TEL AVIV, Israel, COLOGNE, Germany and BERLIN, July 16, 2012 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq:TISA) and Saperion AG announce reaching a cooperation agreement to offer high-performance, comprehensive end-to-end Enterprise Content Management solutions. The companies will pool their competencies by bringing together Top Image Systems' eFLOW® intelligent content capture and delivery platform and Saperion's flexible and scalable archiving system.
Upon reaching an agreement on June 26, Saperion and Top Image Systems have chosen to intensify their long-standing cooperation and will be offering perfectly tailored end-to-end solutions for optimized, automated document-based business process management to companies and institutions across all sectors. Combining TIS' eFLOW and Saperion's archiving solution will guarantee superior performance and a seamless workflow, from capturing and processing information in any format to audit-proof archiving of data and documents.
A notable example of a successful implementation of a joint Top Image Systems' eFLOW and Saperion archiving solution is the invoice processing project at Leica Microsystems, a leading manufacturer of optical microscopes, devices for producing microscope samples and other related products. Since 2010, Leica has been processing some 150,000 incoming invoices per year across 11 sites with TIS' eFLOW and delivering the captured data to their existing SAP system and into the Saperion archive. Thanks to the solution's standardized workflows for invoice review and approval, Leica's 1,800 SAP users worldwide have access to any relevant invoice data immediately upon its receipt and can review revision data at the click of a button.
Herbert Lörch, CEO of Saperion AG, comments, "The success of past joint projects has proven that Top Image Systems' capture solutions are a perfect fit for our archiving systems. In response to positive customer feedback, we will harness our extensive project experience to create jointly offered high-performance solutions."
"By fusing knowledge and skills from two technology leaders," explains Dr. Ido Schechter, CEO, Top Image Systems, "we are creating a virtually unrivalled solution for end-to-end document and information management that maximizes efficiency and productivity, thus increasing our customers' competitive advantage. As the cooperation agreement between Saperion and Top Image Systems will include integrated components as well as joint support services, our customers will enjoy even faster and higher competency problem-solving capabilities. In alignment with TIS' growth strategy for strategic partnerships, we believe that offering this joint solution with its powerful business process management functionality meets an increasingly strong demand on the market that will contribute to the accelerated growth of our respective businesses."
About SAPERION:
European software producer SAPERION offers a powerful ECM software platform for medium-sized as well as global companies. SAPERION AG has a long history of working with global players while staying true to their core values of straightforward, flexible and responsive products. SAPERION's vision is to bring together companies, people and processes in order to achieve faster and better decision-making processes in today's dynamic markets. By early 2012, around 2,000 businesses worldwide across all sectors are improving product quality, increasing customer satisfaction, reducing costs and ultimately gaining a crucial competitive advantage, all thanks to SAPERION. SAPERION products address three core issues that many companies face: optimizing processes, ensuring compliance and integrating information. For more information see: www.saperion.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 www.globenewswire.com/newsroom/ctr%3Fd=227112%26l=10%26u=http%253A%252F%252Fwww.TopImageSystems.com" target="_top" rel="nofollow">http://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.