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ABBYY Adds Industry Veteran Art Whipple to Executive Team

Milpitas, United States (July 14, 2015)

New Chief Financial Officer Brings 26 Years of Expertise to ABBYY'S Financial Operations

ABBYY®, a leading provider of technologies and solutions to action information, announced today the appointment of industry veteran, Arthur Whipple to the role of chief financial officer. As a new member of ABBYY's North American executive team, Whipple will be responsible for financial planning and operations, asset management, and overseeing funding and risk management.

"We're delighted and very fortunate to have found such a creative and experienced CFO. Arthur's impressive resume and background in building and executing global financial infrastructure is just what we were looking for to continue to drive ABBYY forward, and provide valuable insights to the ABBYY team." said Dean Tang, CEO of ABBYY North America. "We trust that Arthur will be a great asset to ABBYY's leadership moving forward and look forward to his impact on ABBYY's success."

Whipple brings with him nearly three decades of experience in technology industries as a trusted advisor and CFO. Prior to his position at ABBYY, Whipple was the CFO for several companies in the semiconductor industry including, Quicklogic Corporation, Teknovus, Inc., Silicon Storage Technology and, most recently, PLX Technology where he guided the business to a return to profitability and set the company up for its acquisition by Avago Technologies last year. Whipple graduated from the University of Washington and the University of Santa Clara and is a certified management accountant.

"ABBYY's vision to create the very best technology in the industry make them a compelling team to join. I'm looking forward to collaborating with such an impressive group of individuals helping them make ABBYY thrive and prosper within the industry," Whipple said. "I'm honored to be a part of this team and have big aspirations coming into this position for ABBYY's future success and growth."

About ABBYY

ABBYY is a leading global provider of technologies and solutions that help businesses effectively action information. The company sets the standard in content capture and innovative language-based technologies that integrate across the information lifecycle. ABBYY solutions are relied on to optimize business processes, mitigate risk, accelerate decision making and drive revenue. ABBYY technologies are used and licensed by some of the largest international enterprises and government organizations, as well as SMBs and individuals. The company maintains offices in Australia, Canada, Cyprus, France, Germany, Japan, Russia, Spain, Taiwan, UAE, the UK, Ukraine, and the United States. For more information, visit Key Facts.