ABBYY
American digital intelligence company From Wikipedia, the free encyclopedia
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]
 | |
 Office of ABBYY in Kyiv, Ukraine | |
| Company type | Private |
|---|---|
| Founded | 1989 |
| Founder | David Yang[1] |
| Headquarters | , |
Area served | Worldwide |
Number of employees | 500 (2023) |
| Website | abbyy.com |
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 Milpitas 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
External links
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