Data Capture: ABBYY Receives Trend-Setting Product Award From KMWorld

ABBYY USA, a leading provider of recognition, data capture and linguistic technologies, recently announced that its FlexiCapture 8.0 Professional product has been selected by KMWorld Magazine as a Trend-Setting Product of the Year for 2007.

"Every company whose products were chosen for this year's list of Trend-Setting Products is being acknowledged for its willingness to listen and serve its customers with useful products and innovative solutions," said Hugh McKellar, KMWorld editor-in-chief. "Our team of editors, analysts, integrators and users considered more than 650 individual products in identifying these leaders."

ABBYY FlexiCapture 8.0 Professional is a dynamic data capture solution that intelligently automates data extraction from any type of paper form or document without the need for manual pre-sorting or manual keying. Today, over 70 percent of business transactions are still conducted via fax and paper documents, and many organizations still rely on manual data entry and processing which are both error-prone and costly. FlexiCapture 8.0 extracts data from structured forms, semi-structured forms, unstructured documents or any combination of several document types, and efficiently provides accurate data for input into databases and a variety of business systems and processes.

FlexiCapture is an easy-to-deploy, cost-effective yet powerful desktop solution, designed to meet organizational and departmental paper-processing needs in a variety of industries including banking, insurance, education, healthcare, accounting and legal.

"Being selected for an award which emphasizes both the high quality and innovativeness of our products is a great honor," said Dean Tang, CEO of ABBYY. "This recognition helps to confirm ABBYY's commitment to providing intuitive and accurate data capture solutions designed to help companies greatly improve their organizational productivity in extracting transactional and non-transactional information from paper- ased documents."

For more information about FlexiCapture, please visit www.abbyy.com.

About KMWorld
The leading information provider serving the knowledge managementsystems market, KMWorld covers the latest in Content, Document and Knowledge Management and informs more than 50,000 subscribers about the components and processes and subsequent success stories that together offer solutions for improving business performance.

About ABBYY USA
ABBYY USA is subsidiary of ABBYY Group, a world leader in document recognition and linguistic technologies. ABBYY specializes in the development of software for optical character recognition (OCR), intelligent character recognition (ICR), linguistics, semantics, and electronic lexicography. Leading products from ABBYY include the FineReader line of recognition software and development tools, and FlexiCapture line of dynamic data capture solutions. Companies that license ABBYY's recognition technologies include Anoto, Cardiff, Banctec, BenQ, DICOM/Kofax, EMC, EPSON, Freedom Scientific, Fujitsu, Kurzweil, Microtek, NewSoft, Notable Solutions, Stellent, Panasonic, ReadSoft, Samsung Electronics, Saperion, Siemens Nixdorf, Sumitomo Electric Systems, and Toshiba. The ABBYY Group Headquarters are located in Moscow, Russia with offices in Ukraine, the United States, the UK, Japan, and Germany.

For more information, visit www.abbyy.com.

SOURCE: ABBYY USA