Press release

ABBYY Doubles Down on Enterprise Strategy During Q1 2019

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ABBYY charged into the first quarter of 2019 (Q1 2019) with intense
focus to help global enterprises understand and extract meaning from
their content. In its inaugural report, Everest Group recognized ABBYY
as a leader in intelligent document processing for the execution of
its vision, market impact and successfully delivering solutions to
organizations worldwide. Also during Q1 2019, ABBYY reported 15%
annual revenue growth in 2018, and established and expanded
partnerships with robotic process automation (RPA) firms to meet growing
demand for content
IQ capabilities.

“We are pleased with the first quarter results and we are honored to be
recognized by Everest Group as a leader for intelligent document
processing. We see this as validation of our growth strategy and remain
focused on investing in innovative AI solutions and technologies,
expanding our sales team globally, and strengthening and adding new
partnerships with RPA, BPO and other solution providers,” commented Ulf
Persson, CEO at ABBYY. “It is rewarding to see the market embrace our
solutions that provide the new digital workforce the skills to
understand and extract content so global organizations can better make
intelligent business decisions. We are confident this momentum will
continue.”

Following are a few highlights from Q1 2019.

Partnership News

NICE
Robotic Automation Expands Partnership with ABBYY

NICE expanded its existing partnership with ABBYY with the integration
of FlexiCapture Distributed for additional AI capabilities to rapidly
streamline and process unstructured data. ABBYY delivers innovative,
end-to-end processing solutions that integrate with NEVA and NICE’s
unattended robots.

RPA
Firm Robiquity Enters into a Major Partnership Deal with Content IQ
Provider ABBYY

ABBYY and Robiquity entered into a new partnership that will enable
Robiquity to speed up its invoice and form recognition processing with
ABBYY FlexiCapture. Robiquity’s RPA efforts benefit from faster
end-to-end processing time, greater spend visibility and multichannel
invoice capture.

Blue
Prism and ABBYY Partnership Sees Customer Adoption Rise as Market Demand
for Intelligent Automation Capabilities Increase

Both Blue Prism and ABBYY have been working closely to integrate their
technologies as well as support a strong go-to-market strategy. As a
result, they announced dozens of new joint customers including ASB Bank
and Equinix who are using ABBYY FlexiCapture and Blue Prism’s
connected-RPA platform to intelligently automate millions of
transactions by turning unstructured content into structured and
actionable data.

Product News

ABBYY
Released Powerful PDF and OCR Solutions at American Bar Association
Annual Techshow 2019

ABBYY showed law firms how they can accelerate productivity with
FineReader 14 and FineReader Server 14. The company also illustrated the
benefits of using digital workers within their contracts by using ABBYY
Text Analytics for Contracts.

ABBYY
Added Salesforce Integration to Business Card Reader App for Android

ABBYY celebrated the 10th anniversary of its first mobile app
with an upgrade to its Business Card Reader app. Android users can now
easily export new contacts into Salesforce CRM as leads. The Salesforce
integration empowers business professionals to connect with customers
while freeing them from tedious tasks, such as typing in data from
business cards. The app instantly captures contact information from a
business card, saves it as a smartphone contact, and exports into the
Salesforce CRM system automatically creating a new lead.

Recent Industry Events

MWC Barcelona 2019 Feb. 25-28, 2019, Barcelona, Spain

ABBYY was among the innovators and influencers that gathered at MWC
Barcelona 2019. The company participated in the “Transformative AI Topic
tour” which featured exhibitors leveraging various types of AI.
Additionally, the flagship scanner app, FineScanner, was shortlisted in
the Most Innovative Mobile App category.

ABA Techshow Feb. 27–Mar. 2, 2019, Chicago, IL

ABA Techshow is where lawyers, legal professionals and technology all
come together. ABBYY demonstrated how AI-enabling technologies can be
used today in the legal field.

AIIM Annual Conference March 25-28, San Diego, CA

ABBYY demonstrated the power of combining RPA and intelligent capture to
deliver content IQ.

New Research Studies and Analyst Reports

ABBYY was featured in several industry analyst reports ranging from its
leadership in intelligent document processing, application of its
technology in finance and accounting, and its contribution to the
capture market.

ABBYY was recognized as a leader in the Everest Group Intelligent
Document Processing (IDP) – Technology Vendor Landscape with Products
PEAK Matrix™ Assessment 2019.

Gartner report: When
and Where to Use Robotic Process Automation in Finance and Accounting
where ABBYY FlexiCapture is mentioned.

Technavio: Global
Document Capture Software Market 2019-2023.

Additionally, ABBYY conducted independent research about workers’
attitudes toward AI and mobile technology:

Survey
finds US workers want to delegate 48% of tasks to Artificial Intelligence.
A US-based survey shows almost half of office workers would be happy to
have robots do parts of their job that they dislike, including reviewing
long documents, data entry, electronic filing and even attend meetings.

Over
half of millennials want to use mobile for admin, with only 35% of
businesses catching on. A UK-based survey commissioned by ABBYY
found organizations are struggling to digitize as 46% of employees find
pen and paper simpler to use. Workers haven’t realized the advantages of
mobile, with 91% still preferring to use a desktop or laptop for
administrative tasks.

New White Papers, Webinars and Case Studies

White paper: Transforming
Contract Analytics into Actionable Intelligence. Discover why
contract analytics is impacting contract review and obligations analysis.

Webinar with M-Files: How
is Your Organization Adapting to GDPR? This webinar helps you
uncover hidden data to mitigate your compliance risks.

Trending on ABBYY Blog

The
Tension between GDPR and Blockchain

A potentially problematic challenge for industry and legislators is the
apparent tension between privacy rights and the rapid
adoption of blockchain-based applications

5
AI Trends to Keep an Eye on in 2019

ABBYY’s Deputy Director of T&D identifies five trends that show how
artificial intelligence will help power enterprise digital
transformation journeys.

Why
Law Firms Need an All-in-One PDF Solution

Until recently, reviewing piles of legal documents is one of the pain
points of law firms.

Debunking
the Myths Surrounding Automation

ABBYY’s RPA delivery partner, Robiquity, corrects common myths
surrounding automation.

Upcoming Events

See ABBYY content IQ solutions in action around the world at the
following industry and partner conferences:

For the latest content IQ 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 IQ for the enterprise, and a
recognized leader in Intelligent Document Processing. Its artificial
intelligence technologies and solutions give the new digital workforce
the skills to understand and extract enterprise content, and help
organizations make intelligent business decisions. ABBYY’s technologies
are used by thousands of enterprises, government organizations, SMBs,
and over 50M individuals within financial services, insurance,
transportation, healthcare and other industries. They choose ABBYY for
the simplicity, extensibility and intelligence its solutions offer. 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.