June 26, 2017 6:11 PM ET


Company Overview of ABBYY USA Software House, Inc.

Company Overview

ABBYY USA Software House, Inc. develops linguistic and artificial intelligence software. It develops software for optical character recognition (OCR), intelligent character recognition (ICR), linguistics, semantics, and electronic lexicography. The company was founded in 1999 and is based in Fremont, California. ABBYY USA Software House, Inc. operates as a subsidiary of ABBYY Group.

47221 Fremont Boulevard

Fremont, CA 94538

United States

Founded in 1999





Key Executives for ABBYY USA Software House, Inc.

Chief Executive Officer
Age: 48
Chief Operating Officer
Vice President of Product Management & Marketing for Information Governance
Vice President of Client Services
Compensation as of Fiscal Year 2016.

ABBYY USA Software House, Inc. Key Developments

M-Files Integrates Artificial Intelligence Technology from ABBYY to Further Automate Information Management

M-Files Corporation announced a partnership with ABBYY. M-Files is integrating ABBYY technology into its intelligent information management platform to further simplify and improve the way information assets can be categorized and organized. The result is a more intelligent and streamlined information environment that ensures consistency in how content is categorized and intelligently linked to other relevant data, content and processes to deliver a 360-degree view of structured data and unstructured content in different business systems. This is made possible with ABBYY technology, which leverages artificial intelligence and natural language processing (NLP) to understand text in context. Based on algorithms that analyze the meaning of words and reveal the relationships between them, even complex and unstructured documents can be classified accurately.

ABBYY (R) Intelligent Capture Accelerates Digital Transformation of Business Operations

ABBYY announced the release of a new version of ABBYY FlexiCapture. The highly scalable and universal enterprise capture platform enables organizations to automatically classify, extract, validate and direct business critical data from written customer communications and operational processes - such as customer claims, applications and transactions. Utilizing a range of automated machine learning techniques, the new generation platform redefines the data capture and processing landscape, simplifying the long-standing complexity associated with the software segment. The new FlexiCapture generation can be deployed as a core enterprise platform with customers rapidly building and running multiple business processes while covering multiple input channels, from emails, paper, fax, e-documents and mobile. Newly implemented machine learning techniques work in two-pronged fashion: on the one hand, it powers the rapid set-up of data analysis models via the platform studio resulting in rapid solution deployment. On the other, it enables a continuous improvement mechanism in the live business process and application environment, significantly boosting on-going performance while reducing the need for offline maintenance, system downtime and costly professional services -- a common industry-wide problem which has plagued buyers of legacy platforms. This is particularly evident in accounts payables, claims management order processing or customer onboarding, where organization have to handle documents from thousands of vendors or customers covering multiple input channels, from emails, paper, fax, e-documents and mobile but containing the same critical business data. Key new features and capabilities include: Multichannel inputsupport: Documents are processed consistently in one single flow, including documents received via email, FTP, "hot folders" or mobile devices regardless of source and format. Advanced Classification: FlexiCapture now comes with advanced classification technology -- using multiple classifiers, including semantic-based classification, and an intelligent voting mechanism to choose the best possible result, thereby enhancing accuracy. The automatic learning process, via neural networks, also radically simplifies set-up, eliminating the need for complex and time-consuming rules. Extraction auto-learning: FlexiCapture 12 comes embedded with supervised and reinforcement learning techniques that enable it to automatically learn, adapt and continuously improve its data extraction algorithms, even in the live process environment through intuitive "point-and-learn" user guidance. It is capable of incorporating traditionally complex unseen and variable document layouts into the core algorithm on the fly thereby significantly reducing Total Cost of Ownership (TCO). Cloud-ready architecture: The native multi-tenanted architecture is capable of providing public and private cloud-based deployments. This reduces time to market and shifts the focus away from capital expenditure towards an operational expenditure orientated approach and opens up new, cost-effective opportunities for small and medium sized organizations. Service Level Agreement (SLA) monitoring and enforcement: SLA provides a mechanism for document processing prioritization to achieve required service levels. Advanced system monitoring and reporting tools help analyze document processing flow and ensure correct prioritization -- this supports organizations to better meet both internal and external regulatory compliance and reduce compliance costs. Quick start solutions: Built-in solutions for digital mailrooms, invoice processing and VAT declarations that require no customization are available as add-ons and can be rapidly deployed without the need for costly implementation services. Document sets and cases: Multiple linked documents can be processed as one complete case file, with various assembly, processing and validation checks, to improve efficiency in more complex case management scenarios such as customer on-boarding, mortgage loan origination and claims management.

ABBYY Announces the Availability of FineReader 14

ABBYY announced the availability of FineReader 14, the next version of its desktop software that combines optical character recognition (OCR) with advanced capabilities for working with PDFs and document comparison. With the new version, business professionals can easily manage and accomplish all kinds of daily tasks -- editing, converting, commenting and comparing documents -- using one, intuitive application. FineReader 14 comes with the main functionality required to work with any paper-based document and PDFs, whether scanned or digitally created. ABBYY developed FineReader 14 in response to the needs of modern business professionals who require new capabilities for rapid document processing at high quality. Key areas of functionality and notable improvements include: Highly accurate conversion of PDFs and scans into actionable formats: Ongoing improvements to ABBYY's OCR technology ensures that it continues to deliver exceptional results for converting scans and PDFs to editable and searchable formats such as Word, Excel®, PowerPoint® and PDF, while retaining all the original features that FineReader is renowned for, such as extended OCR capabilities and automated conversion; PDF editing and collaboration: FineReader 14 is an all-in-one solution for working with PDFs and scans, with built-in advanced editing and collaboration tools for managing pages, content editing, reviewing, commenting, searching, filling forms, signing and protecting files; Cross-format document comparison: An all-new "compare documents" feature detects and highlights any relevant textual changes between two versions of the same document, regardless of whether their format is PDF, Word, JPG, etc.; Deep OCR integration into PDF tools: FineReader 14 is the product of choice for those who work with scans and paper-based PDFs on a daily basis due to its ability to automatically apply OCR to PDFs when required; Over 190 OCR languages: New version supports text recognition in more than 190 languages, including some difficult-to-digitize languages such as Korean, Chinese, Japanese and Arabic. It also comes with support for simple math formulas and English phonetic transcriptions. Availability: ABBYY FineReader 14 is available immediately in three editions: Standard, Corporate and Enterprise, worldwide. It can be ordered through online stores and many retail outlets.

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