ABBYY USA Names Peter Meechan Chief Operating Officer

Accomplished Global Executive to Oversee Operations in North America, Japan, Taiwan and Bridge to Russia

MILPITAS, Calif., Oct. 2, 2013 /CNW/ - ABBYY®, a leading global provider of document recognition, data capture, and linguistic technologies and services, today named Peter Meechan as chief operating officer for ABBYY USA. The appointment signals a focus on scaling ABBYY's worldwide growth while strategically advancing its market position in knowledge extraction, through state-of-the-art enterprise search of big data, in a multi-device environment.

"Peter brings an extensive background in global corporate management for organizations ranging from multi-billion corporations to start-ups into his new role as COO," said Sergey Andreyev, CEO of ABBYY Headquarters in Moscow. "We believe he will be a great addition to our executive team because of his experience scaling organizations in the enterprise software, mobile, IP and consumer electronics industries during periods of rapid growth."

Passionately focused on exceptional user experiences and innovation, Peter has notable contributions to the deployment of Flash® on more than one billion devices, pioneering software applications including Academy Award® winning computer graphics products, and to the Digital Home. At multi-billion dollar corporations (Macromedia/Adobe, Intellectual Ventures, Sony) Peter's roles included senior vice president, vice president, and general manager. In the start-up environment, roles included CEO, president, senior vice president, and director (Catalyst Mobile, Gracenote/Sony, Wavefront Technologies/Silicon Graphics). Prior to ABBYY, Peter was a venture advisor for Sofinnova Ventures, a $1.4 billion venture capital firm founded in 1974. Peter has served on various boards for organizations in the U.S., Japan, and China and currently sits on the board of Children's Hospital & Research Center Foundation. He attended Waseda University in Tokyo and is a graduate of the University of Oregon.

"I am honored to join the ABBYY executive team," said Meechan."I look forward to working with the ABBYY organization of over 1,200 people, including the more than 300 industry leading engineers in the field of natural language understanding, to advance our market position, ensure operational excellence and make our customers and partners successful."

About ABBYY

ABBYY is a leading provider of document recognition, data capture and linguistic technologies and services. Its key 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. ABBYY Language Services provides comprehensive linguistic solutions to corporate customers. Paper-intensive organizations from all over the world use ABBYY solutions to automate time- and labor-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, Montgomery County Government of the USA, and Government of Canada. Companies that license ABBYY technologies include BancTec, Canon, EMC/Captiva, Hewlett-Packard, KnowledgeLake, Microsoft, NewSoft, Notable Solutions, Samsung Electronics and more. ABBYY OCR applications are shipped with equipment from the world's top manufacturers such as Epson, Fujitsu, Fuji Xerox, Microtek, Panasonic, Plustek, Ricoh, Toshiba, and Xerox. ABBYY is headquartered in Moscow, Russia, with offices in Germany, the UK, the United States, Canada, Ukraine, Cyprus, Australia, Japan and Taiwan. For more information, visit www.abbyy.com.

ABBYY, the ABBYY Logo, FineReader, ADRT, Lingvo, FlexiCapture, Recognition Server, and PDF Transformer are either registered trademarks or trademarks of ABBYY Software Ltd. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective owners and are hereby recognized.

SOURCE: ABBYY USA

For further information:

Marshall Hampson, McGrath/Power Public Relations, (408) 727-0351, marshallhampson@mcgrathpower.com

http://www.abbyy.com

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ABBYY USA

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