ABBYY FlexiCapture 10 Recognized with KMWorld Trend-Setting Product Award

MILPITAS, Calif., Aug. 22, 2012 /PRNewswire/ -- ABBYY®, a leading provider of document recognition, data capture and linguistic software and professional services, today announced that FlexiCapture 10 has been recognized with KMWorld Magazine's Trend-Setting Product of the Year Award for 2012.

"This year, KMWorld honors companies that define and enhance the market with their commitment to develop innovative solutions for their customers," said Hugh McKellar, editor-in-chief of KMWorld Magazine. "ABBYY continues to exemplify this by delivering comprehensive and intelligent solutions to the market that meets end user needs. The company's commitment to driving the industry forward through innovative technologies that enhance business processes has earned it a seventh consecutive award."

Since its inception in 2003, KMWorld Magazine's Trend-Setting Product of the Year award judging panel, consisting of industry editors, analysts, system integrators, vendors, line-of-business managers and users, have evaluated and recognized breakthrough products in the knowledge management industry. This year's panel assessed more than 700 products selecting best-in-class solutions as its Trend-Setting Products of the Year.

ABBYY FlexiCapture 10 is an intelligent document and data capture technology that quickly and accurately extracts key data from a variety of documents. Suitable for virtually any industry, the solution offers a full range of functionality for document scanning, classification, indexing and data extraction for structured, semi-structured and unstructured documents. ABBYY FlexiCapture 10 automates and improves the efficiency of business processes and eliminates time and resource consuming manual data entry.

"This year's recognition by KMWorld validates the direction we started on when we sought a way to make data capture and document recognition technologies relevant in a distributed, enterprise environment," said Dean Tang, CEO of ABBYY USA. "We developed our data capture solution to save enterprise organizations time and money by streamlining data processing and communication. We're honored by the multiple awards that FlexiCapture has won this year and we're committed to providing innovative solutions that meet the changing needs of the industry.

For more information about ABBYY FlexiCapture 10, please visit: http://www.abbyy.com/data_capture_software/.

About KMWorld
KMWorld (www.kmworld.com) is the leading information provider serving the Knowledge Management systems market and covers the latest in Content, Document and Knowledge Management, informing more than 45,000 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. (www.infotoday.com)

About ABBYY
ABBYY is a leading provider of document recognition, data capture and linguistic technologies and services. Its key 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, supporting a variety of platforms and computing environments. ABBYY Language Services provides comprehensive linguistic solutions to corporate customers. Paper-intensive organizations from all over the world use ABBYY solutions 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, Montgomery County Government of the USA, and Government of Canada. Companies that license ABBYY technologies include BancTec, Canon, EMC/Captiva, Hewlett-Packard, KnowledgeLake, Microsoft, NewSoft, Notable Solutions, Samsung Electronics and more. ABBYY OCR applications are shipped with equipment from the world's top manufacturers such as Epson, Fujitsu, Fuji Xerox, Microtek, Panasonic, Plustek, Ricoh, Toshiba, and Xerox. ABBYY is headquartered in Moscow, Russia, with offices in Germany, the UK, the United States, Canada, Ukraine, Cyprus, Australia, Japan and Taiwan. For more information, visit http://www.abbyy.com.

ABBYY, the ABBYY Logo, FineReader, ADRT, Lingvo, FlexiCapture, Recognition Server, and PDF Transformer 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.

SOURCE ABBYY