Everest Group Names ABBYY a Leader in its Intelligent Document Processing Products PEAK Matrix™ Assessment 2019

ABBYY, a global leader in Content IQ technologies and solutions, has been recognized by Everest Group, a leading consulting and research firm, as a Leader in its Intelligent Document Processing (IDP) products PEAK Matrix™ Assessment 2019. ABBYY is positioned in the top grouping of the comparative assessment among 16 vendors due to its impact in the market and its vision and capabilities to deliver solutions successfully.

Everest Group defines Intelligent Document Processing (IDP) as any software product or solution that captures data from documents (e.g., email, text, pdf, and scanned documents), categorizes and extracts relevant data for further processing using AI technologies such as computer vision, OCR, Natural Language Processing (NLP), and machine/deep learning. These solutions are typically non-invasive and can be integrated with internal applications, systems, and other automation platforms.

“We are honored to be recognized as a Leader for intelligent document processing, especially after achieving double digit revenue growth during 2018,” stated Ulf Persson, Chief Executive Officer at ABBYY. “Organizations are ready for wide deployments of AI capabilities within their content-centric processes, yet, we have identified a shift in the way they are consuming technology. We are continuing to innovate new solutions to meet and help accelerate enterprises at their various stages of digital…