ABBYY and Kofax Develop Partnership

Under a new worldwide licensing agreement, Kofax will use the FineReader® Engine for new PDF output capability.
Kofax and ABBYY have signed a strategic partnership agreement making ABBYY the Preferred Distributor
of Kofax Ascent Capture in Russia and CIS.

Moscow, Russia, August 8, 2003 - ABBYY, one of the world’s leading developers of optical character recognition and natural language processing applications, and Kofax, a leading developer of data capture systems, today announced a strategic worldwide technology licensing agreement. Under this agreement, Kofax selects ABBYY’s FineReader OCR Engine as its full-page OCR default in its flagship product, Ascent Capture® 6.0. The integration of the ABBYY FineReader Engine makes it possible for Ascent Capture 6.0 to offer built-in Adobe Acrobat® PDF file creation. With the FineReader Engine, Ascent Capture 6.0 users will now be able to output documents to image-only Adobe PDF format.  Searchable PDF creation is optional.

Kofax is the world’s leading developer of data capture and image processing products with about 50% of the global EDC market. Optical recognition is a crucial part of any data capture system, but developing recognition technologies on one’s own is costly and not always economically viable. Kofax licenses recognition technologies from leading OCR/ICR/OMR companies. High recognition quality is the major criteria used by Kofax when selecting recognition technologies for its products. In 2001 Kofax approached ABBYY, a leading developer of OCR products, and ABBYY created a recognition module based on its award-winning FineReader technology.

“We are particularly impressed with ABBYY for its extremely accurate OCR and page analysis capabilities, as well as its layout retention,” said David Oldfield, Ascent product manager.  “The FineReader custom module for Ascent Capture was extremely popular among Ascent users so it’s logical that we extend these capabilities to our Ascent Capture users as standard features.”

ABBYY and Kofax also announced a strategic partnership agreement giving ABBYY the status of Preferred Distributor of Kofax Ascent Capture in Russia and the CIS. Even though data capture systems are widely used throughout the world in document management and electronic archives, they are newcomers to the Russian Electronic Data Capture (EDC) market, which is only beginning to emerge. The current boom in the electronic document management systems has created huge demand for data capture solutions such as Kofax Ascent Capture, which are used for capturing data from paper and other sources and converting it into electronic form. ABBYY’s module can be fully integrated with Kofax Ascent Capture; it recognizes 177 languages and can save results in PDF format.

“This cooperation with Kofax and their licensing of our technologies has reaffirmed our status of the world technology leader in OCR. As for being Kofax distributors in Russia, we are starting to promote their product with great pleasure, because we believe the Russian EDC market has huge potential and Ascent Capture is the best product of its kind,” said Aram Pakchanian, ABBYY’s Vice-President for Corporate Projects.
"By distributing Ascent Capture through ABBYY, we're responding to the needs and requests of our end users and VARs in the CIS for a robust, fully integrated production capture solution, especially for mid- and high-volume capture requirements," said Dr. Heiner van den Berg, Kofax Regional Sales Manager for Central and Eastern Europe. "We believe that Eastern Europe, and especially Russia, are a major growth market for an integrated best-of-breed recognition and capture solution offered by ABBYY and Kofax."

Ascent - Enterprise Document and Data Capture

The Ascent platform for enterprise document and data capture economically and reliably captures large volumes of critical business information from paper as well as electronic sources such as XML, print streams, e-mail, application files, photos and Web forms.  With Ascent, document and data capture may be distributed throughout the enterprise -- wherever content enters the organization -- accelerating enterprise-wide access to information.  Data indexing and validation can be handled at low-cost sites anywhere in the world through Ascent’s browser-based Web Validation Server.

About Kofax

Kofax (http://www.kofax.com/), a division of the DICOM Group plc, is a leading developer of application software and image processing products for the Electronic Data and Document Capture (EDC) market.  EDC is essential to helping paper-intensive organizations economically, reliably and securely incorporate paper-based information into their electronic business processes.

ABBYY Software House is a leading Russian developer of linguistic and Artificial Intelligence (AI) software providing a line of OCR and text-processing programs and solutions. ABBYY’s products include: FineReader OCR systems – a family of programs for recognition of printed texts, tables and forms; FormReader – an ICR program for recognition and processing of hand-printed forms; FineReader Bank – a program for automated input of bank payment orders; ABBYY Retrieval & Morphology Engine – a set of developer’s tools for integration of full-text search and linguistic capabilities into external applications; and ABBYY Lingvo – a powerful dictionary system. ABBYY’s programs have gained universal acclaim and become popular with the users worldwide for their excellent performance and ease of use. ABBYY FineReader OCR systems have won more than 100 awards from the leading IT magazines. The ABBYY Group’s headquarters are located in Moscow with offices in Ukraine (ABBYY Ukraine), the USA (ABBYY USA, Fremont, CA), the UK (ABBYY UK, Bishops Stortford, England), and Germany (ABBYY Europe, Munich).

For more information about ABBYY, please visit the company’s website at  http://www.abbyy.com/

ABBYY and FineReader names and logos are registered trademarks of ABBYY Software House. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective companies and are hereby recognized.

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