User:Perohanych/ABBYY

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ABBYY is a software company that produces intelligent document processing (IDP), process mining, document conversion, data capture, and intelligent process automation (IPA) software. It is headquartered in Charlotte, North Carolina.

The company's products include ABBYY Vantage, ABBYY Timeline, and ABBYY FineReader. ABBYY partners with companies such as UiPath and Blue Prism, both robotic process automation (RPA) vendors, Alteryx, a self-service analytics vendor, Carahsoft Technology, and Kodak Alaris, which specializes in professional data capture solutions.

History
The company was founded in 1989 by Armenian-born entrepreneur David Yang, who was a student at the time.

Since 2018, the company partnered with major RPA vendors to create the ABBYY FlexiCapture Connector. This allows companies to pull content into RPA platforms or push ABBYY content into RPAautomated workflow.

In 2019, the company signed a joint business relationship agreement with PwC India. This allowed the accounting and advisory firm to integrate ABBYY products into its operation centers.

In March 2021, ABBYY released Vantage, a low-code/no-code intelligent document processing platform. The company also launched ABBYY Marketplace, an open marketplace where organizations can purchase reusable AI skills. In May, Marlin Equity Partners became the company’s largest shareholder.

In June 2021, ABBYY updated its cross-platform open-source machine learning library, NeoML, so that it supported the Python programming language. Developers can use the library to build, train, and deploy machine learning models. In October, ABBYY and Carahsoft Technology formed a distribution partnership that made ABBYY’s software more available in the public sector. The companies’ software was adopted by the National Oceanic and Atmospheric Administration (NOAA), the Food and Drug Administration (FDA), and the California Department of Motor Vehicles.

In March 2022, the company opened an office in Vilnius, Lithuania. It was ABBYY’s 14th international office.

Acquisitions
In 2019, the company acquired TimelinePI, a process mining company.

In 2020, the Singapore division of Pericom Group, a digital imaging company, was acquired.

Products
ABBYY Timeline - a process mining tool; it analyzes business processes and identifies which ones should be automated; continuously monitors automation updates.

ABBYY Vantage - a low-code/no-code intelligent document processing platform.

ABBYY FineReader - an optical character recognition (OCR) application that can recognize 186 languages.