Abbyy and Softline invest in document software technologies

Abbyy, a Moscow-headquartered global provider of content intelligence solutions and services, has acquired ATAPY Software, as reported by online publication Rusbase. The terms of the deal have not been disclosed.

Based in Novosibirsk, Siberia, ATAPY Software provides a variety of custom software development services in the fields of document workflow, document imaging, data capture, optical character recognition (OCR), and computer linguistics.

The two companies have been partners since ATAPY Software’s early days in 2001, with the Siberian company receiving the status of Abbyy software Bronze Integrator. Under plans, its full integration to Abbyy is to be completed in early 2019.

In a separate move last week, Softline Ventures and Moscow Seed Fund announced a 12 million ruble investment (a little less than $200,000 at the current exchange rate) in Soica, a publisher of document digitization solutions.

Topics: Corporate venturing, Enterprise software, Finance, IT outsourcing & Software development, IT services, M&A, News, Novosibirsk, Regions & cities, Software, Venture / Private equity
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