ABBYY Receives Trend-Setting Product Award from KMWorld

FlexiCapture 8.0 Professional Honored for Leadership in Innovation

ABBYY, a leading provider of recognition, data capture and linguistic technologies, today 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 USA. “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-based documents.”

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