ABBYY, a Bay Area company specializing in process intelligence, has acquired the Singapore division of Pericom Group. Pericom specializes in digital imaging and, according to a statement announcing the deal, will bolster ABBYY’s efforts to bring digital transformation technologies to companies in the Asia Pacific region. The acquisition adds heft to ABBYY’s presence in the region that started in 2019 when it opened an office in Hong Kong.
“Pericom is widely regarded as a reputable, experienced player for enhancing cost control, productivity, and information sharing across distributed locations throughout Southeast Asia,” commented Helen Pospelova, senior vice president of Emerging Markets at ABBYY. “With the Pericom acquisition, 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. We are delighted to have the Pericom team join ABBYY and strengthen our presence in this market.”
Financial details of the acquisition were not disclosed by the companies.