TEL AVIV, Israel, Jan. 12, 2009 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (Nasdaq:TISA) (TASE:TISA), a leading innovator of intelligent document recognition, today announced that Infonic Document Management Ltd has selected TIS as its technology partner to provide a full end-to-end solution.
Infonic provides document management solutions to clients in a wide range of sectors including logistics, professional services and finance. Infonic's document management technology enables the most complex workflows including delivery document management to be automated and centrally managed.
Tim Cowell, Technical Director of Infonic, said, "We conducted a full evaluation of the main companies and solutions available in the marketplace. We chose TIS because of their advanced and proven technology, together with the flexibility they offer. TIS's eFLOW is a scalable solution based on one platform that allows us to offer solutions from the entry level whilst retaining the opportunity to provide solutions at the enterprise level. With the eFLOW platform we can provide a range of applications from a simple scan and index solution, up to complex mailroom applications, as well as invoice processing with line items. In addition the ease of integration and customisation of eFLOW to our own products was a key benefit to us."
Oded Leiba, Managing Director, TIS UK commented, "We are very pleased to be partnering with Infonic; the synergy between the two companies is very strong. Infonic's document management software suite combined with the advanced technology of eFLOW enables clients with very distributed operations to centralise their document management into one efficient, secure and universally available environment whilst benefitting from web completion functionality, dramatically improving user access and document security. This will be a very strong partnership both for the UK market and globally."
About Infonic Document Management Limited
Infonic's three divisions make sentiment analysis, document management and geo-replication software, which help people to locate and understand business information faster. The key benefits of Infonic's solutions are to:
-- quickly increase ROI on existing enterprise software installations -- significantly improve personal and organisational productivity -- enhance the speed, accuracy and ease with which people work.
The company's software solutions support workers across global markets, including government, maritime, military, finance, legal, pharmaceutical and educational organisations.
Infonic's website can be found at www.infonic-document-management.com
About Top Image Systems
Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organisations. Whether originating from electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organisation. 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 and value added resellers, as well as strategic partners. For more information on TIS, visit the company's website at: www.TopImageSystems.com.
The Top Image Systems logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4212
"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.