ABBYY

ABBYY is an American (formerly Russian) technology company specializing in intelligent document processing, data capture, process intelligence and optical character recognition (OCR). Primarily focused on software as a service model, the company serves clients worldwide. One of ABBYY's best-known products is the ABBYY FineReader — an OCR application.

History
The history of ABBYY dates back to 1989, when David Yang founded BIT Software company in Moscow. In the early 1990s, the company introduces 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 first version of the text recognition software ABBYY FineReader was released.

ABBYY entered the professional translation market in 2007. It partners 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.

In 2022, the company declared a complete exit from the Russian market: it stopped sales/provision of services in Russia and Belarus, relocated critical personnel, and filed for the liquidation of its Russian legal entities.

Offices & management
The company is headquartered in Milpitas, California, with regional offices in 15 countries. As of May 2023, ABBYY Group employs over 1,000 employees worldwide.

ABBYY's CEO is Ulf Persson.

Company products
Additional products include NeoML, a cross-platform open-source machine learning library.
 * 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 Proof of Identity, a solution for instant recognition and verification of documents.
 * ABBYY Timeline, a platform for business process analysis and task mining.