TEL AVIV and PLANO, Texas, Oct. 8, 2014 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading cloud and on premise ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider announces the relocation of TIS Americas' headquarters to the Texas-based corporate offices of eGistics, the US cloud-based document management company it acquired in July. The office relocation to Plano, Texas is a result of the rapid and successful completion of the first stage of the post-merger integration between the two companies. Along with the integration of operations, assets and personnel, TIS has begun to proactively consolidate both brands and product strategies to meet market demand for end-to-end intelligent process applications.
TIS' COO/CFO Lyron Bentovim will assume overall responsibility for the integrated TIS Americas. As a result of the integration process, former EVP and GM of TIS Americas Avi Mileguir has been named EVP Sales and Marketing for the expanded TIS Americas and Amer Khan, former eGistics Chief Technology Officer and Senior VP of Product Management, has been appointed CTO of TIS Americas. The former CSO of eGistics Gordon Sellers now serves as TIS' VP of Strategy and Product Management while Brian Winters, former CIO of eGistics, has been named VP of IT, Security & Operations for TIS.
The company also announces that Robert Lund, former eGistics Chairman and CEO, will retire as of November 1st. "It is exciting and gratifying to see the spirit and values of eGistics grow as a part of the newly integrated TIS Americas," commented Lund. "I am confident that our shareholders will reap great benefits as the expanded TIS meets the growing demand for technologically superior end-to-end process optimization solutions in the US and global enterprise markets."
"I would like to thank Bob for his valuable contribution to eGistics over the years and for his instrumental role in the successful and quick integration of the two companies," stated Michael Schrader, TIS CEO. "Together we aim to deliver on value promised to shareholders, to nurture and expand employee enthusiasm across the company and to bring a powerful joint technological value proposition to the market."
Continued Mr. Schrader, "Looking ahead, we envision a world where, thanks to TIS, businesses and consumers around the globe will always be able to enjoy the highest content-driven process efficiency using any device, anywhere, at any time. As a whole that is more than the sum of its parts, the expanded TIS is committed to achieving this goal by generating streamlined processing, favorable user experiences and profitability for our customers; we are well-positioned to do so with the help of our newly integrated leadership team, combined professional expertise, proven technology platforms, market-leading innovations and business-critical solutions."
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.