ABBYY Achieves Double Digit Annual Revenue Growth for Third Consecutive Year

ABBYY has announced its 2019 results, including continued double-digit year-over-year revenue growth and notable growth specific to revenue from RPA integrations and strategic partnerships. Additional drivers of success included an enhanced product portfolio following the acquisition of TimelinePI, now ABBYY Timeline, the end-to-end Process Intelligence platform.

ABBYY saw strong revenue growth in regard to its solutions within the Robotic Process Automation (RPA) market in FY19. Total annual company revenue derived from RPA partnerships, integrations and vendor licensing was up 210 percent.

ABBYY currently has over 50 RPA delivery partners, with customer adoption rising for several partnerships. RPA partnerships include UiPathBlue PrismNICE and other leading RPA vendors but also key RPA solution delivery partners..

ABBYY strengthened its Digital Intelligence portfolio with the acquisition of TimelinePI in August 2019. With the new offering, ABBYY’s suite of products enable customers to leverage both Process Intelligence and Content Intelligence to obtain an accurate and complete understanding of how their business processes operate and the content that fuels them. Additional product innovations that contributed to overall company success included enhancements to FlexiCapture, FineReader Server, and new Mobile Capture solutions.

ABBYY continued to see strong demand for its Digital Intelligence solutions in FY19, with customers including one of the world’s largest pharmaceutical companies, smart infrastructure solutions company Costain, a global medical supply manufacturer and distributor Medline, and other leading enterprises across industries. ABBYY also strengthened strategic partnerships and integrations with the leading global consulting firms. Currently, a third of Fortune 500 companies utilize one or more ABBYY solutions.

ABBYY also expanded its global presence in FY19 with the opening of an office in Hong Kong to enhance its relationships with enterprise customers and partners in the region. ABBYY is present in most countries in the APAC market with long-established offices in Japan, a strong network of partners, and several successful large-scale implementations in the region for enterprises in banking, telecom, insurance, and other verticals.

“Our highest commitment is to provide our customers with Digital Intelligence solutions that transform business processes and accelerate digital transformation,” commented Ulf Persson, CEO of ABBYY.

“We are proud of the growing number of industry-leading enterprises that put their trust in our solutions. We look forward to the opportunity to continue to provide innovations that positively impact business outcomes and deliver meaningful results for our customers.”