SoftCo combines SoftCo Cloud with ABBYY FlexiCapture Data Capture to Enable Providers to Extend their Services

Dublin, Ireland and Theale, UK (28 June 2012) - SoftCo, a global developer of business process automation (BPA) and document management solutions, and ABBYY UK Ltd. today announced that Softco will offer enterprise data capture and cloud-based document management specifically for Business Process Outsourcers (BPOs). The offering will combine SoftCo Cloud, which is based on SoftCo R8 technology, with ABBYY FlexiCapture, an intelligent data capture solution from ABBYY®, a leading provider of document recognition, data capture, and linguistic technologies and services. This combination of technologies will enable BPOs to expand their solution offerings and to provide enterprise grade data capture and document management to their customers via the Cloud.

"We are seeing BPOs coming under increasing pressure to generate new revenue streams and retain existing customers," says Ted Laverty, Marketing Director, SoftCo. "For many, the provision of new solutions that deliver significant value to customers is vital for maintaining their bottom line. The combination of solutions from ABBYY and SoftCo provides a strong vehicle for BPOs to achieve this, providing them with their own white label enterprise grade document management platform in the Cloud."

ABBYY FlexiCapture serves as a document classification and data extraction front-end that pulls key information from almost any type of business document, including invoices, purchase orders, forms and applications, and feeds the data onto SoftCo Cloud. SoftCo Cloud for BPOs provides service providers with a white-label document management solution via the Cloud that is already used by over 900 enterprise customers globally for both simple and complex business process challenges. SoftCo Cloud for BPOs is not only designed to meet the most stringent regulatory and compliance standards, but is supported by SoftCo's 24/7 business support team.

"We are pleased to support SoftCo in their efforts to bring greater value to BPOs and help them extend their services offerings," states Ed MacArthur, Head of Sales, ABBYY UK Ltd. "ABBYY FlexiCapture is a perfect fit for BPOs due to its unrivalled document classification technologies and powerful scalability that enable service providers to offer powerful end-to-end business solutions that increase their clients' efficiency and improve their bottom lines."

Please go to www.softco.com/bpo or www.abbyyeu.com/softco-bpo for more information

About SoftCo
SoftCo is a global developer of business process automation (BPA) and document management solutions. Founded in 1990 and with over 1000 clients worldwide, SoftCo deliver solutions that cut costs and improve efficiencies to companies such as Argos, John Lewis, Newell Rubbermaid, Sunny Delight, Logitech, Lloyds Banking Group and Experian among others.

SoftCo's Cloud solutions are used by Corporates, Governments and SME's globally. They include business areas such as E-Procurement, Accounts Payable Automation, E-Invoicing, POD scanning, Case Management, Custom Workflow and Compliant Document Management Systems. SoftCo Cloud is delivered on highly secure infrastructure that complies with industry-recognised certifications and audits that include: PCI DSS Level 1, ISO 27001, FISMA Moderate, HIPAA, and SAS 70 Type II. SoftCo Cloud solutions can be hosted in data centre locations in the U.S., Europe, South America, Singapore, and Japan.

SoftCo are an AWS Partner and a Microsoft Gold ISV partner. SoftCo's solutions have been successfully integrated with over 40 ERP's globally and are certified for Oracle and SAP among other 3rd Party applications.

About ABBYY UK Ltd.
ABBYY UK is a member of the ABBYY Group and supports sales and marketing activities in Western Europe. ABBYY is a leading provider of document recognition, data capture, and linguistic technologies and services. Its 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. ABBYY offers Professional Services to help customers implementing business solutions based on ABBYY's products. Paper-intensive organizations from all over the world use ABBYY solutions to automate time- and labour-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, and Montgomery County Government of the USA. 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, 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 www.ABBYY.com.

ABBYY, the ABBYY Logo, FineReader, ADRT, Lingvo, FlexiCapture, Recognition Server, and PDF Transformer are either registered trademarks or trademarks of ABBYY Software Ltd. Other product names mentioned herein may be trademarks and/or registered trademarks of their respective owners and are hereby recognized.

For more information, please contact:
ABBYY
Colin Miller
Elsenheimerstrasse 49
D - 80687 Munich
Tel.: 089/511 159-0
Fax: 089/511 159-59
E-Mail: press_eu@abbyy.com
Web: www.ABBYY.com

Press contact:
AxiCom UK
Amy Elston
+44 (0) 208 392 4081
amy.elston@axicom.com