ABBYY

ABBYY is a global enterprise software company specializing in AI-powered intelligent document processing (IDP) and process intelligence. Its mission is to enable organizations to unlock the value of their data and improve business outcomes through advanced AI platforms. The company, founded in 1989, is headquartered in Austin, Texas.

ABBYY's product portfolio includes ABBYY FineReader for optical character recognition (OCR) and PDF management, ABBYY Vantage, a low-code platform for intelligent document processing, and ABBYY Timeline for process mining and task mining. These solutions leverage AI, machine learning, and natural language processing to capture, classify, extract, and process data from various document types. ABBYY serves over 10,000 customers globally across sectors like financial services, healthcare, and the public sector.

Led by CEO Ulf Persson, ABBYY has been consistently recognized as a leader in the intelligent automation space by prominent analyst firms such as Gartner, IDC, and Everest Group. In 2023, the company reported significant revenue growth for its AI solutions, including a 60% increase in new annual recurring revenue for ABBYY Vantage and a 100% increase for ABBYY Timeline. Recent developments include the relocation of its global headquarters to Austin, Texas in October 2024, and the launch of its Purpose-Built AI Center at ABBYY Ascend 2024, focusing on innovations like the Phoenix 1.0 model and a Secure Large Language Model (LLM) Gateway. Marlin Equity Partners became the majority shareholder in 2021.