Abbyy Buys TimelinePI

General News

Summary

Abbyy will continue to market and enhance the TimelinePI platform and offer it to its thousands of customers globally, including healthcare providers, banks, insurance companies, government agencies and others. TimelinePI co-founders Scott Opitz and Alex Elkin will join Abbyy’s management team and will continue to drive its process intelligence vision and business growth. Led by Ulf Persson, CEO, Abbyy offers a complete range of AI-based technologies and solutions getting insight from business content and processes to financial services, insurance, transportation, healthcare, and other industries. Its AI solutions enable customers to utilize a diverse range of advanced technologies, platforms and solutions for process analytics and intelligence, classification, text analytics, data and entity extraction, and data validation via any communication channel and in any format. The company maintains offices in Australia, Cyprus, France, Germany, Hong Kong, Japan, Russia, Spain, Taiwan, the UK, Ukraine, and the United States.

Classifications

industries
HealthTech
applications
Accounting and Taxes

AskAI Classifications

Labels
Intelligent Automation AI Document Processing Optical Character Recognition (OCR) Software

Linked Companies

ABBYY
$100M to $250M
Timeline
$1M to $5M