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ABBYY works with AI, analytics, and ] 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 ] 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 ] 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 ] 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>


Upon the ], that began in 2022, ABBYY immediately began closing its operations in Russia — stopped all sales, development, and provision of services 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> In September 2024 it is reported that all ABBYY employee with a Russian citizenship were dismissed for their Russian passport in branches for Serbia, Hungary and Cyprus.<ref>{{cite web |title=US IT company ABBYY has dismissed all Russian employees |url=https://www.msn.com/en-us/money/companies/us-it-company-abbyy-has-dismissed-all-russian-employees/ar-AA1rzDBW |access-date=25 October 2024}}</ref> Upon the ], that began in 2022, ABBYY immediately began closing its operations in Russia — stopped all sales, development, and provision of services 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>


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

Revision as of 06:22, 27 October 2024

American digital intelligence company

ABBYY
A text colored red with the company name
Office of ABBYY in Kyiv, Ukraine
Company typePrivate
Founded1989
FounderDavid Yang
HeadquartersAustin, Texas, United States
Area servedWorldwide
Number of employees500 (2023) Edit this on Wikidata
Websiteabbyy.com

ABBYY is an American technology company specializing in AI-powered document processing and automation, data capture, process mining and optical character recognition (OCR). It was founded in USSR and operated in Russia 9 years before relocating to the United States. Primarily focused on software as a service model, the company serves clients worldwide. One of ABBYY's best-known products is ABBYY FineReader, an optical character recognition (OCR) computer program.

History

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

ABBYY works with AI, analytics, and RPA vendors UiPath, Blue Prism, Alteryx, PwC India, and others. In 2019, ABBYY acquired TimelinePI, a process mining company, and Marlin Equity Partners became its biggest shareholder in 2021.

Upon the full-scale invasion of Ukraine by Russia, that began in 2022, ABBYY immediately began closing its operations in Russia — stopped all sales, development, and provision of services in Russia and Belarus. As of October 2024 ABBYY’s former Russian legal entities are liquidated.

Offices & management

The company was headquartered in Milpitas, California, with regional offices in 15 countries. As of May 2023, ABBYY Group had about 500 employees across 13 countries. In August 2024, ABBYY opened a new R&D centre and a Centre of Excellence in India. 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 the relocation of its headquarters to Austin, Texas. The Mipitas, California office will remain open and focus on sales, marketing and operations.

ABBYY's CEO is Ulf Persson.

Company products

  • ABBYY FineReader, an application for documents and PDF files, based on ABBYY OCR technology.
  • ABBYY Vantage, a platform for intelligent document processing (recognition, classification, and data retrieval) of documents.
  • ABBYY FlexiCapture, a platform for intelligent document processing of information from documents. In 2019, natural language processing technologies were added to the solution.
  • ABBYY Timeline, a platform for business process analysis and task mining.

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

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. "AI Giant ABBYY Makes a Power Move: Global Headquarters Shift and Leadership Shakeup". IntentTech. Retrieved October 15, 2024.
  4. ^ "Abbyy releases Vantage 2 and a new skills marketplace". SearchEnterpriseAI. Retrieved January 4, 2022.
  5. "Marlin bets big on Abbyy's digital intelligence initiatives". VentureBeat. May 15, 2021. Retrieved January 4, 2022.
  6. "How to inject Intelligent Document Processing into SAP RPA | IDM Magazine". idm.net.au. Retrieved January 4, 2022.
  7. "ABBYY USA Software House Inc - Company Profile and News". Bloomberg Markets. Retrieved May 17, 2023.
  8. ^ Adrian Try (July 19, 2022). "ABBYY FineReader PDF Review: Is It Worth It in 2023?". Softwarehow. Retrieved May 17, 2023.
  9. 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.
  10. "History of Intelligent Automation and ABBYY Innovations (Infographic)" (PDF). ABBYY. 2023. Retrieved October 1, 2023.
  11. "Вектор модернизации: обзор обновленного ABBYY FineReader 12". 3DNews - Daily Digital Digest (in Russian). Retrieved August 27, 2023.
  12. "PwC and ABBYY to deliver digital intelligence solutions in India". www.consultancy.in. October 9, 2019. Retrieved January 12, 2022.
  13. "Marlin bets big on Abbyy's digital intelligence initiatives". VentureBeat. May 15, 2021. Retrieved January 20, 2022.
  14. "Marlin completes growth equity investment in ABBYY". Marlin Equity. May 19, 2021. Retrieved May 17, 2023.
  15. "ABBYY is a US-based, privately-owned software company". ABBYY. Retrieved October 2, 2023.
  16. "ABBYY has completely withdrawn from the Russian market". Retrieved October 15, 2024.
  17. "ABBYY Corporate Headquarters, Office Locations and Addresses". Craft.co. Retrieved May 17, 2023.
  18. "Tech company with big Ai ambitions plants HQ in Austin".
  19. "New India offices". technologymagazine.com. October 1, 2024. Retrieved October 15, 2024.
  20. Timothy Malcolm (October 12, 2024). "Top AI-focused tech company moving HQ from California to Texas". Chron. Retrieved October 14, 2024.
  21. Jeff Bell (October 13, 2024). "Tech company ABBYY to relocate headquarters to Austin, Texas". kvue.com. Retrieved October 14, 2024.
  22. "Ulf Persson, Abbyy USA Software House Inc: Profile and Biography". Bloomberg Markets. Retrieved May 17, 2023.
  23. "Abbyy открыла сервис автоматической обработки документов для тех, кто не умеет программировать". CNews.ru (in Russian). Retrieved January 26, 2022.
  24. "ABBYY's new no-code AI technology could be a gamechanger". healthcare-digital.com. March 28, 2021. Retrieved March 11, 2023.
  25. "Abbyy releases Vantage 2 and a new skills marketplace". TechTarget. Retrieved May 8, 2023.
  26. "Abbyy looks to RPA to breathe new life into scanning and workflow". TechCrunch. November 8, 2018. Retrieved March 11, 2023.
  27. "ABBYY Timeline - Process Mining Software Comparison". Institute of Information Systems. May 12, 2020. Retrieved May 17, 2023.
  28. Hainzinger, Brittany. "ABBYY updates machine learning library". App Developer Magazine. Retrieved January 26, 2022.

External links

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