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.............................. ABBYY Software
Logo and Trademark..............................
ABBYY develops linguistic and artificial intelligence (AI) software providing a full line of document recognition, document conversion and data capture technologies and products. ABBYY is an international company with over 600 employees worldwide (as of June 2007). The overall number of users of ABBYY products and technologies exceeds 20 million people all over the world (according to internal research). Most ABBYY products have been developed in ABBYY Headquarters in Moscow, Russia.
ABBYY’s mission is to improve the quality of life by developing artificial intelligence technologies for efficiently capturing, translating, and transforming information into accessible and useful knowledge. ABBYY (BIT Software before 1997) was founded in 1989 by David Yang (now the Chairman of the Board). David, being then a student of MIPT, decided to found a company in order to develop the ABBYY’s first product - English-Russian-English dictionary software, called Lingvo. The idea of the electronic dictionary occurred to David during a French lesson. Searching for the translation in a heavy book, he imagined a simple and easy tool that would allow finding translations in seconds. The first version of Lingvo was followed by the second one, improved. The company, its business and personnel expanded and other product lines were introduced, including FineReader OCR application, FormReader system for data capture and form processing, developer toolkits, etc.
In a few years after launching the FineReader OCR series, ABBYY realized that the quality of the product far exceeded the analogues not only in Russia, but also abroad. Therefore, in 1997 ABBYY decided to expand its business to the global arena through licensing FineReader to global scanner manufacturers and distributing boxed product via a partner network. Growth of ABBYY’s international business resulted in opening of several international offices and strengthening its international partner network in the period from 1995 to 2002. By 2003 ABBYY had 5 offices worldwide and a distributor network, selling its products in 89 countries. At the same time ABBYY became one of the largest and most respected software companies in Russia, with about 250 people in staff at the Moscow office.
Further maturity of the company brought new challenges. Therefore, since 2004, along with further expansion to new markets, ABBYY has spent a lot of effort on optimizing its operations and streamlining and diversifying its product portfolio. Also, in this period ABBYY strengthened its focus on developing “technology” products – software development kits (SDK) and enterprise solutions. That brought ABBYY to the leading position of provider of OCR, form processing and data capture technologies on the global ECM and document management market.
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