Articles from ABBYY
ABBYY hosted its third annual AI Pulse Developer Conference and Hackathon July 9-10 where 35 entrants registered to build their most innovative solutions using Document AI with AI agents and generative AI technologies to solve real-world enterprise problems. Four teams wowed the more than 300 attendees winning categories for Best Overall App, Best Use of an ABBYY Product, Best Integration of Third-Party AI, and an honorary mention of a Student Excellence Award.
By ABBYY · Via Business Wire · July 22, 2025
ABBYY is meeting the $5.3 billion market demand for purpose-built AI to deliver process optimization1 by offering two new Process AI solutions: Process AI for Consulting (PAIC) and IDP Analytics. The solutions provide ABBYY partners and customers with advanced process insights and optimized document-centric operations.
By ABBYY · Via Business Wire · July 15, 2025
The power of ABBYY AI was recognized by the Newsweek AI Impact Awards taking the top honor in the category, “AI in Finance: Best Outcomes, Accounting.”
By ABBYY · Via Business Wire · June 18, 2025
ABBYY today announced that more than 18,000 students have graduated or completed courses at ABBYY University, a free, virtual learning program offering technical training for ABBYY’s portfolio of Document AI and Process AI solutions.
By ABBYY · Via Business Wire · June 11, 2025
ABBYY is solving organizations’ challenges in meeting evolving and disparate artificial intelligence (AI) compliance standards by making its AI Risk Management Policy publicly available and working with partners to provide a solution that makes it easier to monitor document AI-related risk compliance.
By ABBYY · Via Business Wire · May 21, 2025
Today, the global leader in purpose-built AI for intelligent automation, ABBYY, appointed Arnaud Lagarde as its new Vice President of Sales for EMEA.
By ABBYY · Via Business Wire · May 13, 2025
ABBYY is hosting its flagship virtual event, ABBYY Ascend, June 10 to help business leaders, developers and automation professionals better understand how to improve processes and leverage business data with purpose-built AI. The event will feature ABBYY’s latest innovations in Document AI and Process AI as well as practical strategies for navigating common challenges associated with agentic AI and large language models (LLMs), addressing the industry’s need for guidance on integrating emerging technologies with purpose-built solutions to achieve real outcomes.
By ABBYY · Via Business Wire · May 6, 2025
For the seventh year in a row, ABBYY is recognized as a Leader in Everest Group’s Intelligent Document Processing (IDP) and Banking and Financial Services (BFS)-specific IDP Products PEAK Matrix® Assessment 2025. With businesses facing increasing pressure to reliably automate document-centric processes to reduce costs and improve efficiency, the IDP Products PEAK Matrix® Assessment provides expert analysis of IDP offerings including those specific to the banking and financial services (BFS) industry.
By ABBYY · Via Business Wire · May 5, 2025
To solve the increasing pressure developers have to extract reliable and consistent data from business documents, ABBYY today introduced ABBYY Document AI™, available through a self-service application programming interface (API). The ABBYY Document AI API was built with the developer’s experience in mind, allowing users to effortlessly transform unstructured business documents into structured, highly accurate data with just a few lines of code, making it easier to try, integrate, learn and purchase industry leading optical character recognition (OCR) and intelligent document processing (IDP) solutions.
By ABBYY · Via Business Wire · April 15, 2025

ABBYY has established AI Labs across the United States, Hungary and India to accelerate development of purpose-built AI for intelligent document processing and process automation. The teams of innovators are creating transformative solutions that redefine industry standards for reliable AI and enterprise security and compliance, capitalizing on new market possibilities driven by agentic AI and the need for more developer-friendly experiences.
By ABBYY · Via Business Wire · March 11, 2025

ABBYY’s worldwide network of partners grew by 20% during 2024 as organizations continue to increase their artificial intelligence budgets to improve process automation. ABBYY’s purpose-built AI empowers partners including consultancy Deloitte, technology partners Microsoft, IBM, and Blue Prism, and solution vendors such as FUJIFILM Business Innovation (BI) Australia, Novelis, and Roboyo to improve and accelerate processes dependent on information found within documents.
By ABBYY · Via Business Wire · February 27, 2025

Businesses today need more than AI hype—they need real, measurable outcomes. ABBYY is answering this demand with the launch of its 2025 ABBYY AI Summit Series, a global in-person event designed to help enterprises turn AI investments into scalable business value. Taking place in Vienna, Austin, and London in April and May, this series builds on last year’s sold-out event, expanding to meet increasing demand for practical AI applications that drive efficiency, compliance, and ROI.
By ABBYY · Via Business Wire · February 25, 2025

ABBYY today announced it is exhibiting at the annual AI Summit New York December 11-12 where it will showcase Phoenix, its newest multimodal model, and other enterprise-ready solutions that deliver precise data from documents to fuel business process automation.
By ABBYY · Via Business Wire · December 5, 2024

ABBYY intelligent document processing (IDP) continues its reign as a market leader in QKS Group SPARK Matrix evaluation for the fourth consecutive year while also taking the #1 position in Technology Excellence. ABBYY is credited for taking an innovative approach to IDP with its ABBYY Vantage platform merging “cutting-edge Purpose-Build AI technologies with user-friendly interfaces to address the complex document processing requirements of businesses and organizations globally.”
By ABBYY · Via Business Wire · December 3, 2024

ABBYY today previewed a suite of new innovative capabilities for purpose-built AI that empower businesses to simplify success and accelerate ROI in their automation initiatives. These include Phoenix, a multi-modal approach to zero-shot learning leveraging small language models and purpose-built for document tasks, a Secure Large Language Model (LLM) Gateway, and enterprise-ready tools and applications that enable global enterprises to gain more value and insight into business-critical document processes. Announced at ABBYY Ascend 2024, the latest AI innovations are centralized in the new ABBYY Purpose-Built AI Center to help innovation leads and developers discover the array of tools available from ABBYY to accelerate application building.
By ABBYY · Via Business Wire · October 30, 2024

ABBYY is relocating its global headquarters from California to Austin, Texas, joining other leading tech companies like Google, Apple, Tesla, and Oracle in the region’s growing “Silicon Hills.” This move is part of a broader transformation, with new leadership talent and streamlined operations aimed at strengthening ABBYY’s position as a trusted leader in intelligent document processing, process intelligence, and intelligent automation.
By ABBYY · Via Business Wire · October 10, 2024

Intelligent automation company ABBYY has announced a new virtual event series to highlight the latest developments and innovations in artificial intelligence aimed at helping global enterprises accelerate their digital transformation. Debuting on October 30, ABBYY Ascend will showcase how businesses across industries can leverage purpose-built AI to advance automation initiatives for greater efficiency and ROI.
By ABBYY · Via Business Wire · October 1, 2024

A new survey from intelligent automation company ABBYY finds that fear of missing out (FOMO) plays a big factor in artificial intelligence (AI) investment, with 63% of global IT leaders reporting they are worried their company will be left behind if they don’t use it.
By ABBYY · Via Business Wire · August 28, 2024

The second annual Intelligent Automation Month takes place during September 2024 with online programs designed to help organizations from every industry understand the impact of purpose-built AI and how it can advance their business.
By ABBYY · Via Business Wire · August 14, 2024

ABBYY is meeting growing global demand for its purpose-built AI solutions with the opening of new offices in India. A research and development (R&D) center located in Bengaluru and Center of Excellence in New Delhi are pivotal to enhancing ABBYY's capabilities to deliver localized solutions and drive success for partners and customers worldwide.
By ABBYY · Via Business Wire · July 30, 2024

ABBYY, a leading provider of purpose-built AI for intelligent automation, today launched the ABBYY Most Valuable Professional (MVP) program highlighting inaugural members of its technical community. The ABBYY MVP program awards the title of MVP to developers and technical users who demonstrate exceptional proficiency in ABBYY AI and significant contribution to the ABBYY community, recognizing them for innovative use of AI technologies and their efforts to share their expertise with others. ABBYY MVPs are go-to individuals for insights and feedback, driving successful adoption and value from ABBYY solutions.
By ABBYY · Via Business Wire · July 11, 2024

ABBYY for a second time is recognized as a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms. ABBYY’s process intelligence platform, ABBYY Timeline, was the first to highlight the importance of unstructured and semi-structured documents driving processes and is considered a game changer for customers needing to make decisions that are actionable in real time.
By ABBYY · Via Business Wire · June 25, 2024

ABBYY has been recognized for the sixth consecutive year as a Leader in Everest Group’s Intelligent Document Processing (IDP) Products PEAK Matrix® Assessment 2024. ABBYY is highlighted for its vision and capability with ABBYY Vantage, the industry’s only low-code/no-code IDP solution that integrates easily into any intelligent automation platform, and complimentary ABBYY Marketplace of AI skills that simplifies the utility of large language models (LLMs) and expedites the creation of trusted AI applications purpose-built for complex business scenarios.
By ABBYY · Via Business Wire · May 29, 2024

ABBYY, the global leader in purpose-built AI for intelligent automation, has appointed Clayton C. Peddy as its Chief Information Security Officer (CISO). As CISO, he will lead the company's infosec initiatives ensuring ABBYY continues to maintain the highest standards of data protection, regulatory compliance, and innovation for its customers.
By ABBYY · Via Business Wire · May 21, 2024

ABBYY is meeting businesses’ demand for the high-quality data required for fueling effective use of large language models (LLMs) with its redesigned marketplace of AI document skills. With contributions from ABBYY and its robust network of global partners, the ABBYY Marketplace is an online library of purpose-built AI assets used to extend the capabilities of ABBYY Vantage, its low-code intelligent document processing (IDP) platform for highly accurate and efficient extraction of data from documents.
By ABBYY · Via Business Wire · May 15, 2024

ABBYY has announced its support of non-profit public charity ForHumanity to assist financial services organizations in meeting new regulations on the use of artificial intelligence (AI). ABBYY will be a co-leader of a working group focused on establishing audit criteria for using Artificial Intelligence, Algorithmic and Autonomous systems (AAA), and will share how financial services organizations can operationalize trustworthy AI using process intelligence at the ABBYY AI Summit being held May 15 at Emirates Stadium, London, UK.
By ABBYY · Via Business Wire · May 8, 2024

Today ABBYY, a leader in purpose-built AI for intelligent automation, announced its inaugural AI Summit London, which will take place at Emirates Stadium on May 15, 2024.
By ABBYY · Via Business Wire · May 7, 2024

ABBYY, a leader in purpose-built AI for intelligent automation, today announced that Nagarro improved its invoice processing lifecycle by deploying ABBYY Vantage into its global SAP unit’s Invoice Scanner for SAP S/4HANA®. Nagarro is now able to provide customers more visibility into the amount of money saved using Invoice Scanner over manual methods while reducing invoice processing times by 60% and increasing accuracy. ABBYY Vantage is an industry-leading intelligent document processing platform (IDP) that uses AI to automatically read and understand documents like humans and was a driving factor in enabling Nagarro to realize significant operational enhancements.
By ABBYY · Via Business Wire · April 9, 2024

Novelis Innovation’s momentum for deploying ABBYY purpose-built artificial intelligence (AI) solutions in Europe is expanding into the United States. Novelis successfully used ABBYY’s portfolio of intelligent automation solutions to drive greater document efficiency and strategic process visibility for several European clients in government, banking, and insurance, and Novelis will replicate this success in the United States with a broadened partnership with ABBYY.
By ABBYY · Via Business Wire · March 5, 2024

ABBYY reported a 60% increase in new annual recurring revenue (ARR) in 2023 for its artificial intelligence (AI) platform for intelligent document processing (IDP), ABBYY Vantage. The high demand was driven by organizations wanting to leverage large language models (LLMs) for business applications, requiring ABBYY’s purpose-built AI to transform their enterprise data to fuel models with relevant information. By refining the scope of AI models to more specific document contexts, ABBYY IDP helps organizations benefit from LLMs without consequences in efficiency or accuracy associated with generative AI. In fact, in just the past year, ABBYY’s IDP portfolio processed1.45 trillion document pages.
By ABBYY · Via Business Wire · February 13, 2024

ABBYY, a market leader in purpose-built AI for intelligent automation, has announced the appointment of Patrick Jean “PJ” as Chief Product & Technology Officer (CPO/CTO) and a member of the executive management team. PJ has served in several executive engineering and leadership roles over his 20-year career and has a successful track record winning market share that drives demonstrable revenue. He will lead global product and technology teams with a primary focus on accelerating time-to-market for ABBYY’s intelligent document processing and process intelligence solutions to deliver measurable value to global enterprise customers faster.
By ABBYY · Via Business Wire · December 14, 2023

ABBYY, a leader in AI-powered intelligent automation, has appointed Brian Unruh as Chief Financial Officer (CFO) and a member of the executive management team. Unruh brings 20 years of experience serving in executive management positions at public and private equity-backed software and platform-as-a-service companies, as well as 10 years of corporate value creation advisory in both public accounting and private equity roles. His decisive and goal-oriented approach has consistently resulted in double-digit recurring revenue growth, go-to-market readiness, and strong returns on investment. His track record includes transforming functional organizations, business processes, and systems for scale.
By ABBYY · Via Business Wire · October 31, 2023

The economy may have had a downward impact on enterprise investments, but these increased exponentially when implementing AI, according to 82% of IT executives taking part in the latest State of Intelligent Automation Report: Impact of the Economy on AI Priorities, commissioned by ABBYY.
By ABBYY · Via Business Wire · September 20, 2023

ABBYY, the leader in intelligent automation, joins the Arsenal family becoming the Official Intelligent Automation Partner of Arsenal Women. ABBYY and Arsenal are both recognized leaders in their fields redefining what it takes to change the game through continuous innovation and commitment to excellence. The partnership will leverage the power of artificial intelligence to deliver outstanding experiences to Arsenal supporters globally and make a positive impact in the community.
By ABBYY · Via Business Wire · September 7, 2023

Industry leaders in intelligent automation are joining forces to dedicate September as Intelligent Automation Month. Programs will highlight the impact of artificial intelligence (AI) with automation on businesses across the globe – changing the way individuals work, and how companies can achieve operational efficiency and customer excellence.
By ABBYY · Via Business Wire · August 21, 2023

ABBYY today announced the appointment of Chip VonBurg to Chief Customer Officer (CCO), reinforcing ABBYY’s commitment to helping its customers achieve their intelligent automation goals faster. VonBurg is a veteran leading impactful customer-success initiatives and, as a member of the executive management team, will focus on ensuring its customers worldwide leverage ABBYY intelligent document processing (IDP) and process intelligence solutions to put their information to work and transform their data into more intelligent actionable outcomes.
By ABBYY · Via Business Wire · August 8, 2023

ABBYY, a leader in intelligent automation, and management consulting firm Doculabs have announced they formed a strategic partnership to help their clients experience a faster and more impactful intelligent automation journey.
By ABBYY · Via Business Wire · July 11, 2023

ABBYY today released its Intelligent Document Processing (IDP) Global Trends & Outcomes Report highlighting document challenges and opportunities driving enterprise intelligent automation initiatives. The report provides innovation leaders with key insights into how businesses are optimizing document-centric processes to achieve operational excellence, improve the customer experience, and accelerate business value.
By ABBYY · Via Business Wire · June 6, 2023

ABBYY, a global leader of intelligent automation solutions, today announced it has appointed Neil Murphy to Chief Sales Officer (CSO). He will be focused on extending the company’s focus on helping global enterprises put their information to work and accelerate business value from their digital transformation initiatives.
By ABBYY · Via Business Wire · May 23, 2023

ABBYY today announced it has expanded its partnerships that serve state and local government agencies. Data from the Government Accountability Office revealed that federal IT legacy systems cost over $330 million annually to maintain, while delivering sub-optimal service and carrying risks inherent to older platforms. To address the agencies’ needs to modernize both back-end and consumer-facing IT systems, ABBYY partnerships will expand the accessibility of its intelligent automation solutions to streamline cumbersome processes, enhance citizen experiences and improve the overall ability to meet constituents’ needs.
By ABBYY · Via Business Wire · April 25, 2023

ABBYY today announced it has been named a Leader in the Gartner 2023 Magic Quadrant for Process Mining Tools. According to the report, “Process mining tools deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organization’s critical priorities. In this report, Gartner examines market forces and enterprise vendors of such software.”
By ABBYY · Via Business Wire · April 6, 2023

ABBYY has once again been named a leader in intelligent automation technologies. Renowned analyst firm ISG has placed ABBYY as a global leader for both intelligent document processing (IDP) and process and task mining. ABBYY’s leadership position extends across the US, UK, Germany, the Nordics, and Brazil markets.
By ABBYY · Via Business Wire · February 8, 2023

Organizations can now achieve the highest levels of operational excellence that improve employee productivity and customer experiences while accelerating profitability goals with ABBYY Timeline 6.0. Recognized as a leader in process mining by NelsonHall, ISG, Zinnov Zones, Quadrant Knowledge Solutions, and GigaOm, Timeline identifies automation opportunities and builds new optimized processes up to 80% faster.
By ABBYY · Via Business Wire · January 31, 2023

With a rising demand for intelligent automation in the enterprise and the market expected to soar to $49 billion by 20261, ABBYY is honored to have been named a leader by 10 industry analyst firms in 2022.
By ABBYY · Via Business Wire · January 25, 2023

METRO Digital transformed its account payable process using ABBYY intelligent automation solutions resulting in processing customer invoices up to 90% faster. As the technology arm for METRO AG, an international wholesale company with 17 million customers in 30+ countries within the hotel, restaurants and catering industry, Metro Digital is now able to streamline and speed invoice processing worldwide from up to two days to about one hour, thereby enabling more clients to take advantage of customer benefits and accelerate revenue for the company.
By ABBYY · Via Business Wire · January 17, 2023

A staggering nine-in-10 businesses experience some form of abandonment during the customer onboarding process with the banking sector experiencing the highest rate at almost 1-in-4 dropping out. However, simple measures like activating the right mix of human interaction alongside automation could resolve pain points, according to the global State of Intelligent Automation Report, Customer Onboarding Pain Points and Drivers Q4-2022 by Intelligent Automation company ABBYY.
By ABBYY · Via Business Wire · November 15, 2022

ABBYY is solving the billion-dollar identity fraud problem facing consumers and businesses with the first all-in-one solution that offers instant identity proofing and affirmation anytime, anywhere. No more standing in line or manually completing cumbersome online forms, ABBYY Proof of Identity simplifies document-centric digital onboarding processes while giving organizations confidence that customers, constituents, employees, and partners are who they say they are.
By ABBYY · Via Business Wire · October 11, 2022

Hundreds of Carlberg Group beers in more than 150 markets will now arrive to their destinations significantly faster using ABBYY intelligent process automation. Carlsberg Group, one of the world’s leading brewery groups, chose ABBYY to automate its order and delivery processes, thereby accelerating time to market and customer satisfaction. ABBYY's intelligent document processing (IDP) solutions enable the Carlsberg Group to accelerate its digital transformation strategy and increase workflow efficiency and improve team productivity.
By ABBYY · Via Business Wire · September 20, 2022

Brand and market accelerator Gabrielle Lukianchuk joins ABBYY as its new Chief Marketing Officer. Throughout her 25-year career, Lukianchuk has been a pioneer in leading transformative approaches to marketing centered on the customer. Her intentional storytelling approach on a global scale has enabled GTM strategies with measured business impact at technology organizations such as ConvergeOne, Fiserv, ACI Worldwide and CA Technologies/Broadcom. As a member of ABBYY’s executive management team, Gabrielle will lead the global marketing function to accelerate the growth of the company’s market leadership in the intelligent process automation (IPA) market.
By ABBYY · Via Business Wire · August 23, 2022

ABBYY has opened a new development center in Belgrade, Serbia, and is increasing its developer workforce in existing locations in the United States, Hungary, and Cyprus. The investment in developer resources is part of ABBYY’s previously reported 40% increase in research and development (R&D) efforts, and will be instrumental to the company’s continued commitment to providing innovative, market-leading intelligent automation solutions to global enterprises.
By ABBYY · Via Business Wire · July 26, 2022

ABBYY has been recognized for the fourth consecutive year as a Leader in Everest Group’s Intelligent Document Processing (IDP) Products PEAK Matrix Assessment 2022. Organizations worldwide rely on Everest Group’s IDP PEAK Matrix to evaluate the best solutions that understand business documents and find meaning in a human-like manner. ABBYY is positioned high for its market impact and vision & capability with ABBYY Vantage, the industry’s only low-code/no-code intelligent document processing solution that integrates easily into any intelligent automation platform, and its cognitive skills that are auto discoverable across many RPA systems, chatbots, and mobile apps.
By ABBYY · Via Business Wire · May 17, 2022

According to a recent global survey conducted by Sapio Research on behalf of ABBYY, 98% of IT decision makers have implemented automation technologies in the last two years, spurred by the pandemic. During this time, there has been a behavioral shift in the way IT decision makers implement automation technology with a new ‘people first’ approach. The results reveal less investment in robotic process automation (RPA) with intelligent document processing (IDP) and process automation technologies being the top two deployed technologies. This resulted in a huge 89% believing they have been successful in deploying digitally transforming automations, compared to only 30%-50% in the past when they used RPA alone.
By ABBYY · Via Business Wire · April 7, 2022

Intelligent automation company, ABBYY, has opened a new office in Vilnius, the capital of Lithuania, to support the relocation of its Ukrainian employees. Engineering resources delivered from the Lithuanian office include customer support, professional services, customer success management, and training. It augments the engineering resources already established in other regions of Europe and the United States.
By ABBYY · Via Business Wire · March 29, 2022

Scott Opitz has been appointed Chief Technology and Product Officer (CTO and CPO) at intelligent automation company, ABBYY. He is charged with overseeing a massive 40% increase, in research and development (R&D) investment in 2022. Opitz’s responsibilities include leading the strategy, development, and execution of the company’s product and innovation efforts based in Europe and the US, solidifying the company’s commitment to continuous enhancement of its market-leading intelligent document processing (IDP) platform Vantage and process intelligence solution Timeline.
By ABBYY · Via Business Wire · March 15, 2022

Fueled by the growing momentum for its intelligent document processing (IDP) solutions, ABBYY reports that it has been named a technology leader in both the ISG Provider Lens™ Intelligent Automation Solutions & Services Report for the U.S. U.K., Nordics, Brazil, and Germany, and Quadrant Knowledge Solutions 2021 SPARK Matrix for IDP. The recognition is due to the strong ratings of its comprehensive no-code platform for document processing, ABBYY Vantage. ABBYY is also positioned in the top grouping of ISG’s Matrix for the process mining market.
By ABBYY · Via Business Wire · February 22, 2022

In another move to position the company for financial growth, ABBYY has appointed James Ritter as its Chief Financial Officer (CFO). Ritter has more than 20 years of experience working for international services and software companies and has a strong background in accounting, financial controls, revenue recognition, financial management, operational improvement, and strategic development. Ritter will leverage his previous high growth software experiences as well as knowledge gained at Ernst & Young and PricewaterhouseCoopers to help ABBYY scale for growth and make continued investments in ABBYY’s market-leading intelligent automation solutions.
By ABBYY · Via Business Wire · February 8, 2022

Intelligent automation and IT sales veteran, Adrian Jones, joins ABBYY as its newly appointed Chief Revenue Officer (CRO). Jones has led large global sales teams at several market-leading organizations, including Automation Anywhere, Symantec, Oracle, and Hewlett Packard. At ABBYY, Jones will spearhead the company’s global go-to-market strategy with the goal of continuing aggressive revenue growth with an emphasis on the intelligent process automation (IPA) market, which IDC estimates is $17.3 billion in its latest report, Worldwide Intelligent Process Automation Market Shares, 2020: Solid Growth Across Cloud Segments1.
By ABBYY · Via Business Wire · January 18, 2022

ABBYY, a global Digital Intelligence company, has been identified as a Leader in NelsonHall’s Process Discovery and Process Mining NEAT Evaluation 2021. NelsonHall, a leading global analyst firm specializing in digital operations transformation, has created the NEAT assessment tool to enable strategic sourcing managers to assess the performance of vendors across a range of criteria and business situations and identify the best performing vendors with specific capability in process mining, desktop process discovery, and the ability to plan and accelerate process change.
By ABBYY · Via Business Wire · December 7, 2021

According to new global research from Digital Intelligence company ABBYY, 6-in-10 (61%) employees say their job is made more difficult through trouble accessing data in documents and nearly a quarter (24%) lose a full day of productivity per week searching documents for information they need to serve customers. Under the burden of business-critical information being locked within digitized documents, including PDFs, Excel sheets, emails, images, text messages and chatbot conversations, employees are unable to make the best use of their time, leading to poor business decisions and the obstruction of positive customer experiences – potentially contributing to the droves of staff leaving their jobs in the current era of ‘The Great Resignation.’
By ABBYY · Via Business Wire · November 10, 2021

With an international crew navigating the open seas around two active volcanoes and six Mediterranean islands, ABBYY Chairman of the Board and seasoned yachtsman, Robert Youngjohns, will compete in the Royal Malta Yacht Club (RMYC) 42nd Rolex Middle Sea Race, the premier 606-nautical mile offshore race Saturday, October 23. Aboard the ABBYY Antelope, Susan Glenny will skipper the XP44 yacht with sailors from the United States, U.K., and Netherlands.
By ABBYY · Via Business Wire · October 22, 2021

ABBYY, a global Digital Intelligence company, recently conducted a Digital Strategies in Financial Services survey of over U.S. 100 executives representing senior decision makers, including chief experience officers, vice presidents, and directors, that revealed a concerning disconnect when it comes to banks’ onboarding processes, technology investments, and customer satisfaction.
By ABBYY · Via Business Wire · October 20, 2021

ABBYY, a Digital Intelligence company, announced today that it has successfully completed the SOC2 Type 2 certifications for its leading content transformation solutions, ABBYY FlexiCapture Cloud and ABBYY OCR SDK. This is in addition to previously awarded SOC 2 certifications for ABBYY Vantage, the first no-code platform for intelligent document processing, and ABBYY Timeline, a comprehensive process and task mining solution that enables organizations to accelerate their time to value when automating processes. The certifications further strengthen ABBYY’s commitment to protecting customer data in a global market.
By ABBYY · Via Business Wire · October 14, 2021

After launching ABBYY Vantage and Marketplace earlier this year, ABBYY, a digital intelligence company, is proud to announce that the platform is now publicly available and report the growing momentum for the industry’s first no-code, cloud-first intelligent document processing (IDP) platform and skills that address organizations’ needs to make quicker decisions while increasing productivity. ABBYY will host a broadcast event to celebrate ABBYY Vantage on Tuesday, October 12, at 10 a.m. PST/1 p.m. EST. For more details and to register for free, visit www.abbyy.com/vantage-broadcast.
By ABBYY · Via Business Wire · October 11, 2021

ABBYY, a Digital Intelligence company, today announced that its public sector initiatives are gaining momentum with a new distribution partnership with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. ABBYY has digitally transformed document processing and business process challenges for several public sector organizations including The National Oceanic and Atmospheric Administration, U.S. Food and Drug Administration, California Department of Motor Vehicles, and other federal, state, local, and higher education organizations.
By ABBYY · Via Business Wire · September 30, 2021

Today, ABBYY, a Digital Intelligence company, announced a major update for NeoML, its cross-platform open-source machine learning library that allows developers to build, train and deploy machine learning models. The update adds support of the Python programming language, the most popular language for machine learning and AI. The framework also offers 5-10x speed improvements as well as 20+ new ML methods including 10 network layers and optimization methods. Additionally, NeoML now supports Apple M1 chips, GPU on Linux-based machines, and Intel GPU. This significantly expands addressable use cases and scenarios for the library while enabling more developers to use it to build AI-powered applications and solutions.
By ABBYY · Via Business Wire · June 22, 2021

Four out of five C-level executives (82%) are confident their business is well-prepared digitally, but only 58% of managers agree, according to new global research from Digital Intelligence company ABBYY. This comes as managers say they have been burdened with disruptions to digital transformation (DX) 2.5x more than C-level executives, despite having new technologies on hand. This points to a worrying disconnect within businesses, causing a trend of wasted investments and opportunities.
By ABBYY · Via Business Wire · June 8, 2021

ABBYY, a Digital Intelligence company, today announced it has completed a significant investment by Marlin Equity Partners, a global technology-focused investment firm. As a result of this investment, Marlin will become ABBYY’s largest shareholder and be a strategic growth partner for the company’s continued market expansion.
By ABBYY · Via Business Wire · May 11, 2021

ABBYY, a Digital Intelligence company, today announced Paul Nizov has joined the company’s leadership team as Chief Information Security Officer. In this newly established role, Paul will advocate the importance and impact of security among the company’s leadership team; manage security risk; and oversee the strategic, operational, and budgetary aspects of secure software development, data privacy, and information protection.
By ABBYY · Via Business Wire · April 20, 2021