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ABBYY Q3 2018 Highlights Show Growing Interest for Content Intelligence

October 11, 2018

MILPITAS, Calif.--(BUSINESS WIRE)--Oct 11, 2018--The growing need for organizations to gain artificial intelligence from their processes and use of robotic process automation (RPA) drove third quarter 2018 corporate highlights for ABBYY®, a global provider of content intelligence solutions and services. During the quarter, ABBYY made major product enhancements, formed strategic partnerships with RPA vendors, and appointed key executives in the US and Europe to drive market penetration. Major analyst firms included ABBYY in market reports while ABBYY also developed resources to educate the market on the importance of content intelligence, its complement to RPA and relation to GDPR compliance challenges, and company success stories. This digest contains a few highlights of Q3 2018.

Product News

ABBYY’s New FlexiCapture Platform Is Faster, More Powerful, and Runs Native in the Cloud On September 27, ABBYY launched ABBYY FlexiCapture 12 Release 2. The updated enterprise capture platform offers dramatically improved performance and higher processing speeds, continuous improvement through deeply integrated machine learning, and a new delivery channel – FlexiCapture Cloud, which is hosted and managed by ABBYY on Microsoft Azure Cloud. FlexiCapture 12 R2 allows any organization pursuing a digital transformation strategy to reduce processing costs, improve accuracy, accelerate time-to-revenue, and strengthen their position in the market. Learn more>>>>

Partnership News

Blue Prism and ABBYY Partner to Integrate Intelligent Optical Character Recognition (OCR) Capabilities with Enterprise-Grade Robotic Process Automation (RPA) Blue Prism and ABBYY announced a strategic partnership to integrate ABBYY FlexiCapture with Blue Prism’s Digital Workforce automating the process of turning unstructured content into structured, actionable data for enterprise users. ABBYY and Blue Prism have been visionary leaders when it comes to intelligent capture and RPA technologies, and together will deliver complementary solutions with the goal of helping organizations become more innovative and efficient with their business processes. Learn more>>>>

Customer News

ABBYY closed significant new enterprise customer wins with Fortune 500 companies during the quarter. They represent a growing awareness of ABBYY’s natural language processing and machine learning technologies to automate structured and unstructured data into business processes and be the driver for content intelligence.

Notable new customers include a global manufacturer of desktops, laptops, thin clients, workstations and rugged devices; a manufacturer of electric cars; and a manufacturer of space technology.

Executive News

ABBYY Appoints Torsten Malchow as Vice President, Head of Global Enterprise Sales Malchow will be driving the development and execution of sales strategies that expand ABBYY’s presence in targeted industries and regions. His leadership will be a significant contributor to ABBYY’s continued double-digit revenue growth. Learn more>>>

Christian Marquardt is the New Director of Partnerships in Europe Marquardt will continue to drive partner business growth in Europe as Director of Partnerships & Alliances DACH, Benelux, France, and UK. He has extensive experience acquiring new RPA partners and systems integrators. Learn more>>>

Industry Events

FlexiCapture Has Its Day at PegaWorld 2018, June 3-6 The PegaWorld 2018 Conference in Las Vegas was one of the largest intelligent automation events of the summer. ABBYY has been working closely with Pega to help global clients across industries accelerate innovation and achieve digital transformation goals. Learn more>>>>

Making Robots Smarter with Content Intelligence at Intelligent Automation Week, July 30 – Aug. 2 ABBYY participated in the Intelligent Automation Week in Chicago where our RPA experts moderated a roundtable discussing content intelligence and RPA. It was clear that organizations in the midst of RPA operation want to involve unstructured content. Read about the roundtable and five key takeaways from the conference. Learn more

Information Show 2018 in Brazil Signals Increased Interest in Intelligent IT Solutions, Aug. 21-22 Brazil is ranked at the 9 th largest technology market making São Paulo the ideal location to host this year’s Information Show 2018. The country’s GDP is expected to grow 5.8% according to IDC Brazil, an indication that companies who abandoned IT projects in the wake of its 2016 economic crisis are ready to invest in new technology. Catherine Egorova, Brand Manager for ABBYY Emerging Markets, shares her experience at Information Show 2018 and how FlexiCapture is poised to help Brazilian companies find calm in the information chaos. Learn more>>>>

ABBYY Attends Encompass Conference 2018 On Oct. 3, 2018, ABBYY attended Square 9 Softworks’ Encompass Conference in Nashville, TN. ABBYY demonstrated its FlexiCapture platform and how users of Square 9 solutions can benefit from content intelligence to improve their business environments. Learn more>>>>

New Research Studies and Analyst Reports

Generational Divide as Millennials Look to Avoid Human Interaction This quarter, ABBYY released the findings of the new research study commissioned in the UK. 1,200 employees in the UK found that 17% of 18-34 year-olds hate speaking to customers, yet only 4% of over 55s felt the same. Additionally, 1 in 10 (10%) of 18-34 year-olds would delegate speaking to customers to robots, again compared to only 4% of over 55s. See what else employees want to delegate to robots. Learn more>>>>

ABBYY Noted in Eight Gartner Research Notes: (subscription required, contact ABBYY for details)

Market Guide for Robotic Process Automation Software Assessing Microsoft Azure Service Fabric for Devops And Microservice Architecture Market Guide for Managed Print Services in the Digital Workplace Clarify Strategy and Tactics for Artificial Intelligence by Separating Training and Machine Learning Competitive Landscape: Consulting and System Integration Service Providers for Robotic Process Automation Driving an Effective Ai Strategy When and How to Use Robotic Process Automation in Finance and Accounting How to Boost Artificial Intelligence with Content (And Vice Versa)

Forrester Research, : (subscription required, contact ABBYY for details) ABBYY is featured in the report summarizing leading vendors, their RPA/text analytics use cases, capabilities and RPA platform partnerships.

Cognilytica evaluates ABBYY’s solutions, customer examples, industries served, and how it is positioned among competitors and differentiators. The analyst firm states ABBYY is a dominant and sustainable player in the market for its capabilities helping organizations automate very unstructured documents to obtain business value through content intelligence.

New White Papers, Webinars and Case Studies

KMWorld, white paper, “ The Trend-Setting Products in Knowledge Management 2018 ” featuring ABBYY FineReader Engine 12

AIIM, The Digital Landfill blog, “ GDPR and the Data Governance Imperative

Webinar, “ Navigating the GDPR Compliance Challenge,” with Amy Weiss, editor-in-chief at Workflow Magazine and ABBYY

White Paper, “New Technologies Give Rise to Content Intelligence”

Case Study, “ Global Food Redistributor Automates Inbound Purchase Orders to Narrow Digital Divide Among Distributors

White Paper, “ Digital Transformation in Transportation and Logistics

Trending on ABBYY Blog

A Summer to Remember This summer, the world tuned in to watch the World Cup. For the UK, the entire country was rejuvenated in seeing how its team played with freedom and intelligence. Paul Goodenough, Head of Enterprise Sales of ABBYY UK, likened it to how organizations are responding to digital transformation and traditional ways of doing business are now a thing of the past. Read his article on ABBYY Blog>>>>

AI Gone Wild: Why Evil Data is Scarier than Evil Algorithms As artificial intelligence is applied to new sectors of the economy, more people are concerned that AI constitutes a real danger: no only to their jobs, but mankind as a whole. This article takes a closer look at unlocking the origin of fear and examines good vs. “evil” datasets. Learn more>>>>

Upcoming Events

ABBYY Hosts Annual Technology Summit to Demonstrate Benefits of Content Intelligence Las Vegas, Oct. 10-12 ABBYY’s 6 th annual ABBYY Technology Summit is taking place Oct. 10-12 at The Cosmopolitan of Las Vegas. More than 500 global customers and partners are expected to attend the summit to take a deep dive into the impact RPA is having on intelligent capture and the market need for Content Intelligence. Keynote speakers include Toby Bell, industry expert, and Sarah Burnett, Executive Vice President and Distinguished Analyst, at Everest Group. Learn more>>>>

Banque & Innovation 2018 Paris, Oct. 16 On Oct. 16 ABBYY is attending Banque & Innovation in Paris, France, to showcase its latest innovations shaping the banking sector. Learn more>>>>

Washington, D.C., Oct. 14-17 The ABBYY team is heading to Washington, D.C., Oct. 14-17 to meet with leading lenders and financial institutions attending the Mortgage Bankers Association Annual Convention. ABBYY will demonstrate how content intelligence makes the mortgage automation process faster and smarter through the use of AI and machine learning, enabling lenders to better understand customer content and data to make better decisions. Learn more>>>>

Lisbon, Nov. 5-8 This year, ABBYY is partnering with Web Summit, one of the largest technology conferences in the world, to showcase the AI-enabled Content Intelligence solutions. The conference will take place in Lisbon, Portugal, November 5-9, 2018. All Web Summit attendees are invited to ABBYY founder David Yang’s panel as well as to ABBYY’s stand E111, FIL 1 for demos and consultations. Stay tuned for updates>>>>

IOFM APP2P Fall Conference Las Vegas, Nov. 12-14 During Nov. 12-14, ABBYY is attending the IOFM APP2P Fall Conference in Las Vegas, the largest event dedicated to accounts payable and procure-to-pay practitioners. ABBYY will showcase how FlexiCapture solutions speed up the invoice and accounts payable processes. Learn more>>>>

Shared Services & Outsourcing Week 2018 Berlin – Germany, Nov. 12–15 Meet ABBYY at this high-class conference and show for the shared services and outsourcing network. Industry experts from the German-speaking region will discuss trends for Shared Services Centers and BPOs. One of the focus areas is how new automation technology can help achieve further cost optimization and higher productivity. Learn more>>>>

The AI Summit New York Dec, 5-6 ABBYY ends the year at The AI Summit New York, the world’s first and largest conference and exhibition to look at the practical implications of AI for enterprise organizations, and the actual solutions that are transforming business productivity. Anthony Macciola, Chief Innovation Officer, is presenting alongside IBM, Microsoft, Google, Oracle and UiPath to share how ABBYY’s solutions are delivering AI capabilities to organizations. Learn more>>>>

To stay on top of the latest content intelligent products, solutions, and resources from ABBYY, subscribe to receive the ABBYY Corporate News Digest by emailing gina@raypr.com.

About ABBYY

ABBYY is a global leader in content intelligence solutions and services. ABBYY offers a complete range of AI-based technologies and solutions transforming business documents and content into business value. By providing digital transformation solutions to financial services, insurance, transportation, healthcare and other industries, the company helps organizations achieve the next wave of growth by understanding customers and delivering responsive real-time intelligent systems. The flexibility of ABBYY AI solutions enables customers to utilize a diverse range of advanced technologies, platforms and solutions for classification, text analytics, data and entity extraction, and data validation via any communication channel and in any format. ABBYY technologies are used and licensed by some of the largest international enterprises and government organizations, as well as SMBs and individuals. 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181011005221/en/

CONTACT: ABBYY Editorial Contact:

Gina Ray, APR

+1 949-370-0941

gina@raypr.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE PROFESSIONAL SERVICES CONSULTING FINANCE

SOURCE: ABBYY

Copyright Business Wire 2018.

PUB: 10/11/2018 07:00 AM/DISC: 10/11/2018 07:00 AM

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