ABBYY Receives KMWorld Trend-Setting Product Award for Third Year Running

FREMONT, Calif., August 25, 2008 – ABBYY, a leading provider of document recognition, data capture and linguistic software, today announced that its FineReader 9.0 product has been selected by KMWorld Magazine for the Trend-Setting Product list of 2008. This is the third year in a row ABBYY products have been recognized with this award. 

“Each company whose products appear on this list was chosen for one defining characteristic – their ability to deliver robust customer value,” said Hugh McKellar,KMWorld editor-in-chief. “This year, we’ve gone directly to vendors, analysts, system integrators and users to determine which products transcend their promises to produce real-world success.”

A comprehensive and easy-to-use optical character recognition (OCR) and document conversion application, ABBYY FineReader readily transforms scanned images, digital photographs of documents and PDF files into editable and searchable electronic files, providing a cost-effective and time-saving alternative to manual retyping. FineReader delivers precision accuracy in converting almost any type of document, including books, magazine articles, tables and spreadsheets, and contracts and faxes. With its breakthrough Adaptive Document Recognition Technology (ADRT™), ABBYY FineReader 9.0 is intelligent enough to recognize not just the text and basic layout, but the logical structure of a document and to automatically output editable files in native Microsoft® Office formatting. As a result, the headers and footers, page numbering, footnotes, line numbering, signatures, stamps, fonts and styles of the original are consistently retained across multiple pages.

ABBYY FineReader 9.0 was recently enhanced to include support for the Chinese (both traditional and simplified), Japanese, Hebrew and Thai languages, bringing its total recognition language count to 184.

“We are honored to receive this distinction from KMWorld for the third year in a row in recognition of our efforts to combine innovation with true market value,” said Dean Tang, CEO of ABBYY USA. “This award underscores our dedication to developing intelligent and highly accurate OCR and data capture solutions that enable businesses to improve workflows, save time and significantly reduce costs.”

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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 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. (www.infotoday.com)

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 and Japan. For more information, visit www.ABBYY.com.