ABBYY Announces Intent to Acquire TimelinePI to Deliver Digital Intelligence for Enterprise Processes

Acquisition Expands ABBYY’s Digital IQ Capabilities by Combining Content and Process IQ

ABBYY, a global leader in Content IQ technologies and solutions, today announced the intent to acquire Philadelphia, Pennsylvania-based TimelinePI. TimelinePI provides a comprehensive process intelligence platform designed to empower users to understand, monitor and optimize any business process.

The global process analytics market size is expected to grow to USD 1,421.7 million by 2023 according to Research and Markets. The acquisition of TimelinePI is intended as a strategic investment by ABBYY into the emerging process intelligence market, which is critical to truly understand the impact and effectiveness of business processes and opportunities for productivity gains from digital transformation investments. TimelinePI’s vision of combining the most versatile process mining and operational monitoring with cutting-edge, process-centric AI and machine learning will serve as a critical cornerstone to ABBYY’s Digital IQ strategy.

“Organizations are focused on digital intelligence to impact process, patient, business and customer outcomes. Process intelligence is required to truly…