Fujitsu’s subsidiary PFU Limited recently acquired up to a 5% stake in Abbyy, a world-renowned Russian provider of document conversion, data capture, and linguistic software and services.
The information, which has since been confirmed by Abbyy, was first revealed last week by Russian business daily RBC Daily. The amount of the deal remains undisclosed, but experts referred to by RBC Daily estimate it to be around $100 million.
Abbyy and PFU have maintained a longterm partnership. “We supply our software for their multi-functional industrial scanners and we service a joint cloud project. That’s why a purchase of this minority stake by PFU simply demonstrates their interest in Abby’s success. There is no intention to further increase their share,” RBC Daily quoted Abbyy General Manager Sergey Andreyev as saying.
Abby was ranked 3rd earlier this year by U.S. business magazine Fast Company among the “Ten Most Innovative Companies in Russia.”
