Archive is turning its gaze abroad, following the distinction it received from the internationally recognized technology research firm Gartner.
Specifically, Archive’s proprietary intelligent document processing platform AI Flows is included in the Honorable Mentions section of the report “Gartner Magic Quadrant 2026 for Intelligent Document Processing”.
Gartner describes it as a platform for complex document workflows, which combines Artificial Intelligence technologies for classification and data extraction and is available as a software service (SaaS), in a private cloud or on the customer’s infrastructure.
The platform and the investment of more than 5 million euros
AI Flows automates the intake and classification of documents, as well as the extraction and validation of their data, processing both standardized forms and unstructured content. It combines text recognition, computer vision and Artificial Intelligence technologies, while the data can be integrated into enterprise resource management, customer and document systems.
At the same time, it supports the redaction of sensitive information, human review and speech-to-text conversion.
Archive was founded in 2006, while since 2018 it has been systematically investing in technology research and development, with an emphasis on solutions for large organizations and real production environments. Today, AI Flows incorporates more than 100 models, supporting complex business processes across different sectors.
AI Flows and the intelligent document processing services are developed in Greece by Archive’s technology team, which numbers more than 50 executives. The platform already processes more than 10,000 cases daily, automating document management and control procedures. It draws data from digital documents and combines them with corporate policies and internal control rules, so that the results meet the specific requirements of each customer.
The investment in the development of AI Flows exceeds 5 million euros, leveraging Archive’s expertise in the management of physical and digital documents. Today, the company manages more than 900 kilometers of physical archive and produces through digitization more than 100 million PDFs annually.
The opening to foreign markets
International expansion is the next step, as underlined by Archive’s co-founder and chief executive officer, Andreas Papadakis. “The compass Gartner is now showing us is ‘go abroad’,” he noted.
Archive’s plans include expansion into the DACH zone (Germany, Austria and Switzerland), with the company considering opening a structure most likely in Germany. The targeting concerns the loan and insurance sectors, as well as the development of partnerships, with the company placing the expansion plan within 2027.
At the same time, as Mr. Papadakis explained, the company will also move with direct sales from Greece, even outside the DACH zone, addressing insurance companies, banking and servicing, where it already has complete solutions.
The financial figures and public sector projects
At the level of financial figures, management estimates that Archive’s turnover will amount to 32–33 million euros in 2026, compared to approximately 29 million euros in 2025. For 2026, EBITDA is expected to exceed 10 million euros.
According to the chief executive officer, the company has major clients in the private sector, while it has participated in public sector digitization projects through the Recovery Fund. Among these are projects in the fields of Justice and Health, as well as in the Cadastre, AADE, EFKA, TEE and EOPYY.
The public sector remains within Archive’s field of interest even after the end of the Recovery Fund. As Mr. Papadakis explained, during the program the public sector represented approximately one third of revenues, with the percentage moving slightly higher at the peak of the projects.
The company seeks to participate in digitization projects, such as for the maintenance of existing digital archives. At the same time, it sees room for leveraging the data that have already been digitized, through the creation of large “data lakes (Data Lakes)”, while it also believes in the application of intelligent document processing solutions in the public sector.