ABBYY Acquires TimelinePI to Strengthen Leadership Role in Digital Transformation

ABBYY, a global leader in Digital IQ technologies and solutions, today announced it has completed the acquisition of TimelinePI, a Philadelphia, Pennsylvania-based developer of a comprehensive process intelligence platform designed to empower users to understand, monitor and optimize any business process.

The acquisition of TimelinePI represents a significant milestone in establishing ABBYY’s leadership role in the digital transformation market as well as a global player in the emerging process mining market, which Gartner estimates will triple by 2023. The combination of ABBYY’s deep understanding of enterprise content in all its forms with the critical process context provided by the TimelinePI technology allows customers to achieve a level of digital intelligence previously unavailable. We call this Digital IQ for the enterprise.

The use cases for Digital IQ cross all industry boundaries. For example, financial services institutions are challenged with onboarding new customers for products including mortgages, consumer credit offerings, traditional banking services and investment products. Each of these services follow different business processes and require specific supporting documentation needed to verify employment, assets, income and identity. Any delay or error in these…