=2023-08-27 |website=3DNews - Daily Digital Digest |language=ru}}</ref> |
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ABBYY works with AI, analytics, and [[Robotic process automation|RPA]] vendors UiPath, Blue Prism, Alteryx, PwC India, and others.<ref name=":2" /><ref>{{Cite web|date=2019-10-09|title=PwC and ABBYY to deliver digital intelligence solutions in India|url=https://www.consultancy.in/news/2541/pwc-and-abbyy-to-deliver-digital-intelligence-solutions-in-india|access-date=2022-01-12|website=www.consultancy.in|language=en}}</ref> In 2019, ABBYY acquired TimelinePI, a [[process mining]] company, and Marlin Equity Partners became its biggest shareholder in 2021.<ref>{{Cite web|date=2021-05-15|title=Marlin bets big on Abbyy's digital intelligence initiatives|url=https://venturebeat.com/2021/05/15/marlin-bets-big-on-abbyys-digital-intelligence-initiatives/|access-date=2022-01-20|website=VentureBeat|language=en-US}}</ref><ref>{{Cite web | url = https://www.marlinequity.com/marlin-completes-growth-equity-investment-in-abbyy/ | title = Marlin completes growth equity investment in ABBYY | publisher = Marlin Equity | author = | date = 2021-05-19 | access-date = 2023-05-17 | language = }}</ref> |
ABBYY works with AI, analytics, and [[Robotic process automation|RPA]] vendors UiPath, Blue Prism, Alteryx, PwC India, and others.<ref name=":2" /><ref>{{Cite web|date=2019-10-09|title=PwC and ABBYY to deliver digital intelligence solutions in India|url=https://www.consultancy.in/news/2541/pwc-and-abbyy-to-deliver-digital-intelligence-solutions-in-india|access-date=2022-01-12|website=www.consultancy.in|language=en}}</ref> In 2019, ABBYY acquired TimelinePI, a [[process mining]] company, and Marlin Equity Partners became its biggest shareholder in 2021.<ref>{{Cite web|date=2021-05-15|title=Marlin bets big on Abbyy's digital intelligence initiatives|url=https://venturebeat.com/2021/05/15/marlin-bets-big-on-abbyys-digital-intelligence-initiatives/|access-date=2022-01-20|website=VentureBeat|language=en-US}}</ref><ref>{{Cite web | url = https://www.marlinequity.com/marlin-completes-growth-equity-investment-in-abbyy/ | title = Marlin completes growth equity investment in ABBYY | publisher = Marlin Equity | author = | date = 2021-05-19 | access-date = 2023-05-17 | language = }}</ref> |
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After the [[Russian invasion of Ukraine|full-scale invasion of Ukraine by Russia]] began in 2022, ABBYY began closing its sales, development, and service provision in Russia and Belarus.<ref>{{Cite web | url = https://www.abbyy.com/exits-business-operations-in-russia/ | title = ABBYY is a US-based, privately-owned software company | publisher = ABBYY | author = | date = | access-date = 2023-10-02 | language = }}</ref> As of October 2024, ABBYY’s former Russian legal entities are liquidated.<ref>{{Cite web | url = https://www.abbyy.com/exits-business-operations-in-russia/ | title = ABBYY has completely withdrawn from the Russian market | publisher = | author = | date = | access-date = 2024-10-15| language = en}}</ref> |
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On 1 October 2024, [[Radio Liberty]] reported that, according to accounts from employees, ABBYY employees with Russian citizenship had been dismissed from branches in Serbia, Hungary and Cyprus.<ref>{{Cite web | url = https://www.radiosvoboda.org/a/news-abbyy-zvilnyla-spivrobitnykiv-iz-hromadjanstvom-rf/33142470.html | title = The American company ABBYY dismissed employees with Russian citizenship | publisher = Radio Liberty | author = | date = 2024-10-01 | access-date = 2024-11-12 | language = uk }}</ref> |
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== Offices & management == |
== Offices & management == |
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The company was headquartered in [[Milpitas, California]], with regional offices in 15 countries.<ref>{{Cite web | url = https://craft.co/abbyy/locations | title = ABBYY Corporate Headquarters, Office Locations and Addresses | publisher = Craft.co | author = | date = | access-date = 2023-05-17 | language = }}</ref> As of May 2023, ABBYY Group had about 500 employees across 13 countries.<ref>{{cite web| url = https://www.bizjournals.com/austin/inno/newsletter/37035575 |title = Tech company with big Ai ambitions plants HQ in Austin}}</ref> In August 2024, ABBYY opened a new R&D centre and a Centre of Excellence in India.<ref>{{Cite web | url = https://technologymagazine.com/ai-and-machine-learning/abbyy-expands-into-india-to-capitalise-on-its-ai-demand | title = New India offices | publisher = technologymagazine.com | author = | date = 2024-10-01| access-date = 2024-10-15 | language =}}</ref> In September 2024 ABBYY dismissed part of its personnel, including some software developers. The company commented on the layoffs, stating that it had embarked on a path of transformation. |
The company was headquartered in [[Milpitas, California]], with regional offices in 15 countries.<ref>{{Cite web | url = https://craft.co/abbyy/locations | title = ABBYY Corporate Headquarters, Office Locations and Addresses | publisher = Craft.co | author = | date = | access-date = 2023-05-17 | language = }}</ref> As of May 2023, ABBYY Group had about 500 employees across 13 countries.<ref>{{cite web| url = https://www.bizjournals.com/austin/inno/newsletter/37035575 |title = Tech company with big Ai ambitions plants HQ in Austin}}</ref> In August 2024, ABBYY opened a new R&D centre and a Centre of Excellence in India.<ref>{{Cite web | url = https://technologymagazine.com/ai-and-machine-learning/abbyy-expands-into-india-to-capitalise-on-its-ai-demand | title = New India offices | publisher = technologymagazine.com | author = | date = 2024-10-01| access-date = 2024-10-15 | language =}}</ref> In September 2024 ABBYY dismissed part of its personnel, including some software developers. The company commented on the layoffs, stating that it had embarked on a path of transformation. |
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In October 2024, the company announced |
In October 2024, the company announced that it would move its headquarters to Austin, Texas,<ref>{{Cite web | url = https://www.chron.com/business/article/abbyy-california-texas-move-austin-19833442.php | title = Top AI-focused tech company moving HQ from California to Texas | publisher = Chron | author = Timothy Malcolm | date = 2024-10-12 | access-date = 2024-10-14 | language = en}}</ref> but keep the Mipitas office for sales, marketing and operations.<ref>{{Cite web | url = https://www.kvue.com/article/money/economy/boomtown-2040/abbyy-relocating-austin/269-8d29d0df-315d-4688-9d89-eefe0de3d795 | title = Tech company ABBYY to relocate headquarters to Austin, Texas | publisher = kvue.com | author = Jeff Bell | date = 2024-10-13 | access-date = 2024-10-14 | language = en}}</ref> |
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ABBYY's CEO is Ulf Persson.<ref>{{Cite web | url = https://www.bloomberg.com/profile/person/20780965 | title = Ulf Persson, Abbyy USA Software House Inc: Profile and Biography | publisher = Bloomberg Markets | author = | date = | access-date = 2023-05-17| language = }}</ref> |
ABBYY's CEO is Ulf Persson.<ref>{{Cite web | url = https://www.bloomberg.com/profile/person/20780965 | title = Ulf Persson, Abbyy USA Software House Inc: Profile and Biography | publisher = Bloomberg Markets | author = | date = | access-date = 2023-05-17| language = }}</ref> |
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* ''ABBYY FlexiCapture'', a platform for intelligent document processing of information from documents. In 2019, natural language processing technologies were added to the solution.<ref>{{Cite web|title=Abbyy looks to RPA to breathe new life into scanning and workflow|url=https://techcrunch.com/2018/11/08/abbyy-looks-to-rpa-to-breathe-new-life-in-to-scanning-and-workflow/ |
* ''ABBYY FlexiCapture'', a platform for intelligent document processing of information from documents. In 2019, natural language processing technologies were added to the solution.<ref>{{Cite web|title=Abbyy looks to RPA to breathe new life into scanning and workflow|url=https://techcrunch.com/2018/11/08/abbyy-looks-to-rpa-to-breathe-new-life-in-to-scanning-and-workflow/ |
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|access-date=2023-03-11|website=TechCrunch|date=8 November 2018 |language=en-US}}</ref> |
|access-date=2023-03-11|website=TechCrunch|date=8 November 2018 |language=en-US}}</ref> |
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* ''ABBYY Timeline'', a platform for [[Process mining|business process analysis and task mining]].<ref name="iis" /> |
* ''ABBYY Timeline'', a platform for [[Process mining|business process analysis and task mining]].<ref name="iis">{{Cite web | url = https://www.processmining-software.com/tools/abbyy-timeline/ | title = ABBYY Timeline - Process Mining Software Comparison | publisher = Institute of Information Systems | author = | date = 12 May 2020| access-date = 2023-05-17 | language = }}</ref> |
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Additional products include NeoML, a cross-platform open-source machine learning library.<ref>{{Cite web|last=Hainzinger|first=Brittany|title=ABBYY updates machine learning library|url=https://appdevelopermagazine.com/abbyy-updates-machine-learning-library/|access-date=2022-01-26|website=App Developer Magazine|language=en-US}}</ref> |
Additional products include NeoML, a cross-platform open-source machine learning library.<ref>{{Cite web|last=Hainzinger|first=Brittany|title=ABBYY updates machine learning library|url=https://appdevelopermagazine.com/abbyy-updates-machine-learning-library/|access-date=2022-01-26|website=App Developer Magazine|language=en-US}}</ref> |
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Latest revision as of 15:59, 16 December 2024
Company type | Private |
---|---|
Founded | 1989 |
Founder | David Yang[1] |
Headquarters | , |
Area served | Worldwide |
Number of employees | 500 (2023) |
Website | abbyy.com |
ABBYY is an American technology company specializing in AI-powered document processing and automation,[2][3] data capture, process mining and optical character recognition (OCR).[4][5][6] It was founded in the USSR and operated in Russia for nine years before moving to the United States. Primarily focused on software as a service model, the company serves clients worldwide.[7] One of ABBYY's best-known products is ABBYY FineReader, an optical character recognition (OCR) computer program.[8]
History
ABBYY began in 1989, when David Yang founded BIT Software company in Moscow.[9] In the early 1990s, the company introduced optical character recognition (OCR) and since then kept investing in artificial intelligence (AI), natural language processing (NLP) and machine learning (ML).[10] In July 1993, the company released the first version of its ABBYY FineReader text-recognition software.[11]
ABBYY works with AI, analytics, and RPA vendors UiPath, Blue Prism, Alteryx, PwC India, and others.[4][12] In 2019, ABBYY acquired TimelinePI, a process mining company, and Marlin Equity Partners became its biggest shareholder in 2021.[13][14]
After the full-scale invasion of Ukraine by Russia began in 2022, ABBYY began closing its sales, development, and service provision in Russia and Belarus.[15] As of October 2024, ABBYY’s former Russian legal entities are liquidated.[16] On 1 October 2024, Radio Liberty reported that, according to accounts from employees, ABBYY employees with Russian citizenship had been dismissed from branches in Serbia, Hungary and Cyprus.[17]
Offices & management
The company was headquartered in Milpitas, California, with regional offices in 15 countries.[18] As of May 2023, ABBYY Group had about 500 employees across 13 countries.[19] In August 2024, ABBYY opened a new R&D centre and a Centre of Excellence in India.[20] In September 2024 ABBYY dismissed part of its personnel, including some software developers. The company commented on the layoffs, stating that it had embarked on a path of transformation. In October 2024, the company announced that it would move its headquarters to Austin, Texas,[21] but keep the Mipitas office for sales, marketing and operations.[22]
ABBYY's CEO is Ulf Persson.[23]
Company products
- ABBYY FineReader, an application for documents and PDF files, based on ABBYY OCR technology.[8]
- ABBYY Vantage, a platform for intelligent document processing (recognition, classification, and data retrieval) of documents.[24][25][26]
- ABBYY FlexiCapture, a platform for intelligent document processing of information from documents. In 2019, natural language processing technologies were added to the solution.[27]
- ABBYY Timeline, a platform for business process analysis and task mining.[28]
Additional products include NeoML, a cross-platform open-source machine learning library.[29]
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.
- ^ "AI Giant ABBYY Makes a Power Move: Global Headquarters Shift and Leadership Shakeup". IntentTech. Retrieved October 15, 2024.
- ^ 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 has completely withdrawn from the Russian market". Retrieved October 15, 2024.
- ^ "The American company ABBYY dismissed employees with Russian citizenship" (in Ukrainian). Radio Liberty. October 1, 2024. Retrieved November 12, 2024.
- ^ "ABBYY Corporate Headquarters, Office Locations and Addresses". Craft.co. Retrieved May 17, 2023.
- ^ "Tech company with big Ai ambitions plants HQ in Austin".
- ^ "New India offices". technologymagazine.com. October 1, 2024. Retrieved October 15, 2024.
- ^ Timothy Malcolm (October 12, 2024). "Top AI-focused tech company moving HQ from California to Texas". Chron. Retrieved October 14, 2024.
- ^ Jeff Bell (October 13, 2024). "Tech company ABBYY to relocate headquarters to Austin, Texas". kvue.com. Retrieved October 14, 2024.
- ^ "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 Timeline - Process Mining Software Comparison". Institute of Information Systems. May 12, 2020. Retrieved May 17, 2023.
- ^ Hainzinger, Brittany. "ABBYY updates machine learning library". App Developer Magazine. Retrieved January 26, 2022.
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.