Russia’s ABBYY buys US software producer TimelinePI

MOSCOW, Aug 5 (PRIME) -- Russian linguistic software maker ABBYY has acquired U.S. TimelinePI, founder of a platform for integral analysis of business processes, ABBYY said in a statement on Monday.

The amount and other conditions of the deal were not disclosed.

“We have received incredible interest in the capabilities we can offer with the combination of TimelinePI’s process analytics technology and our entire Digital IQ portfolio,” CEO of ABBYY Ulf Persson said, as cited in the statement.

“We will be aggressive in our delivery-to-market to enable organizations the ability to analyze and take action on business operations, processes and customer interactions with the goal of always driving business value.”

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