TEL AVIV, Israel, May 18, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™ (TIS™), Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content Management) solutions provider, announced today that it has added seven new channel partners from the EMEA region to its Global Partner Program. The program is expected to generate up to $3 million in revenue for the Company over the next twelve months.
TIS's Global Partner Program offers market partners the ability to enhance profitability, cultivate deeper client relationships and expand existing pipeline opportunities through access to TIS resources, including its acclaimed eFLOW™ products and solutions.
"The early success of our Global Partner Program demonstrates the economic and strategic value we bring to our partners. Our eFLOW solutions combined with our attentive and personalized technical and account services give our partners the ability to create new opportunities and leverage existing relationships," commented Omri Gelb, Executive Vice President of TIS. "Creating this program was a natural progression for TIS. By partnering with distributors, system integrators and strategic collaborators we will continue to expand our market reach as together we create a stronger, more competitive solution that is backed by our leading ECM platform and service portfolio."
TIS's eFLOW automates document-driven business processes, all on a single enterprise platform. eFLOW allows customers to integrate multiple forms of data by simultaneous processing, classifying and storing into databases. eFLOW's integrated and modular architecture is flexible and responsive to the enterprise's changing needs.
TIS's Global Partner Program concentrates on large-scale opportunities in strategic market areas such as financial services, insurance and government departments.
For more information regarding the Top Image Systems Global Partner Program, please visit www.topimagesystems.com
About Top Image Systems (TIS)
Top Image Systems (TIS) 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 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 strategic partners. Visit the company's website www.topimagesystems.com/" target="_top" rel="nofollow">www.topimagesystems.com for more information.
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Caution Concerning Forward-Looking Statements
Certain matters discussed in this news release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results expressed or implied in those forward looking statements. Words such as "will," "expects,", "anticipates," "estimates," 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, approval and introduction plans and schedules, rapid technological change, customer acceptance of new products, the impact of competitive products and pricing, the lengthy sales cycle, proprietary rights of TIS and its competitors, risk of operations in Israel, government regulation, litigation, 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.