MILIPITAS, Calif.–(BUSINESS WIRE)–Sep 12, 2018–ABBYY, a global provider of content intelligent solutions and services, today announced Torsten Malchow has joined the company as Vice President, Head of Global Enterprise Sales. He will be driving the development and execution of sales strategies that expand ABBYY’s presence in targeted industries and regions.
“Torsten is well respected among enterprise solution organizations, and will be a great asset for our global sales team as they focus on aggressive market penetration for our leading content intelligent solutions and services,” stated Ulf Persson, CEO of ABBYY. “His leadership will be significant contributor to ABBYY’s continued double-digit revenue growth goals.”
Torsten has more than 20 years of experience working in enterprise software solutions, and has led teams in direct sales, partner sales and business development, and drove significant revenue among verticals in the U.S., DACH region and emerging markets. Prior to joining ABBYY, he was Vice President, Business Process Outsourcing (BPO) at Kofax. He previously co-founded and was Chief Sales Officer at Foxray, a company specializing in enterprise solutions and BPA, prior to it being acquired in three separate acquisitions with Readsoft, Lexmark and Kofax.
“ABBYY has compelling value propositions – market leading intelligent capture, partnerships with all major RPA providers, and advanced machine learning, natural language processing technologies that deliver the content intelligence organization strive to achieve,” commented Malchow. “I look forward to working alongside the ABBYY sales team to drive significant growth in all regions.”
Malchow holds a Master’s Degree in Business Administration, IT and International Marketing from the University of Hamburg. Originally from Germany, Malchow resides in the U.S.
ABBYY is a global leader in content intelligence solutions and services. ABBYY offers a complete range of AI-based technologies and solutions transforming business documents and content into business value. By providing digital transformation solutions to financial services, insurance, transportation, healthcare and other industries, the company helps organizations achieve the next wave of growth by understanding customers and delivering responsive real-time intelligent systems. The flexibility of ABBYY AI solutions enables customers to utilize a diverse range of advanced technologies, platforms and solutions for classification, text analytics, data and entity extraction, and data validation via any communication channel and in any format. ABBYY technologies are used and licensed by some of the largest international enterprises and government organizations, as well as SMBs and individuals. The company maintains offices in Australia, Canada, Cyprus, France, Germany, Japan, Russia, Spain, Taiwan, UAE, the UK, Ukraine, and the United States. For more information, please visit www.abbyy.com/company.