ABBYY Expands Presence in India With New Research and Development and Center of Excellence

ABBYY is meeting growing global demand for its purpose-built AI solutions with the opening of new offices in India. A research and development (R&D) center located in Bengaluru and Center of Excellence in New Delhi are pivotal to enhancing ABBYY's capabilities to deliver localized solutions and drive success for partners and customers worldwide.

Leading the opening of the offices is Yathiraj Shetty Kasargod, the newly appointed director of Product Operations for ABBYY India.

“We are excited to expand our global footprint by opening a new R&D center and Center of Excellence in India,” commented Ulf Persson, Chief Executive Officer at ABBYY. “India's vibrant tech ecosystem and unrivaled talent offer tremendous opportunities for organizations to leverage our AI-powered intelligent automation offerings. I welcome Yathiraj to the ABBYY team as we mark this strategic milestone in our commitment to better serve our customers and partners.”

Demand for ABBYY AI in India resulted in attracting three times the attendees at the ABBYY AI Pulse Developer Conference held in Bengaluru July 24-25. In fact, Forrester¹ reported that technology spending in India is estimated to increase to $54.5 billion by 2027, with spending in AI-augmented software and services outpacing other IT categories. The increase is attributed to global demand for AI and automation for driving growth and operational efficiency.

Commented Kasargod, “It is a pleasure to join ABBYY and spearhead the expansion in India to enhance and diversify our capabilities. I look forward to working with the global ABBYY team to meet customers where they do business.”

ABBYY will hire new talent for its R&D center and Center of Excellence in India, complementing its existing R&D footprint across EMEA and North America, which includes development centers in Hungary, Serbia, Cyprus, and the United States. ABBYY’s other APAC locations include Singapore, Hong Kong, Japan, and Australia.

ABBYY is a recognized leader by more than a dozen analysts for its intelligent document processing (IDP) and process intelligence solutions. ABBYY's purpose-oriented approach to AI has proven to generate real business value for thousands of global enterprises in every industry, for any ad hoc process and for any document in any language.

About ABBYY

ABBYY puts your information to work with purpose-built AI. We combine innovation and experience to transform data from business-critical documents into intelligent actionable outcomes in over 200 languages in real time. We are trusted by more than 10,000 companies globally, including many of the Fortune 500, to drive significant impact where it matters most: accelerate the customer experience, operational excellence, and competitive advantage. ABBYY is a global company with headquarters in Milpitas, CA and offices in 13 countries, and is the Official Intelligent Automation Partner of Arsenal Women Football Club. For more information, visit www.abbyy.com/company and follow us on LinkedIn, Twitter, Facebook, and Instagram.

ABBYY can either be a registered trademark or a trademark and can also be a logo, a company name (or part of it), or part of a product name of ABBYY group companies and may not be used without consent of its respective owners.

¹ Forrester: APAC Tech Spend to Grow 7% Annually, Reaching US $876 Billion In 2027, June 11, 2024.

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