ABBYY Appoints Renowned Tech Executive Robert Youngjohns as Chairman of the Board to Drive Growth Strategy

Industry veteran elected to help accelerate ABBYY’s Digital Intelligence strategy

MILPITAS, Calif.–(BUSINESS WIRE)–#AI–ABBYY, a Digital Intelligence company, has appointed industry veteran Robert Youngjohns as Chairman of the Board. In this position Robert will work with the CEO and executive management team to shape ABBYY’s global enterprise growth strategy and execution.

Based in Silicon Valley, Robert was previously the Executive Vice President and General Manager of HP Software at Hewlett Packard Enterprise. At HPE he was instrumental in the $9 billion merger of HPE’s Software Business Segment with Micro Focus and he served as a member of HPE’s Executive Council. Prior to HPE, Robert was President of Microsoft North America. Additionally, he has held senior leadership roles at Callidus Cloud, Sun Microsystems and IBM. Currently, Robert sits on the board of a select number of growth companies in the technology sector. Robert holds a Master’s degree with honors in physics and philosophy from Oxford University.

“We are delighted to welcome Robert to the ABBYY board and have him work alongside us to continue our strong growth and expand our position as a leading Digital Intelligence vendor,” commented Ulf Persson, CEO of ABBYY. “Robert’s vision and extensive experience as a transformational force in the enterprise software industry will serve us well as we deepen our investments in new products and markets to accelerate our success as a critical player in the digital transformation revolution.”

ABBYY has earned double-digit revenue growth for three consecutive years and is recognized by The Everest Group as a leader in Intelligent Document Processing. A third of Fortune 500 companies in finance, insurance, transportation, healthcare and other industries depend on ABBYY solutions. The company’s Digital Intelligence platform uniquely addresses global enterprises’ most pressing challenges and empowers businesses to make significant impact with their digital transformation initiatives where it matters most: customer experience, competitive advantage, visibility, and compliance.

“ABBYY offers a unique value proposition with its Digital Intelligence platform that complements enterprises’ existing automation platforms to enable digital transformation initiatives to be deployed easier, faster and smarter,” said Robert Youngjohns. “I look forward to working with Ulf and the management team and I am confident that together we will be able to raise the bar further.”

Robert replaces David Yang, founder of ABBYY, venture investor and serial entrepreneur, who elected to step down from the Chairman role to allow him to spend more time on new ventures. David will continue to serve as a member of the ABBYY Board of Directors.

About ABBYY

ABBYY is a Digital Intelligence company. We provide a Digital Intelligence platform that delivers a complete understanding of business processes and raises organizations’ Digital IQ. Our technologies are used by Fortune 500 companies in finance, insurance, transportation, healthcare and other industries helping them make intelligent business decisions. ABBYY is a global company with offices in 13 countries. For more information, please visit www.abbyy.com/company

ABBYY and the ABBYY Logo 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.

Contacts

Gina Ray

Global Director, Public Relations

ABBYY

949-370-0941

gina.ray@abbyy.com

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