About ABBYY ABBYY bought American integrator Digital Documents

 

About ABBYY ABBYY has announced the acquisition of the American integrator of document recognition and data capture Digital Documents. Amount of the transaction were not disclosed. With the help of Digital Documents Russian company hopes to gain access to new customers in the U.S. and Canada, said the developer.

  • "Hat" ABBYY's website
  • "Hat" ABBYY’s website

Digital Documents has hundreds of customers in North America. They are one of the largest suppliers of medical equipment in the U.S. American Medical Response, retailer of fashion accessories and jewelry Claire’s Stores, consulting firm Chicago Office Technology Group, Center for Talented Youth at Johns Hopkins University.

Previously, the ABBYY and Digital Documents were joint projects in the U.S. — companies have implemented solutions to automate document capture and data in a variety of industries.

According to president and CEO of ABBYY Group Sergey Andreev, Digital Documents will continue to work as an independent unit and will develop their own business. "It is important first of all to get a first-hand the competencies required to create products more suitable for vertical segments of the health and education. Subsequently, the company will help us build a better quality sales channel in these vertical segments of existing and newly created products ", — said Sergey Andreev.

«ABBYY and Digital Documents — companies that have extensive experience in the field of pattern recognition and automated document capture and data, — Comments Bruce Genger, President and CEO of Digital Documents. — Document Capture streaming technology enables our customers to maximize productivity and reduce costs. We are pleased to be part of a team that has a wealth of experience in the field of document recognition and data capture, and pays great attention to the needs of their partners’.

 

FAQ:

ABBYY (Pronounced "Huh? BBS") — a company that manufactures electronic dictionaries and software for OCR (OCR) And the input data.

The most famous products — OCR ABBYY FineReader and electronic dictionaries ABBYY Lingvo. The head office is in Moscow, other companies of the group — in USA, Australia, Canada, Germany, UK, Japan, Ukraine, Cyprus and Taiwan. In 2012, more than 30 million users and tens of thousands of organizations around the world use solutions ABBYY.[1][2] ABBYY products and solutions available to users in more than 150 countries through its network of partners and representatives. ABBYY — a vivid example of the success of Russian technologies on the world market.

The company’s turnover has not been disclosed, but experts estimate it at $ 100 million[3]

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