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ABBYY Selected for “KMWorld 100 Companies That Matter in Knowledge Management” Award

Leading Intelligent Document Recognition, Data Capture and Transformation Vendor Honored

FREMONT, Calif., Feb. 25, 2008 – ABBYY USA, a leading provider of recognition, data capture and linguistic technologies, today announced it has been named as one of the “100 Companies That Matter in Knowledge Management” by KMWorld, a leading industry publication. The coveted list recognizes companies that have helped to create, enhance, or define the knowledge management market.

“All the companies on the list have been thoroughly evaluated, and each has truly contributed value to the industry,” said Hugh McKellar, editor-in-chief of KMWorld. “Innovation is a key aspect that sets these companies apart from the others, and we believe that they are the year’s best in delivering solutions that help organizations to streamline processes and highlight the positive gains in the efficiency of knowledge workers. ABBYY USA is well deserving of this recognition.”

ABBYY is a globally established developer of solutions that capture, translate, and transform information into accessible and useful data. Its technologies are used by a variety of businesses, technology providers, integrators and government institutions. Its software is also bundled with leading imaging hardware, including scanners and multifunction devices.

Now in its eighth year, the annual KMWorld list of 100 Companies That Matter in Knowledge Management was compiled by a collaborative team comprising colleagues, KM practitioners, theorists, analysts, vendors and their customers.

“Our team is extremely honored to receive this recognition from KMWorld again this year,” said Dean Tang, chief executive officer at ABBYY USA. “The listing validates our commitment to continually providing the highest quality document recognition technology and data capture solutions that truly improve business efficiency for our customers.”


About ABBYY USA
ABBYY USA is subsidiary of ABBYY, a world leader in document recognition and linguistic technologies. ABBYY specializes in the development of software for optical character recognition (OCR), intelligent character recognition (ICR), linguistics, semantics, and electronic lexicography. Leading products from ABBYY include the FineReader line of recognition software and development tools, and FlexiCapture line of dynamic data capture solutions. Companies that license ABBYY’s recognition technologies include Anoto, Cardiff, Banctec, BenQ, DICOM/Kofax, EMC, EPSON, Freedom Scientific, Fujitsu, Kurzweil, Microtek, NewSoft, Notable Solutions, Stellent, Panasonic, ReadSoft, Samsung Electronics, Saperion, Siemens Nixdorf, Sumitomo Electric Systems, and Toshiba.  The ABBYY Group Headquarters are located in Moscow, Russia with offices in Ukraine, the United States, the UK, Japan, and Germany. For more information, visit www.ABBYY.com.

About KMWorld
The leading information provider serving the Knowledge, Document and Content Management systems market, KMWorld informs more than 50,000 subscribers about the components and processes - and subsequent success stories - that together offer solutions for improving business performance. KMWorld is a publishing unit of Information Today, Inc. For more information, please visit www.kmworld.com.

Contacts:

Heidi Rosenberg
Nadel Phelan, Inc.
heidi@npipr.com
+1-831-440-2405

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