ABBYY Lingvo Selected as Official Gift at XI Saint-Petersburg International Economic Forum

June 18, 2007

Several Thousand Attendees of One of the Major Economic Event Gathering the World's Business and Political Leaders Received ABBYY Lingvo, the Most Popular Dictionary Software in Russia

ABBYY, a world leader in the development of document recognition, data capture and linguistic technologies, provided support to the XI Saint-Petersburg International Economic Forum by presenting the attendees with its dictionary software, ABBYY Lingvo 12. The dictionary provides instant and accurate translation of words form Russian to English, German, French, Italian, Spanish, Chinese, Turkish, Ukrainian, and back. Lingvo 12 can be installed on a desktop PC, notebook, Pocket PC, and smartphone. With estimated number of users exceeding 5 million people*, ABBYY Lingvo is now the most popular dictionary software in Russia.

“We are pleased that the Forum organizers have selected a Russian software product as a useful present for the attendees,” said Gregory Lipich, ABBYY Russia CEO. “As I know, this idea has been supported by Mr. German Gref, the Minister of Economic Development and Trade of the Russian Federation. It is remarkable that Russia’s state authorities have admitted the importance of our IT industry and the recent progress made in that area. I am sure that ABBYY Lingvo will facilitate communication between Russian participants of the Forum and foreign guests, both during the Forum and after it.”

The XI Saint-Petersburg International Economic Forum was held on June 8-10, 2007. Organized by the Ministry of Economic Development and Trade of the Russian Federation, it is the biggest international investment project in Russia. Since 1998, the Saint-Petersburg Forum has become an annual event. This year, there were more than 9 thousand participants including 9 Presidents, 4 Prime Ministers, about 300 top managers from the world’s leading companies, representatives of state authorities of various countries, and about 1.5 thousand journalists from more than 60 countries. According to the Ministry of Economic Development and Trade, the agreements signed during the Forum are valued at about $13.5 billion.

*According to internal research.