A general method for text localization and recognition in real-world images is presented. The proposed method is novel, as it (i) departs from a strict feed-forward pipeline and replaces it by a hypothesesverification framework simultaneously processing multiple text line hypotheses, (ii) uses synthetic fonts to train the algorithm eliminating the need for time-consuming acquisition and labeling of real-world training data and (iii) exploits Maximally Stable Extremal Regions (MSERs) which provides robustness to geometric and illumination conditions. The performance of the method is evaluated on two standard datasets. On the Char74k dataset, a recognition rate of 72% is achieved, 18% higher than the state-of-the-art. The paper is first to report both text detection and recognition results on the standard and rather challenging ICDAR 2003 dataset. The text localization works for number of alphabets and the method is easily adapted to recognition of other scripts, e.g. cyrillics.