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Xerox and ABBYY Sign International Cooperation Agreement

Uxbridge , United Kingdom (March 30, 2006)

ABBYY, a leading developer of document recognition and linguistic software, and Xerox International Group have signed an agreement to supply ABBYY FineReader Sprint Plus text recognition software for Xerox multifunction devices. The first device to be equipped with this software will be the Xerox WorkCentre PE220 and will appear on the market in Eastern Europe, the Middle East, India, Africa, Eurasia as well as in Russia this spring.

"Cooperation with Xerox is very important for us,” said Grigory Lipich, chief executive, ABBYY Russia. “By adding text and image recognition software to such devices we make it possible for Xerox equipment users to extend the capabilities of their multifunctional machines and to improve the management of their documents."

 

ABBYY FineReader Sprint Plus is the most popular and precise text and image recognition program on the Russian market. It allows users to scan and recognize texts without complicated formatting. The software recognizes documents in 177 languages, including Russian, Ukrainian, Polish, English, Spanish, Italian, German, and French. The results are editable in all popular office applications, including email and web use.

 

The ABBYY FineReader application will be supplied with multifunctional devices in all countries where Xerox International Group operates. Xerox International Group markets Xerox products in over 100 countries of the world across Eastern Europe, Eurasia, the Middle East, Africa and India.

 

"By forging links with new software partners such as ABBYY we are taking an important step in increasing the value we provide to our customers, helping them work more efficiently and maximizing the functionality of their devices," said Alexander Nikolov, office marketing operations manager, Xerox International Group.

About Xerox International Group

Xerox provides the document industry's broadest portfolio of offerings. Digital systems include color and black-and-white printing and publishing systems, digital presses and "book factories," multifunction devices, laser and solid ink network printers, copiers and fax machines. Xerox's services expertise is unmatched and includes helping businesses develop online document archives, analyzing how employees can most efficiently share documents and knowledge in the office, operating in-house print shops or mailrooms, and building Web-based processes for personalizing direct mail, invoices, brochures and more. Xerox also offers associated software, support and supplies such as toner, paper and ink. Xerox International Group markets Xerox products in over 100 countries of the world across Eastern Europe, Eurasia, the Middle East, Africa and India.

About ABBYY

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