ABBYY Russia

Parent Company

Main article: ABBYY

ABBYY is one of the world's leading developers of innovative technologies for optical document recognition, form entry, applied linguistic software and the only company in the world with a similar set of proprietary developments.

Performance indicators

2022: Revenue reduction by 55.9% to RUB 2,411 million

At the end of 2022, Abbyy's revenue decreased by 55.9% to 2,411 million rubles. The revenue of ABBYY PRODUCTION LLC from the financial statements for 2021-2022 is taken into account. Excluding VAT and ABBYY LLC from the financial statements for 2021 excluding VAT. In the ranking "TAdviser100: The largest IT companies in Russia 2023," such an indicator allowed the company to take 148 lines (48 lines of the list of applicants for inclusion in the number of the largest IT companies in Russia).

History

2023

Abbyy liquidates the main legal entity in Russia

As TAdviser found out, from June 30, 2023, the key Russian legal entity Abbyy, Abi Production LLC, whose almost 100% founder is the American Abbyy Inc., is in liquidation. Of all Russian legal entities, Abbyy Abi Production brought the largest revenue, at the end of 2022, the turnover amounted to 2.4 billion rubles.

Abbyy, we recall, before the end of January 2022, transferred the rights to the vast majority of its products from Russia to its American legal entities, and after the February events completely "disowned" its Russian business. In letters to its partners in October 2022, the company wrote that in response to the situation in Ukraine, it is curtailing all operations in Russia and is relocating the bulk of its Russian personnel to its development centers in other countries: Cyprus, Hungary and Serbia^[1].

But before that, Abbyy had brought Russian business beyond the perimeter of the group - to the new Content AI company, which was founded in April 2022 by former managers of the Russian Abbyy. At the time of its creation, Content AI was positioned as an Abbyy technology partner developing and distributing software under brands for the Russian market, as well as providing support to those who had previously become Abbyy customers.

According to Rospatent, in October 2022, AI Content filed applications, and in February 2023, its rights to product brands were registered, the names of which echo Abbyy product names, such as ContentReader and ContentCapture. The AI Content website also contains products called Lingvo, PassportReader SDK, etc.

In December 2022, Abbyy launched the liquidation of its other Russian legal entity - Abi LLC. At the same time, the explanations for the financial accounting of ABBYY Production, published in the database of the Federal Tax Service in early 2023, said that their company plans to continue to work, counting on support from its foreign owners.

On June 22, 2023, the general director changed at Abi Production - Andrei Kuranov^[2]. Since June 30, according to the database of legal entities Kontur.Focus, "he has been the liquidator of the company.

Appointment of Andrei Kuranov as the new general director

At the end of April 2023, Andrei Kuranov became the new CEO of Abbyy's Russian office. He replaced Vadim Tereshchenko, who led the company for almost six years. Read more here.

Russian legal entity Abbyy ended the year with a loss and continues to work, despite geopolitics

In 2022, the revenue of Abbyy, the largest legal entity in operation in Russia, Abi Production, decreased by 47% to 2.4 billion rubles. The company ended the year with a net loss of 255.7 million rubles, follows from its financial statements published in March 2023.

From the explanations to the report on financial results published in the database of the Federal Tax Service, it follows that the average annual number of employees in 2022 amounted to 396 people, i.e. decreased by 1.8 times compared to 2021.

In the reporting period, the revenue structure of ABBYY Production changed. She received almost all the revenue for software development services and earned almost nothing on license payments (royalties). It's very different from how it used to be. So, in 2021, Abi Production received 3.1 billion rubles from royalties - more than two times more money than from software development services for the same period.

In addition, unlike 2021, in 2022 the company did not provide consulting services at all.

Abi Production in 2022 earned only about 3.8 million rubles on royalties against 3.1 billion rubles a year earlier "(photo - Sergey Porter/Vedomosti)"

At the same time, the vast majority of ABBYY Production of 's work in 2022 was performed for related legal entities, it follows from the explanations to the report on financial results. In 2022, these included ABBYY Development Inc. (USA), ABBYY Plc. (Cyprus), Abi LLC (Russia) and a number of others.

In March 2023, Abi Production changed its founders: now it is almost 100% owned by the American ABBYY Inc. And the Russian LLC "Abbyy" has been in liquidation since December 2022.

After February 2022, Abbyy, we recall, "disowned" its Russian business, taking it beyond the perimeter - to the company "Content AI" (Content AI), the founders of which were former managers of the Russian Abbyy. AI Content is positioned as a technological partner of the Abbyy, developing and distributing software under brands for the Russian market, as well as providing support to those who previously became Abbyy customers.

Even earlier, in January 2022, Abbyy removed almost all of its products from the Russian software register, and transferred the rights to them to its American legal entities.

At the same time, despite the widely publicized budding of Russian business, it follows from the explanations to the report on financial results for 2022 that ABBYY Production of plans to continue to work, counting on support from its foreign owners.

The management is confident that the company receives support from the founders in the amount necessary to finance its operating activities in the foreseeable future, and that the company will continue its activities in the foreseeable future and it has no intention to terminate or significantly reduce its activities, the explanations say. Despite the geopolitical situation, the management is confident that society will be able to continue its activities in the future.

I must say that some other projects created by the founder of Abbyy continue to work in Russia. David Jan For example, a project (iiko "Aiko") developing restaurant software, which is also supplied to Russian state customers^[3]May 2022, David Yang on his page on the social network * Facebook assured that iiko would not be turned off.

Also, until the latter, the "daughter" of the software developer for personnel officers created by David Yan Yva.ai (Iva Siees LLC) continued to operate on the Russian market, the purchase of which was announced by the Canadian company Visie in 2022. Since mid-March 2023, Iva Siayes LLC has been under liquidation, according to the Kontur. Focus database.

* Owned by Meta, which in 2022 was recognized as extremist in the Russian Federation.

2022

The Russian part of the business has separated from Abbyy. Now it's a new company under a new brand

Abbyy separated the Russian business from its group of companies, told TAdviser in Abbyy on May 18, 2022. Sales and technical support of users and partners in Russia were transferred to Content AI (Content AI LLC), a technological partner of Abbyy. Read more here.

Most Abbyy products have been removed from the domestic software registry. Rights to them transferred to America

As TAdviser discovered in January 2022, 20 Abbyy products were excluded from the register of domestic software of the Ministry of Digital Development.

Among the remote ones are Abbyy FineReader text recognition program, Abbyy FlexiCapture data streaming solution, Abbyy Business Card Reader, Abbyy Screenshot Reader, tools for creating mobile applications Abbyy Mobile OCR Engine, etc. At the same time, 17 of them were excluded in January 2022, and 3 products (Abbyy Mobile Capture, Abbyy Mobile Web Capture, Abbyy Real-Time Recognition SDK) dropped out of the register back in October 2020.

The exclusion of products in January occurred at the request of the copyright holder himself, according to the website of the register of domestic software. A source close to the expert council on software, which issued an opinion on the exclusion, told TAdviser that there was no discussion about this in the council, the experts simply voted, because a statement was received from the developer.

A source familiar with Abbyy's activities told TAdviser that the company transferred the rights to the products to its American legal entities. This applies to those products that she promotes in the global market.

Abbyy owners - both individuals and funds - are interested in increasing the shareholder value of the company, explains the interlocutor of TAdviser. The rights to products are one of the assets affecting the total value of the company, and when evaluating it, especially in the case of global businesses, the jurisdiction of finding the copyright holder of products is taken into account.

Politics indirectly affects the price, the source says: all assets that are located in Russia have a certain discount on the world market. Therefore, the transfer of rights to products to American jurisdiction increases the value of these assets.

Abbyy's global website now states that it is headquartered in the United States "(photo - Abbyy)"

Abbyy's Russian office confirmed to TAdviser that the rights to most of Abbyy's products were transferred to its American legal entities.

Yes it is. Abbyy continues to expand its presence in the international market and diversifies assets in line with the key regions of presence for the group of companies. The development of the company's sales in the international market allows us to invest in new areas and technologies and, as a result, provide more and more qualified jobs to the engineers of our R&D centers in Russia, develop research activities and support education in the country, the company told TAdviser.

The company added that the registry contains a number of its products, for example, Abbyy Intelligent Search, Abbyy Lingvo. Abbyy InfoExtractor SDK also remained in the registry.

In 2021, the largest shareholder of Abbyy was the American fund Marlin, which at Abbyy at the time of the announcement of this transaction was called "a partner in the strategic growth of the company in the context of the expansion of its market." Abbyy's global website now lists the company as headquartered in the United States, with offices in Abbyy countries. Previously, Abbyy's headquarters were located in Russia.

The Russian Abi Production LLC, which was recorded by the copyright holder of all Abbyy products that were previously present in the register of the Ministry of Digital Development, is 99.9% owned by the Cypriot Abbyy PLC.

Recently, Abbyy did not disclose what share of its turnover falls on Russia, but at the end of 2017, for example, the company said that it was 10%. Summing up the results of 2018, Abbyy noted that more than 60% of its revenue was brought to it by Europe and the United States. Abbyy's business continues to develop there, despite the worsening political friction between these regions and Russia. For example, in October 2021, the company announced the launch of the Vantage cloud platform for processing documents using machine learning. According to the announcement, at that time it was already used by four large US banks and one Canadian^[4].

Abbyy is a non-public company and does not disclose data on the structure of revenues. At the same time, Russia has been and remains an important market for our sales. Moreover, it is here that one of our main development centers is located - more than 800 employees work in Moscow and Novosibirsk, they say in the Russian office of Abbyy.

I must say that Abbyy in January 2022 was not the only developer whose products made an outcome from the register of domestic software. So, according to Diasoft, which also works in the international market, two of its products were excluded from the register - Diasoft Flextera and Diasoft Flextera BI. However, the reasons for the request to remove domestic software from the register in this case are completely different.

Diasoft Flextera and Diasoft Flextera BI were included in the register of domestic software in 2016. As the functionality of Diasoft developed and expanded, Flextera and Diasoft Flextera BI were divided into many independent software products (currently there are several hundred of them). Each of these products is already included in the register of domestic software. Therefore, the presence of uniform records about Diasoft Flextera and Diasoft Flextera BI ceased to be relevant, and we decided to exclude them from the register, - explained TAdviser in the press service of the company

I "cleaned up" my software in the registry a little "Мэйл.ру" and (since 2021 it has been operating under the VK brand). The company asked to exclude the following products from the registry: the game "Skyforge," Skyforge Console, the game Internet project RIOT. They were removed in January 2022. And in 2021, the corporate version developed by the Mail.ru, which the company promotes on the international market, dropped out of the list of domestic software of the DBMS Tarantool Ministry of Digital Development. At the time of publication, VK could not explain to TAdviser its motives for removing these products from the registry.

2021

Revenue decrease by 14.9% to RUB 5,462 million

At the end of 2021, ABBYY's revenue amounted to 5,462 million rubles, down 14.9% compared to 2020, which allowed it to take 92nd place in the ranking of TAdviser100: The largest IT companies in Russia 2022. The total revenue of ABBYY PRODUCTION LLC and ABBYY LLC from the financial statements for 2020-2021 is indicated. Excluding VAT.

Appointment of Elena Pospelova as General Director of the Russian Office

On July 22, 2021, Abbyy, a global developer of solutions in the field of intelligent information processing and business process analysis, told TAdviser about the appointment of Elena Pospelova as CEO of the Russian office. Read more here.

2019

Discovery of a laboratory of computer vision and natural language processing together with MIPT

On September 30, 2019, ABBYY announced the opening of laboratory computer vision and natural language processing together with the Moscow Institute of Physics and Technology (MIPT). ABBYY Lab employees - as the laboratory will be called - will engage in research that combines the company's 30 years of experience in these areas with other methods of artificial intelligence and data analysis . Read more here.

Growth in the number of projects in the corporate segment by 19%

In Russia, ABBYY is steadily developing its business. Thus, the number of projects in the corporate segment in 2019 increased by 19%. The increase in demand for ABBYY solutions for business is due to the growth of companies' investments in artificial intelligence technologies.

In Russia, the company continues to strengthen its position in the corporate segment. High growth was shown by the direction of corporate search: revenue from these solutions increased by more than 5 times. ABBYY has implemented a number of major projects in the sector, banks oil and gas sector, industries and other industries.

The company is also actively developing products and technologies for educational projects. Thus, in 2019, using the ABBYY Monitoring platform and other solutions for assessing the quality of education, more than 12 million diagnostic measurements were carried out for students and teachers.

In 2019, ABBYY entered the little-known market for business process mining. This meets the requirements of the times: our customers have a high level of digital maturity and are increasingly thinking not only about how to find, extract and use useful data from different corporate sources, but also how to properly build the business processes themselves in order to increase business profitability. In the context of global instability, it is especially important to find and use solutions that allow you to control and improve the efficiency of the company, as well as quickly adapt any processes to modern conditions, including the transition to remote work and maintenance. We will continue to provide customers with the necessary tools to help them make the right decisions and support business development. comments Dmitry Shushkin, CEO of ABBYY Russia

29% of all projects in the first half of the year were implemented in banks

In Russia, banks are leading in the use of ABBYY technologies: 29% of all the company's projects in the first half of 2019. Customers from the oil and gas sector are in second place.

Significant growth was shown by the direction of educational projects. In the first half of 2019, using the ABBYY Monitoring platform, more than 140 different diagnostics were carried out throughout Russia: written and oral exams, in full-time and online. Together with the Federal Institute of Pedagogical Measurements (FIPI), the official developer of control measuring materials for state final certification, ABBYY tested new KIM models. Also, over the past six months, 2.5 million independent online tests for schoolchildren in grades 1-11 have been carried out on the platform in the Moscow region. ABBYY technologies continue to be used to process exam and OGE results.

2018: Abbyy Russia revenue growth by 47%

On March 5, 2019, ABBYY, a developer of intelligent information processing and linguistics solutions, summed up the work in 2018. ABBYY Group's total revenues increased 15% in dollars. About 90% of them fell on the corporate segment. ABBYY Russia showed active growth, the ruble revenue of which increased by 47%.

About 60% of revenues to the group of companies brought business to USA and. To Europe ABBYY has strengthened its position in the markets for intelligent information processing RPA and (). Robotic Process Automation In 2018, the company entered into strategic partnership agreements with UiPath, and, Blue Prism NICE Systems according to which a universal platform for intelligent information processing ABBYY FlexiCapture integrated with the products of these vendors. According to the study, large KPMG businesses around the world are actively increasing investments in intelligent automation by implementing business processes solutions based on, and RPA. artificial intelligence machine learning Total investment in this area is expected to grow from $12.4 billion in 2018 to $232 billion by 2025.

ABBYY Group's revenue from enterprise streaming solutions data grew 34% - which is estimated to be IDC 5 times faster than the global market growth in 2018. ABBYY retains a leadership position in this direction, according to IDC. IDC believes the global streaming data market will grow to $1.2 billion by 2022. ABBYY technologies also continue to license companies,,,, and Fujitsu Epson. Hewlett Packard Enterprise RICOH Xerox

In Russia, projects in the field of intelligent information processing for corporate customers of the financial, energy and oil and gas industries have become a key factor in the growth of ABBYY's business. In 2018, Sberbank introduced the ABBYY intelligent solution for monitoring news for risks about more than 1000 counterparty banks in real time, with ABBYY FlexiCapture VTB 2.5 times accelerated the opening of an account for small and medium-sized businesses, and NPO Energomash, a leading supplier of rocket engines, part of Roscosmos Corporation, began to implement corporate search based on ABBYY technologies. During the year, ABBYY Russia's corporate revenue increased by 63%.

Significant growth was shown by the direction of educational projects. ABBYY Russia's active cooperation with educational institutions increased revenue in this segment of the company's business by 42%. In 2018, with the help of ABBYY Monitoring platform, more than 100 diagnostic works were carried out for teachers and schoolchildren across the country: written and oral exams, in full-time and online. ABBYY technologies continue to be used for the implementation of USE and OGE projects.

author '= Dmitry Shushkin, CEO of ABBYY Russia ' Artificial intelligence, machine learning, NLPs are becoming an integral element of the digital transformation of companies in different industries, and 2018 in this regard has become a landmark year for the Russian market. ABBYY projects have proven the effectiveness of intelligent information processing technologies. More organizations are using these solutions to successfully manage large amounts of data to boost revenue, deliver services at a very different level, attract customers, and accelerate business processes.

Forrester Research notes that 60% of company leaders consider the complexity of working with unstructured data to be the main obstacle to digital business transformation.

According to Tractica, the NLP market for the corporate segment will grow by 50.5% annually and by 2025 will amount to $22.3 billion.

2017

Revenue growth - 25%

Abbyy group revenue grew 25% in 2017, the company said in January 2018. Abbyy notes that the company showed such growth for the first time in the last five years.

In Russia, the company's revenue increased by 12%. The company told TAdviser that over the year the distribution of revenue in Russia and abroad has not changed significantly: the Russian market accounts for about 10% of the company's revenues.

The bulk of the revenue - about 60% - Abbyy was brought by representative offices in the United States and Europe. Abbyy clarified to TAdviser that in the United States the company's revenue grew by 55%, in Europe - by 24%.

In recent years, we have been actively focusing on corporate sales of our end solutions. And if in the Russian market we have long been a recognized leader and have implemented dozens of large projects in different industries, in the international market we are only developing this direction, - said TAdviser in Abbyy. - This year we have completed a number of important and large projects in the USA, Europe, Australia and other countries. They have become our key growth driver in the emerging global market for intelligent information processing.

The bulk of Abbyy's revenue was brought by the US and European markets

Abbyy's significant source of revenue in the world is also technology licensing for companies such as Fujitsu, Epson, Hewlett-Packard, Panasonic, Samsung, Xerox, the company says.

In 2017, Abbyy completed dozens of major projects in banks, the oil and gas sector, power, industry, retail and other industries in the Russian market. Among the company's clients are PwC, Modulbank, Tatenergosbyt and others. In addition, Abbyy has rebuilt the process of processing primary documentation in MUEC.

More than 90% of the company's sales came from the corporate segment. Abbyy CEO in Russia Dmitry Shushkin notes the growth in the use of artificial intelligence systems to solve business problems. For example, to make decisions about customer registration, assess risks, work with requests for technical support, he says.

Solutions in the field of intelligent information processing, including using machine learning technologies, were in greatest demand. Companies in the banking, oil and gas, power, industry, retail and other industries are increasingly interested in intelligent solutions that allow you to automatically process and analyze various types of text information, "said TAdviser in Abbyy.

Dmitry Shushkin new CEO of ABBYY Russia

In April 2017, Dmitry Shushkin was appointed Director General of ABBYY Russia. His area of ​ ​ responsibility includes the promotion and sale of the entire ABBYY product line in Russia.

2014

Revenue growth in the corporate segment - 19%

The growth of the company in the corporate segment amounted to 19% in rubles. A year earlier, this figure was 7%. According to IDC, in general, the Russian software market in 2014 grew in rubles by 8.3%. At the same time, ABBYY remains the leader in the Russian segment of data streaming software (the segment "image capture and management" in ECM systems, according to IDC). The company's products account for about 60% of the market.

Company with the best corporate reputation

On February 3, 2014, it became known that experts from Russia named ABBYY among the Russian companies with the best corporate reputation. This information is contained in the eighth issue of the report of the Reputation Council, which since 2009 has been conducted by the Global Reputation Center Ipsos MORI (UK) and Synovate Comcon (Russia). ABBYY was highlighted as an example of an innovative Russian company that has achieved success in the international market. The report also names Yandex, Kaspersky Lab, Megafon, VTB 24, Alfa-Bank and others.

The Ipsos MORI study is based on interviews with corporate communications experts from the most prominent companies in Europe, Latin America, Russia, Hong Kong, India and the United States. In 2014, Reputational Council members for the first time named companies that they consider the best in terms of corporate reputation. Experts consider the quality of goods or services to be the main driver of reputation. Also important criteria are innovation, openness, attractiveness of the company as an employer and compliance with the declared reputation.

Experts from Russia interviewed by Synovate Comcon put high-tech brands first, and also especially highlighted companies that, having arisen in the local market, were able to grow to international ones. Among the examples of such companies was named ABBYY.

Projects in the corporate market

"The average return on ABBYY's data streaming projects ranges from 3 months to 1 year. The implementation of the company's solutions reduces the cost of processing documents by more than 50%, which de facto corresponds to a twofold increase in efficiency in this direction. That is why our solutions are still in demand today, "comments Dmitry Shushkin, director of corporate projects at ABBYY Russia

ABBYY continues to develop projects in organizations from the banking, energy and oil and gas industries, as well as from the public sector. In 2014, projects in Russian banks were continued, including Sberbank, VTB, Alfa-Bank and Raiffeisen Bank. Projects were implemented in the Federal Tax Service of Russia, the State Duma of the Russian Federation, subsidiaries of Rosneft, Sibur and other large organizations.

Transportation, logistics and retail companies are also interested in streaming solutions. Thus, ABBYY implemented projects for Media Markt, ABC of Taste, Avtomira, Coffeemania, Russian Railways.

2011

Global sales growth by 35% and 45% in Russia

The revenues of the Russian developer of PO ABBYY in the world in 2011 increased by 35%. In the Russian market, the increase in the company's revenues reached 46%, doubling the total growth of the software market in Russia, which amounted to 22%.

Sales growth in the segment of products for the mass user (Lingvo electronic dictionary, FineReader text recognition program, etc.) amounted to 28% compared to 2010. At the same time, sales in Russia of mobile applications - portable versions of desktop products on iOS and Android and independent applications, for example, electronic business card reader - increased by 72% over the year.

In 2011, the CEO of the ABBYY group of companies Andreev Sergey stated that the company was considering the possibility of entering a IPO reasonable perspective.

"This moment should come after we bring a computer linguistics project to the product stage, which can happen within five years," said Sergey Andreev.

Skolkovo grant for 450 million rubles

In February 2011, the Skolkovo Foundation approved the allocation of a grant in the amount of 450 million rubles. Abbyy. The money is allocated to create the Compreno automatic word processing technology, the total project budget will be 950 million rubles. (Abbyy itself will invest the rest of the funds). The grant from Skolkovo is gratuitous and does not imply a return on investment, Abbyy noted. Earlier, Skolkovo President Viktor Vekselberg named Abbyy among those companies with which the fund intends to cooperate.

To carry out the work on the grant, a separate company Abbyy Infopoisk was created. She will become one of the first residents of the Skolkovo innograd, Andreev notes, the staff of specialists working on Compreno technology and the corresponding intellectual property will be transferred to it. True, while the new company will function outside Skolkovo due to the lack of readiness of the innograd infrastructure.

Most of the work on the creation of Compreno technology has already been done, says Sergey Andreev, 300 specialists are working on it, who have spent 1 thousand people on the project. The cost already invested in Compreno, Abbyy's president estimates at approximately $50 million. Commercial products based on the new technology should appear within two to three years.

Compreno technology is designed to create systems for analyzing, translating and searching texts in various languages. With the help of this technology, it will be possible, for example, to automatically compile a context database for improved text analysis, text autoreferencing, etc.

2010: Overview of projects in Russia

ABBYY's clients by 2010 include: Presidential Administration, State of the Russian Federation Duma of the Russian Federation, Central Bank of the Russian Federation, Sberbank of Russia State Lomonosov Moscow University, A.S. Pushkin State Museum of Fine Arts; governmental organizations, Germany Australia, Lithuania, Brazil Slovakia, Malaysia; Nestle, PROCTER&GAMBLE and many others.

ABBYY projects in Russia include:

• Integrated software OS-based text recognition complex, Linux Ministry of Defense of the Russian Federation.
• Automated entry and processing of tax returns, Federal Tax Service of the Russian Federation.
• Processing of customs declaration forms, Federal Customs Service of the Russian Federation.
• Automated entry of financial and economic reporting documents, Federal Tax Police Service of the Russian Federation.
• Data Processing and Verification, Federal Financial Monitoring Service (Rosfinmonitoring).
• Processing of pension forms, Pension Fund of the Russian Federation.
• Processing of test results for graduates of educational institutions (USE), Federal Testing Center under the Ministry of Education and Science of the Russian Federation.
• Data processing of annual medical observations of children aged 1 to 18 years, Department. health care Moscow
• Entering Customer Payment Documents, Sberbank of Russia.
• Centralized system of electronic archive of client files, Alfa-Bank.
• Retroconversion of accounting catalogs, State Public Scientific and Technical Library of Russia.
• The basic software package of Russian schools within the framework of the national project "Education" is provided by the ABBYY Lingvo electronic dictionaries and the ABBYY FineReader recognition system, the Ministry of Education and Science of the Russian Federation, the Ministry of Communications and Mass Communications of the Russian Federation.
• Electronic translation of the library archives of the largest libraries in the United States as part of the Microsoft Live Search Books project.

2009: RAS names Abbyy the most competitive software developer

According to the results of the study of the competitiveness of Russian IT companies in the domestic and international markets, conducted by the RAS in early 2009, ABBYY was named the most competitive company among software manufacturers. "Competitiveness of domestic manufacturers of information technology and software."

2006: Beginning of Department Support at MIPT

ABBYY supports the work of the Department of Image Recognition and Text Processing, created at the Faculty of Innovation and High Technologies of the Moscow Institute of Physics and Technology (MIPT) in 2006. Each year, about 30 of the top students in the department are enrolled free of charge and receive a scholarship from ABBYY. The company helps to ensure that the most talented students remain working in Russia, and not go abroad.

1989: David Yang establishes BIT Software

The company was founded in 1989 in Moscow by a 4th year student of the Moscow Institute of Physics and Technology (MIPT) David Yan.

Products

For individual use in the office or at home:

• ABBYY FineReader - Document Recognition System
• ABBYY FineReader Online - online service for text recognition and conversion
• ABBYY Lingvo - electronic dictionaries for PC and mobile devices
• ABBYY PDF Transformer is a program for converting PDF files to editable formats and saving documents to PDF
• ABBYY Business Card Reader - application for recognizing business cards with smartphones

For enterprise users:

• ABBYY FlexiCapture is a comprehensive solution for automating streaming data input from forms, questionnaires, forms, declarations
• ABBYY Recognition Server is a server product for automating optical image recognition and PDF conversion processes
• ABBYY FineReader Bank - a single solution for automated data entry from payment orders and other bank documents

Developer Products:

• ABBYY FineReader Engine is a developer toolkit for integrating document recognition, conversion and conversion technologies into applications on Windows, Linux, MacOS and FreeBSD platforms
• ABBYY FlexiCapture Engine is a developer toolkit for integrating data streaming and document processing technologies into Windows-based applications
• ABBYY Mobile OCR SDK is a developer's toolkit for creating compact text recognition solutions on various mobile platforms

Membership in associations

ABBYY is a member of The Localization Industry Standarts Association and is a member of the Translation Automation User Society.