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'''ABBYY''' is an American (but founded in USSR and developed in 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 an American [[technology company]]<nowiki/>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 9 years before reloacting 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>


== History ==
== History ==
Line 24: Line 24:


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.<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>
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.<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>

=== 2024 massive developers layoffs ===

In September 2024 ABBYY fired all employees holding Russian citizenship who had left Russia in 2022 and have been working for ABBYY offices in Cyprus, Hungary and Serbia.<ref name=Sidorov>{{cite web|last=Сидоров|first=Илья|title=ABBYY массово уволила россиян из офисов на Кипре, в Венгрии и Сербии|url=https://www.iphones.ru/iNotes/abbyy-massovo-uvolila-rossiyan-iz-ofisov-na-kipre-v-vengrii-i-serbii|website=iPhones.ru — Новости высоких технологий, обзоры смартфонов, презентации Apple|date=2024-10-01}}</ref><ref>{{cite web|title=ABBYY уволила сотрудников с русскими паспортами одним днем|url=https://tproger.ru/news/abbyy-uvolila-sotrudnikov-s-russkimi-pasportami-odnim-dnem|website=Tproger|date=2024-10-01|lang=ru}}</ref><ref>{{cite web|last=Новикова|first=Людмила|title=ABBYY AI уволила всех сотрудников с российскими паспортами|url=https://www.wellnews.ru/economy/production/51499-abbyy-ai-uvolila-vseh-sotrudnikov-s-rossijskimi-pasportami.html|website=wellnews.ru|date=2024-10-01}}</ref> The company fired up to 500 people, including all software developers. Historically, all development at the company was carried out by Russian-speaking employees.<ref>{{cite web|title=Операция «Вы все молодцы»: ABBYY за час уволила почти всех российских разработчиков|url=https://www.forbes.ru/tekhnologii/522307-operacia-vy-vse-molodcy-abbyy-za-cas-uvolila-pocti-vseh-rossijskih-razrabotcikov|website=Forbes.ru|date=2024-10-01|lang=ru}}</ref><ref>{{cite web|title=IT-компания ABBYY Давида Яна массово уволила российских разработчиков. Но утверждает, что дело не в гражданстве|url=https://thebell.io/it-kompaniya-abbyy-davida-yana-massovo-uvolila-rossiyskikh-razrabotchikov-no-utverzhdaet-chto-delo-ne-v-grazhdanstve|website=The Bell|date=2024-10-01|lang=ru}}</ref>

The company commented on the layoffs, stating that it had embarked on a path of transformation. However, the exact number of those laid off was not disclosed. According to one of the company's employees, the layoffs affected personnel from Russia and Belarus, but did not affect employees from Serbia, Hungary and Ukraine. State Duma deputy [[Alexander Khinshtein]] commented on the layoffs, stating that the developers who left Russia forgot that Russians abroad are treated as second-class citizens.<ref>{{cite web|title=В ABBYY прокомментировали массовые увольнения сотрудников из России: компания «вступила на путь трансформации и модернизации»|url=https://zona.media/news/2024/10/01/abbyy|website=MeidiaZona|date=2024-10-01|lang=ru}}</ref><ref>{{cite web|title=ABBYY объяснила массовые увольнения россиян «путем трансформации»|url=https://www.rbc.ru/technology_and_media/01/10/2024/66fc3af39a794713aca5b14e|website=RBC|date=2024-10-01|lang=ru}}</ref>


== Offices & management ==
== Offices & management ==

Revision as of 18:18, 13 October 2024

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

ABBYY is an American technology companyspecializing in document processing,[2] data capture, process mining and optical character recognition (OCR).[3][4][5] It was founded in USSR and operated in Russia 9 years before reloacting to the United States. 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]

2024 massive developers layoffs

In September 2024 ABBYY fired all employees holding Russian citizenship who had left Russia in 2022 and have been working for ABBYY offices in Cyprus, Hungary and Serbia.[15][16][17] The company fired up to 500 people, including all software developers. Historically, all development at the company was carried out by Russian-speaking employees.[18][19]

The company commented on the layoffs, stating that it had embarked on a path of transformation. However, the exact number of those laid off was not disclosed. According to one of the company's employees, the layoffs affected personnel from Russia and Belarus, but did not affect employees from Serbia, Hungary and Ukraine. State Duma deputy Alexander Khinshtein commented on the layoffs, stating that the developers who left Russia forgot that Russians abroad are treated as second-class citizens.[20][21]

Offices & management

The company is headquartered in Milpitas, California, with regional offices in 15 countries.[22] As of May 2023, ABBYY Group employs more than 1,000 people worldwide.[23]

ABBYY's CEO is Ulf Persson.[24]

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.[25][26][27]
  • ABBYY FlexiCapture, a platform for intelligent document processing of information from documents. In 2019, natural language processing technologies were added to the solution.[28]
  • ABBYY Proof of Identity, a solution for instant recognition and verification of documents.[29]
  • ABBYY Timeline, a platform for business process analysis and task mining.[23]

Additional products include NeoML, a cross-platform open-source machine learning library.[30]

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. ^ Сидоров, Илья (October 1, 2024). "ABBYY массово уволила россиян из офисов на Кипре, в Венгрии и Сербии". iPhones.ru — Новости высоких технологий, обзоры смартфонов, презентации Apple.
  16. ^ "ABBYY уволила сотрудников с русскими паспортами одним днем". Tproger (in Russian). October 1, 2024.
  17. ^ Новикова, Людмила (October 1, 2024). "ABBYY AI уволила всех сотрудников с российскими паспортами". wellnews.ru.
  18. ^ "Операция «Вы все молодцы»: ABBYY за час уволила почти всех российских разработчиков". Forbes.ru (in Russian). October 1, 2024.
  19. ^ "IT-компания ABBYY Давида Яна массово уволила российских разработчиков. Но утверждает, что дело не в гражданстве". The Bell (in Russian). October 1, 2024.
  20. ^ "В ABBYY прокомментировали массовые увольнения сотрудников из России: компания «вступила на путь трансформации и модернизации»". MeidiaZona (in Russian). October 1, 2024.
  21. ^ "ABBYY объяснила массовые увольнения россиян «путем трансформации»". RBC (in Russian). October 1, 2024.
  22. ^ "ABBYY Corporate Headquarters, Office Locations and Addresses". Craft.co. Retrieved May 17, 2023.
  23. ^ a b "ABBYY Timeline - Process Mining Software Comparison". Institute of Information Systems. May 12, 2020. Retrieved May 17, 2023.
  24. ^ "Ulf Persson, Abbyy USA Software House Inc: Profile and Biography". Bloomberg Markets. Retrieved May 17, 2023.
  25. ^ "Abbyy открыла сервис автоматической обработки документов для тех, кто не умеет программировать". CNews.ru (in Russian). Retrieved January 26, 2022.
  26. ^ "ABBYY's new no-code AI technology could be a gamechanger". healthcare-digital.com. March 28, 2021. Retrieved March 11, 2023.
  27. ^ "Abbyy releases Vantage 2 and a new skills marketplace". TechTarget. Retrieved May 8, 2023.
  28. ^ "Abbyy looks to RPA to breathe new life into scanning and workflow". TechCrunch. November 8, 2018. Retrieved March 11, 2023.
  29. ^ "ABBYY Proof of Identity simplifies document-centric digital onboarding". Help Net Security. October 12, 2022. Retrieved May 17, 2023.
  30. ^ Hainzinger, Brittany. "ABBYY updates machine learning library". App Developer Magazine. Retrieved January 26, 2022.
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