Philadelphia-based TimelinePI, a process intelligence platform designed to monitor and optimize business processes, has been acquired by ABBYY, a Content IQ technologies and solutions provider.

The acquisition of TimelinePI is a strategic investment by ABBYY into the emerging process intelligence market, which is critical to understanding the impact and effectiveness of business processes and opportunities for productivity gains from digital transformation investments.

The transaction is expected to close by end of second quarter 2019. After the transaction closes, ABBYY will continue to market and enhance the TimelinePI platform and offering to customers both separately and as part of new solution bundles as an extension of ABBYY’s current and future products.