ABBYY Receives Fifth Consecutive KMWorld Magazine Trend-Setting Product Award

FlexiCapture 9.0 Data and Document Capture System Recognized on 2010 Product List.

MILPITAS, Calif. -- ABBYY®, a leading provider of document recognition, data capture and linguistic software, announced that ABBYY FlexiCapture 9.0, a leading data and document capture technology, has been named by KMWorld Magazine as a Trend-Setting Product of the Year for 2010. This marks the fifth consecutive year that an ABBYY solution has been presented with this award.

"Each year, KMWorld recognizes truly trend-setting products that provide innovative solutions and increase business performance," said Hugh McKellar, editor-in-chief of KMWorld Magazine. "Year after year, ABBYY creates practical solutions for the obstacles contemporary businesses face. Continued innovation and forward-thinking products make ABBYY worthy of repeated appearances on our annual Trend-Setting Product List."

The year's trend setters were selected from more than 600 entries, and demonstrate technology breakthroughs that serve the vendors' full spectrum of constituencies, especially their customers. KMWorld Magazine's judging panel consists of editors, analysts, system integrators, vendors, line-of-business managers and users.

ABBYY FlexiCapture 9.0 is data and document capture software intended for high-volume automated processing of any kind of document. It automatically transforms documents of any structure and complexity into usable and accessible data ready to be exported into business applications and databases. The documents are classified, recognized, verified and transferred into reliable, accurate, searchable and highly structured electronic data critical to business processes.

"KMWorld's continued recognition of ABBYY is testament to our commitment to innovation," said Dean Tang, CEO of ABBYY USA. "FlexiCapture 9.0 is an important and powerful product, and we are proud to maintain our position as a leader in document conversion and data capture."

For more information about ABBYY FlexiCapture 9.0, please visit: http://abbyy.com/data_capture_software/

About KMWorld

KMWorld (www.kmworld.com) is the leading information provider serving the Knowledge Management systems market and covers the latest in Content, Document and Knowledge Management, informing more than 50,000 subscribers about the components and processes - and subsequent success stories - that together offer solutions for improving business performance. KMWorld is a publishing unit of Information Today, Inc. (www.infotoday.com)

About ABBYY

ABBYY is a leading provider of document recognition, data capture and linguistic software. Its products include the ABBYY FineReader line of optical character recognition (OCR) applications, ABBYY FlexiCapture line of data capture solutions, ABBYY Lingvo dictionary software, and development tools. Paper-intensive organizations from all over the world use ABBYY software to automate time- and labour-consuming tasks and to streamline business processes. ABBYY products are used in large-scale government projects such as those of Australian Taxation Office, Lithuanian Tax Inspectorate, Ministry of Education of Russia, Ministry of Education of Ukraine, and Montgomery County Government of the USA. Companies that license ABBYY technologies include BancTec, Canon, EMC/Captiva, Hewlett-Packard, Microsoft, NewSoft, Notable Solutions, Samsung Electronics and more. ABBYY OCR applications are shipped with equipment from the world's top manufacturers such as BenQ, Epson, Fujitsu, Fuji Xerox, Microtek, Panasonic, Plustek, Toshiba, and Xerox. ABBYY is headquartered in Moscow, Russia, with offices in Germany, the United States, Ukraine, the UK, Japan and Taiwan. For more information, visit www.ABBYY.com.