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'''ABBYY''' is an American (formerly based out of Russia) [[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> 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>
'''ABBYY''' is a [[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> 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>


== History ==
== History ==

Revision as of 13:28, 9 October 2024

ABBYY
Company typePrivate
FounderDavid Yang[1]
Number of employees
500 (2023) Edit this on Wikidata
Websiteabbyy.com

ABBYY is a technology company specializing in document processing,[2] data capture, process mining 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 ABBYY FineReader, an optical character recognition (OCR) computer program.[7]

History

ABBYY began in 1989, when David Yang founded BIT Software company in Moscow.[8] 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).[9] In July 1993, the company released the first version of its ABBYY FineReader text-recognition software.[10]

ABBYY entered the professional translation market in 2007. It works 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 left Russia and stopped serving the Russian market: it stopped sales/provision of services in Russia and Belarus, moved critical personnel, and filed for the liquidation of its Russian legal entities.[14]

Offices & management

The company is headquartered in Milpitas, California, with regional offices in 15 countries.[15] As of May 2023, ABBYY Group employs more than 1,000 people 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

  1. ^ "9 Tips To Manage Remote Teams - HR.com".
  2. ^ "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.
  3. ^ a b "Abbyy releases Vantage 2 and a new skills marketplace". SearchEnterpriseAI. Retrieved January 4, 2022.
  4. ^ "Marlin bets big on Abbyy's digital intelligence initiatives". VentureBeat. May 15, 2021. Retrieved January 4, 2022.
  5. ^ "How to inject Intelligent Document Processing into SAP RPA | IDM Magazine". idm.net.au. Retrieved January 4, 2022.
  6. ^ "ABBYY USA Software House Inc - Company Profile and News". Bloomberg Markets. Retrieved May 17, 2023.
  7. ^ a b Adrian Try (July 19, 2022). "ABBYY FineReader PDF Review: Is It Worth It in 2023?". Softwarehow. Retrieved May 17, 2023.
  8. ^ 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.
  9. ^ "History of Intelligent Automation and ABBYY Innovations (Infographic)" (PDF). ABBYY. 2023. Retrieved October 1, 2023.
  10. ^ "Вектор модернизации: обзор обновленного ABBYY FineReader 12". 3DNews - Daily Digital Digest (in Russian). Retrieved August 27, 2023.
  11. ^ "PwC and ABBYY to deliver digital intelligence solutions in India". www.consultancy.in. October 9, 2019. Retrieved January 12, 2022.
  12. ^ "Marlin bets big on Abbyy's digital intelligence initiatives". VentureBeat. May 15, 2021. Retrieved January 20, 2022.
  13. ^ "Marlin completes growth equity investment in ABBYY". Marlin Equity. May 19, 2021. Retrieved May 17, 2023.
  14. ^ "ABBYY is a US-based, privately-owned software company". ABBYY. Retrieved October 2, 2023.
  15. ^ "ABBYY Corporate Headquarters, Office Locations and Addresses". Craft.co. Retrieved May 17, 2023.
  16. ^ a b "ABBYY Timeline - Process Mining Software Comparison". Institute of Information Systems. May 12, 2020. Retrieved May 17, 2023.
  17. ^ "Ulf Persson, Abbyy USA Software House Inc: Profile and Biography". Bloomberg Markets. Retrieved May 17, 2023.
  18. ^ "Abbyy открыла сервис автоматической обработки документов для тех, кто не умеет программировать". CNews.ru (in Russian). Retrieved January 26, 2022.
  19. ^ "ABBYY's new no-code AI technology could be a gamechanger". healthcare-digital.com. March 28, 2021. Retrieved March 11, 2023.
  20. ^ "Abbyy releases Vantage 2 and a new skills marketplace". TechTarget. Retrieved May 8, 2023.
  21. ^ "Abbyy looks to RPA to breathe new life into scanning and workflow". TechCrunch. November 8, 2018. Retrieved March 11, 2023.
  22. ^ "ABBYY Proof of Identity simplifies document-centric digital onboarding". Help Net Security. October 12, 2022. Retrieved May 17, 2023.
  23. ^ Hainzinger, Brittany. "ABBYY updates machine learning library". App Developer Magazine. Retrieved January 26, 2022.
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