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ABBYY?
ABBYY is a software company that produces intelligent document processing (IDP)[1],[2][3] process mining,[4][5] document conversion, data capture, and intelligent process automation (IPA) software.[6] It is headquartered in Charlotte, North Carolina.[7]
The company's products include ABBYY Vantage, ABBYY Timeline, and ABBYY FineReader. ABBYY partners with companies such as UiPath and Blue Prism, both robotic process automation (RPA) vendors, Alteryx, a self-service analytics vendor, Carahsoft Technology, and Kodak Alaris, which specializes in professional data capture solutions.[8][9][10]
History
The company was founded in 1989[9][7] by Armenian-born entrepreneur David Yang, who was a student at the time.[11][12]
Since 2018, the company partnered with major RPA vendors to create the ABBYY FlexiCapture Connector.[13] This allows companies to pull content into RPA platforms or push ABBYY content into RPAautomated workflow.[13]
In 2019, the company signed a joint business relationship agreement with PwC India.[14] This allowed the accounting and advisory firm to integrate ABBYY products into its operation centers.[14]
In March 2021, ABBYY released Vantage, a low-code/no-code intelligent document processing platform.[15][9] The company also launched ABBYY Marketplace, an open marketplace where organizations can purchase reusable AI skills.[15] In May, Marlin Equity Partners became the company’s largest shareholder.[6][16]
In June 2021, ABBYY updated its cross-platform open-source machine learning library, NeoML, so that it supported the Python programming language.[17][1] Developers can use the library to build, train, and deploy machine learning models.[17] In October, ABBYY and Carahsoft Technology formed a distribution partnership that made ABBYY’s software more available in the public sector.[8] The companies’ software was adopted by the National Oceanic and Atmospheric Administration (NOAA), the Food and Drug Administration (FDA),[18] and the California Department of Motor Vehicles.[8]
In March 2022, the company opened an office in Vilnius, Lithuania.[19] It was ABBYY’s 14th international office.[19]
Acquisitions
In 2019, the company acquired TimelinePI, a process mining company.[6]
In 2020, the Singapore division of Pericom Group, a digital imaging company, was acquired.[20][21]
Products
ABBYY Timeline - a process mining tool; it analyzes business processes and identifies which ones should be automated; continuously monitors automation updates.[22][8]
ABBYY Vantage - a low-code/no-code intelligent document processing platform.[15][9][8]
QuickHire is an American technology company based in Wichita, Kansas. Their career discovery platform matches businesses with potential employees in the service industry.[27][28][29]
History
QuickHire was created in Wichita, Kansas by sisters Deborah Gladney and Angela Muhwezi-Hall, daughters of Ugandan immigrants.[30][31][32] Muhwezi-Hall first came up with the idea in 2017 while working with high school students as a college and career counselor in Los Angeles.[28][27]
Gladney and Muhwezi-Hall wanted to connect service and skilled-trade workers with businesses during the COVID-19 pandemic, when many lost their jobs.[28][30][33] The app focuses on jobs that do not require college degrees such as those in the retail, restaurant, hospitality, and manufacturing industries.[27][34]
Gladney and Muhwezi-Hall quit their full-time jobs in August 2020 to work on QuickHire. The beta version of the app launched in September 2020 and was released to the public in April 2021.[28][35] They started the company using $50,000 of their own savings and an angel investor.[28]
In November 2021, the company raised $1.41 million in a round of funding led by Chicago-based MATH Venture partners, making Cladney and Muhwezi-Hall the first black women in Kansas to raise over $1million for a startup.[28][36][33][27]
The QuickHire app uses a swiping interface to connect employers with potential employees.[34] The technology includes video introductions and notifies users within 48 hours of an employment offer or rejection.[34]
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