Kicks Off Year with Enhanced Solutions, Partnerships and
Recognition as a Market Leader
MILPITAS, Calif.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AI?src=hash” target=”_blank”gt;#AIlt;/agt;–ABBYY charged into the first quarter of 2019 (Q1 2019) with intense
focus to help global enterprises understand and extract meaning from
their content. In its inaugural report, Everest Group recognized ABBYY
as a leader in intelligent document processing for the execution of
its vision, market impact and successfully delivering solutions to
organizations worldwide. Also during Q1 2019, ABBYY reported 15%
annual revenue growth in 2018, and established and expanded
partnerships with robotic process automation (RPA) firms to meet growing
demand for content
“We are pleased with the first quarter results and we are honored to be
recognized by Everest Group as a leader for intelligent document
processing. We see this as validation of our growth strategy and remain
focused on investing in innovative AI solutions and technologies,
expanding our sales team globally, and strengthening and adding new
partnerships with RPA, BPO and other solution providers,” commented Ulf
Persson, CEO at ABBYY. “It is rewarding to see the market embrace our
solutions that provide the new digital workforce the skills to
understand and extract content so global organizations can better make
intelligent business decisions. We are confident this momentum will
Following are a few highlights from Q1 2019.
NICE expanded its existing partnership with ABBYY with the integration
of FlexiCapture Distributed for additional AI capabilities to rapidly
streamline and process unstructured data. ABBYY delivers innovative,
end-to-end processing solutions that integrate with NEVA and NICE’s
ABBYY and Robiquity entered into a new partnership that will enable
Robiquity to speed up its invoice and form recognition processing with
ABBYY FlexiCapture. Robiquity’s RPA efforts benefit from faster
end-to-end processing time, greater spend visibility and multichannel
Both Blue Prism and ABBYY have been working closely to integrate their
technologies as well as support a strong go-to-market strategy. As a
result, they announced dozens of new joint customers including ASB Bank
and Equinix who are using ABBYY FlexiCapture and Blue Prism’s
connected-RPA platform to intelligently automate millions of
transactions by turning unstructured content into structured and
ABBYY showed law firms how they can accelerate productivity with
FineReader 14 and FineReader Server 14. The company also illustrated the
benefits of using digital workers within their contracts by using ABBYY
Text Analytics for Contracts.
ABBYY celebrated the 10th anniversary of its first mobile app
with an upgrade to its Business Card Reader app. Android users can now
easily export new contacts into Salesforce CRM as leads. The Salesforce
integration empowers business professionals to connect with customers
while freeing them from tedious tasks, such as typing in data from
business cards. The app instantly captures contact information from a
business card, saves it as a smartphone contact, and exports into the
Salesforce CRM system automatically creating a new lead.
Recent Industry Events
MWC Barcelona 2019 Feb. 25-28, 2019, Barcelona, Spain
ABBYY was among the innovators and influencers that gathered at MWC
Barcelona 2019. The company participated in the “Transformative AI Topic
tour” which featured exhibitors leveraging various types of AI.
Additionally, the flagship scanner app, FineScanner, was shortlisted in
the Most Innovative Mobile App category.
ABA Techshow Feb. 27–Mar. 2, 2019, Chicago, IL
ABA Techshow is where lawyers, legal professionals and technology all
come together. ABBYY demonstrated how AI-enabling technologies can be
used today in the legal field.
AIIM Annual Conference March 25-28, San Diego, CA
ABBYY demonstrated the power of combining RPA and intelligent capture to
deliver content IQ.
New Research Studies and Analyst Reports
ABBYY was featured in several industry analyst reports ranging from its
leadership in intelligent document processing, application of its
technology in finance and accounting, and its contribution to the
ABBYY was recognized as a leader in the Everest Group Intelligent
Document Processing (IDP) – Technology Vendor Landscape with Products
PEAK Matrix™ Assessment 2019.
Additionally, ABBYY conducted independent research about workers’
attitudes toward AI and mobile technology:
finds US workers want to delegate 48% of tasks to Artificial Intelligence.
A US-based survey shows almost half of office workers would be happy to
have robots do parts of their job that they dislike, including reviewing
long documents, data entry, electronic filing and even attend meetings.
half of millennials want to use mobile for admin, with only 35% of
businesses catching on. A UK-based survey commissioned by ABBYY
found organizations are struggling to digitize as 46% of employees find
pen and paper simpler to use. Workers haven’t realized the advantages of
mobile, with 91% still preferring to use a desktop or laptop for
New White Papers, Webinars and Case Studies
White paper: Transforming
Contract Analytics into Actionable Intelligence. Discover why
contract analytics is impacting contract review and obligations analysis.
Webinar with M-Files: How
is Your Organization Adapting to GDPR? This webinar helps you
uncover hidden data to mitigate your compliance risks.
Trending on ABBYY Blog
A potentially problematic challenge for industry and legislators is the
apparent tension between privacy rights and the rapid
adoption of blockchain-based applications
ABBYY’s Deputy Director of T&D identifies five trends that show how
artificial intelligence will help power enterprise digital
Until recently, reviewing piles of legal documents is one of the pain
points of law firms.
ABBYY’s RPA delivery partner, Robiquity, corrects common myths
See ABBYY content IQ solutions in action around the world at the
following industry and partner conferences:
May 13-15, 2019, San Diego, California
Banking Forum – Digital Transformation in Retail Banking, May
14-15, 2019, London
Services and Outsourcing Week Europe, May 13–16, 2019, Lisbon,
Institute, May 14-16, Las Vegas, Nevada
Spring, May 19-21, 2019, Walt Disney World, Florida
Prism World USA, May 22-23, 2019, Orlando, Florida
IQ Summit, May 23-24, 2019, Royal Lancaster, London
For the latest content IQ products, solutions, and resources from ABBYY,
subscribe to receive the ABBYY Corporate News Digest by emailing [email protected].
ABBYY is a global leader in content IQ for the enterprise, and a
recognized leader in Intelligent Document Processing. Its artificial
intelligence technologies and solutions give the new digital workforce
the skills to understand and extract enterprise content, and help
organizations make intelligent business decisions. ABBYY’s technologies
are used by thousands of enterprises, government organizations, SMBs,
and over 50M individuals within financial services, insurance,
transportation, healthcare and other industries. They choose ABBYY for
the simplicity, extensibility and intelligence its solutions offer. The
company maintains offices in Australia, Cyprus, France, Germany, Japan,
Russia, Spain, Taiwan, the UK, Ukraine, and the United States. For more
information, please visit www.abbyy.com/company.
ABBYY and the ABBYY Logo are either registered trademarks or
trademarks of ABBYY Software Ltd. Other product names mentioned herein
may be trademarks and/or registered trademarks of their respective
owners and are hereby recognized.
ABBYY Editorial Contact:
Gina Ray, APR