LOS ANGELES, May 19, 2021 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed a growth equity investment in ABBYY PLC (“ABBYY” or the “Company”), a leading provider of intelligent document processing (“IDP”) solutions. With more than 30 years of experience, over 200 supported languages and multiple document intelligence offerings, ABBYY is a market-leading, highly configurable document automation solution trusted by over 5,000 enterprises globally. The Company has a rich history of innovation, including its recently launched Vantage and Timeline products, which offer customers IDP and process insights and monitoring. These solutions help enterprises deploy effective transformation strategies by identifying process automation opportunities through process mining and visualization which enable rapid and accurate information to be captured at scale, as well as contextual document understanding via natural language processing.
“We have built upon our long history of leadership to develop ABBYY Vantage, a next generation, low-code IDP platform that includes turn-key document analysis ‘skills’ and AI-powered document recognition and processing to power a deeper understanding of business information that helps users extract meaning and insights in a human-like manner without manual intervention,” said Ulf Persson, CEO of ABBYY. “In Marlin, we have found a like-minded partner with a deep understanding of our sector. We look forward to leveraging their expertise to further extend our market leadership and partnering with them through the next phase of growth for our Digital Intelligence solutions.”
“Enterprise automation is undergoing a transformative period, with businesses increasingly leveraging automation tools to drive cost optimization, efficiency gains and competitive differentiation,” said Alex Beregovsky, a managing director at Marlin. “Automation of any business process requires a thorough understanding of business operations and accurate digitization of the documents that support a given task. ABBYY’s process insights and IDP capabilities allow customers to automatically discover business processes, ingest and learn from structured, semi-structured and unstructured data. This uniquely positions ABBYY within the automation value chain as an enabler of enterprise digitalization initiatives and a trusted partner to clients looking to maximize return on their automation investments. We are incredibly excited to be working with Ulf and the rest of the ABBYY management team at such an exciting time in the Company’s evolution.”
ABBYY is a leading provider of document capture, analytics and intelligence technology solutions. Trusted globally by 5,000+ enterprises across multiple end markets, such as financial services, insurance, healthcare, logistics and public sector entities in government and education – the ABBYY end-to-end digital intelligence platform empowers organizations to gain complete access and understanding of business processes and the content that fuels them. For more information, please visit www.abbyy.com.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $7.5 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 180 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
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