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ABBYY Selected As One of “KMWorld 100 Companies That Matter in Knowledge Management”

Leading Provider of Intelligent Document Recognition, Data Capture and Processing Solutions Honored for Third Consecutive Year

FREMONT, Calif., Mar. 3, 2009 – ABBYY, a leading provider of document recognition, data capture and linguistic software, today announced it has been named as one of the “100 Companies that Matter in Knowledge Management,” by KMWorld, a leading information provider serving the knowledge, document and content management systems market. The prestigious list recognizes companies including Google, Apple, Citrix and Hewlett Packard that have helped to create, enhance, or define the knowledge management market.

“We are extremely pleased to be selected by KMWorld for the third consecutive year,” said Dean Tang, chief executive officer at ABBYY USA. “This type of industry recognition validates our efforts to deliver the best knowledge management solutions possible to our customers and partners.”

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 from industry leaders such as Epson, Fujitsu, Panasonic, Toshiba and Xerox. ABBYY’s products include the FineReader line of recognition software and development tools, FlexiCapture line of dynamic data capture solutions, Recognition Server high-volume document processing solutions and the Mobile OCR Engine for creating OCR solutions running on mobile devices or “instant OCR” applications.

“Each company selected embodies as part of its culture agile and limber execution of its mission, embracing a spirit of both adaptability and innovation,” said Hugh McKellar, editor in Chief of KMWorld.

The annual KMWorld list of 100 Companies that Matter in Knowledge Management was compiled by knowledge practitioners, theorists, analysts, vendors and their customers and colleagues.

About ABBYY
ABBYY is a leading provider of document recognition, data capture and linguistic software. Its products include the ABBYY FineReader line of optical character recognition (OCR) applications, ABBYY FlexiCapture line of data capture solutions, ABBYY Lingvo dictionary software, and development tools. Paper-intensive organizations from all over the world use ABBYY software to automate time- and labor-consuming tasks and to streamline business processes. ABBYY products are used in large-scale government projects such as those of Australian Taxation Office, Lithuanian Tax Inspectorate, Ministry of Education of Russia, Ministry of Education of Ukraine, and Montgomery County Government of the USA. Companies that license ABBYY technologies include BancTec, Canon, EMC/Captiva, Hewlett-Packard, Microsoft, NewSoft, Notable Solutions, Samsung Electronics and more. ABBYY OCR applications are shipped with equipment from the world's top manufacturers such as BenQ, Epson, Fujitsu, Fuji Xerox, Microtek, Panasonic, Plustek, Toshiba, and Xerox. ABBYY is headquartered in Moscow, Russia, with offices in Germany, the United States, Ukraine, the UK, Taiwan and Japan. For more information, visit http://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 http://www.kmworld.com/.

  Contact:

Mike Kelly
Nadel Phelan, Inc. +1-831-440-2403 Michael@nadelphelan.com

ABBYY, ABBYY Logo, FineReader 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.

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