Top Image Systems and K2 Announce Strategic Partnership to Form Advanced Capture & BPM Offering

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| Source: Top Image Systems Ltd.
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TEL AVIV, Israel, NEW YORK, and BELLEVUE, Wash., June 2, 2014 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), the world's most advanced capture and mobile imaging platform (MIP) provider and K2, a leader in business process application software, today announced a strategic partnership.

With ten new clients already using the solution powered by K2, this partnership has become very valuable to both companies. The TIS smart process application built on K2 harnesses vast amounts of data entering mailrooms and other traditionally human and document-centric departments and transforms them into powerhouses that rapidly enable mission-critical business decisions.

"K2 is pleased to see enterprise class solutions combining leaders in capture and workflow/forms platforms," said Dave Marcus, SVP, Alliances & Partners. "These applications provide organizations the ability to manage end-to-end processes across systems and applications efficiently and effectively."

K2 offers a complete software platform for creating forms, automating enterprise business processes, building SharePoint workflows and integrating Microsoft-based business solutions into SAP and other line-of-business systems. Combined with TIS' powerful eFLOW5 platform, joint customers are able to automatically process millions of documents per year with virtually no human intervention. The solutions deliver information to the right people at the right time, with everything needed to make smart decisions.

"Intelligent Capture meets BPM' is one of the biggest trends in our industry. We are thrilled to have integrated K2 technology into eFLOW5 to deliver automated Digital Mailroom solutions for organizations across the globe," said Michael Schrader, Top Image Systems COO. "After seeing success with our joint solutions in Asia-Pacific and EMEA, we are looking forward to expanding that success to North America."

The K2 and TIS technical teams have worked closely together to help integrate K2 technologies into the eFLOW5 platform. TIS recently showcased its smart process applications, such as Accounts Payable and Digital Mailroom automation solutions, along with its mobile imaging applications, to over 450 K2 customers, partners and industry experts at the K2 User Conference. The strategic plans now involve further co-marketing in North America and worldwide.

About K2

K2 software allows people to build and run business process applications, including forms, workflow, data and reports. Across enterprises and within departments, K2 customers are rapidly transforming their companies with applications that allocate work to the right people, with all the information they need to make great decisions.

With K2's visual tools, creating, launching and using the first K2 application is a snap. Reusable components ensure the next application delivers faster than the one before, and when the business needs change, it's easy to update your K2 apps to fit. More than a million users in 80-plus countries rely on K2 to streamline operations, save money and reduce risk. For more information, please visit k2.com.

About Top Image Systems

Top Image Systems™ (TIS™) Ltd. 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 content across enterprise applications. TIS' eFLOW® Platform is a common platform for the company's solutions which is marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at http://www.TopImageSystems.com for more information.

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.

K2 Press Contact:

Jaime Palmucci
Communications Manager, K2


TIS Press Contact:

Shelli Zargary
Director of Corporate Marketing and Investor Relations

+972 3 767 9114

TIS Investors:

James Carbonara
Regional Vice President, Hayden IR

+ 1 646 755 7412