ABBYY USA Expands VAR Channel Through New Strategic Distribution Relationship with NewWave Technologies, Inc.

MILPITAS, Calif., Aug. 7, 2012 /PRNewswire/ -- ABBYY®, a leading provider of document recognition, document capture, and linguistic technologies and professional services, today announced that it has entered into a new strategic distribution relationship with NewWave Technologies, Inc., an award winning distributor of document imaging technologies. Under the agreement, NewWave will distribute select ABBYY products and technologies through its established network of value-added resellers (VARs) in the United States. Included within the distribution agreement are ABBYY FineReader, ABBYY Recognition Server, and ABBYY PDF Transformer.

"Our goal at NewWave is to provide our customers with leading technologies that automate critical business processes," said Bill Cordell, president of NewWave. "ABBYY's capture product suite, led by Recognition Server, delivers just the kind of return on investment to the enterprise that our customers are looking to integrate into their solutions portfolio."

With ABBYY solutions, NewWave continues to meet the expanding needs of their 3,000 channel partners. ABBYY's solutions provide end users with efficient and cost effective technologies that enable paper documents, images and other forms of information to be easily converted into searchable digital formats. With document imaging solutions, resellers can complement existing hardware products with sophisticated software solutions that will enable them to deliver more complete solutions to customers, while improving their margins.

"Our new relationship with NewWave reaffirms our commitment to VARs," said Bill Kouzi, vice president of sales, distribution and VAR group at ABBYY USA. "ABBYY FineReader, Recognition Server and PDF Transformer give VARs a software set that complements many of the hardware products they sell today, opening up new opportunities to extend their relationships with current customers, and broadening the pool for new customers. NewWave's extensive network of value-added resellers meets our goals of expanding our channel and increasing the distribution of our solutions."

About NewWave Technologies, Inc.
NewWave Technologies, Inc. is a nationwide and awarding winning value added technology distributor dedicated to the delivery and support needs of the enterprise content management (ECM) marketplace. For over 20 years, NewWave and its solution provider channel of Value-Added Resellers, Independent Software Vendors, and Outsource Service Providers have delivered integrated solutions to the enterprise that capture, store, manage and distribute business-critical information. NewWave has built its product, services and support program offering around the specific needs of the ECM channel and the markets they serve.  Strategic Alliances with document management market leaders such as Fujitsu, Canon, Kodak and Panasonic, help ensure that NewWave partners can continue to meet the ever changing needs of their customers.  To learn more, visit www.newwavetech.com

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, supporting a variety of platforms and computing environments. 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 http://www.abbyy.com.

ABBYY, the ABBYY Logo, FineReader, ADRT, Lingvo and FlexiCapture are either registered trademarks or trademarks of ABBYY Software Ltd. All other trademarks are the sole property of their respective owners.

SOURCE ABBYY