US digital intelligence company, ABBYY, has acquired solutions provider Pericom Singapore as part of its expansion in the Asia Pacific region.
With businesses in Singapore gearing up to accelerate workplace digital transformation with innovations in cloud computing, artificial intelligence, data analytics, ABBYY’s presence in the country signals its readiness to meet the demands of local businesses.
“Through this acquisition, we are bolstering our corporate sales, extending our customer base and creating a platform for strong expansion with our Digital Intelligence offering in the important Asia Pacific market,” said Ulf Persson, the CEO of ABBYY.
Pericom Singapore is a long-time partner of ABBYY and subsidiary of Pericom Group, a provider of enterprise workflow solutions.
“Pericom is widely regarded as a reputable, experienced player for enhancing cost control, productivity, and information sharing across distributed locations throughout Southeast Asia,” commented Elena Pospelova, SVP of Emerging Markets at ABBYY.
With Pericom having more than 1,000 customers in the region, ABBYY’s flagship Intelligent Document Processing and Process Discovering & Mining services found on the cloud and on-premises will benefit a significant number of businesses.
“We intend to explore new opportunities and develop existing relations with regional players in Singapore and the APAC region, such as Daimler Financial Services Africa and Asia Pacific, Panasonic Asia Pacific, Mizuho Bank, Adnavem Asia and others,” added Ms. Pospelova.
ABBYY and Pericom had previously collaborated on a number of projects in different sectors, including the automotive industry, financial services, healthcare, and government agencies.
Commenting on the acquisition, Derek Lee, the CEO of Pericom Group, said: “ABBYY has been instrumental to our success in helping organisations solve their content and workflow struggles, and advancing their digital transformation strategies.”
The acquisition of Pericom Singapore strengthens the presence of ABBYY in Asia Pacific following the opening of its Hong Kong office in 2019 and long-established office in Japan. Terms of the acquisition were not disclosed.
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