TEL AVIV, Israel, July 31, 2008 (PRIME NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (Nasdaq:TISA) (TASE:TISA), the leading innovator of intelligent document recognition, today announced that it has entered a strategic partnership with ITyX Solutions AG to provide the European market with a fully integrated, customizable data capture, classification, email response and full mailroom workflow solution for superior information management.
ITyX's Contex and Mediatrix products feature the latest technology in email classification, response management, and voice capture, while TIS's eFLOW platform is the recognized leader for flexible and scalable data capture solutions. The combination of these market-leading technologies into one unified solution will help organizations more efficiently merge and classify critical incoming data across the entire spectrum of sources, including email, fax, web, images and voice. Further, the joint solution takes this vital data and seamlessly integrates it with existing back-office systems such as SAP, Oracle, and Siebel.
Utilizing this combined offering, organizations can now enjoy faster response time, higher quality of service, and more focused and personalized customer relationship management.
Chief Executive Officer of TIS, Dr. Ido Schechter, commented, "This mission-critical application integrates all channels of communication with customers, allowing for superior service and greater customer retention. Our sales force is extremely eager to attack the fast-growing European market armed with the industry-leading technology from ITyX on the advanced eFLOW platform."
Suleyman Arayan, Chief Executive Officer of ITyX Solutions, added, "The combination of these technologies is a natural step in the evolution of the marketplace. In the past, we have worked with TIS to provide a leading German service center with joint solutions, and this agreement serves to formalize our collaboration. Our cooperation illustrates a shared desire to offer large customers the best possible solution for data capture, classification and response management across a plethora of sources."
About ItyX
With its broad range of Enterprise-Response-Solutions ITyX is Europe's most complete All-in-One provider for digital online transactions. Established in 1996 by graduates of the Faculty of Computational Linguistics of the University of Koblenz (Germany) ITyX searches in methods of Artificial Intelligence (AI) used for the MEDIATRIX software modules. As a result large service organizations in Germany, UK, Austria, Switzerland, and Slovakia rely on Solutions by ITyX to automate the digital customer contact management via email, web, mail, and fax.
About Top Image Systems
Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS's eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 40 countries through a multi-tier network of distributors, system integrators, value added resellers as well as strategic partners. Visit the company's website www.TopImageSystems.com for more information.
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"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, particularly statements regarding future operating or financial performance. Words such as "will," "expects," "anticipates," "estimates," "intends," "believes," "plans" and words and terms of similar substance in connection with any discussion of future operating or financial performance identify forward-looking statements. These statements are based on management's current expectations or beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially including, but not limited to, risks in product development plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, quarterly fluctuations in sales of products in the Data Capture market (where in general the fourth quarter is the strongest and the first quarter is the weakest), TIS's ability to successfully integrate businesses it acquires, litigation (including litigation over intellectual property rights), general economic conditions and other risk factors detailed in the Company's most recent annual report on Form 20-F and other subsequent filings with the United States Securities and Exchange Commission. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.