TEL AVIV, Israel and NEW YORK, Sept. 18, 2013 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq:TISA) a leading ECM (Enterprise Content Management) and BPM (Business Process Management) and mobile content processing solutions provider, announced today the launch of its new and innovative eFLOW® CrowdBridge solution developed using Amazon Web Services (AWS), enabling secure and efficient data validation on crowdsourcing platforms. Leveraging and extending the robust web and cloud enablement capabilities of its recently released eFLOW5® platform, TIS has developed a crowdsourcing service using AWS that is available today on Amazon Mechanical Turk and allows enterprises to extract, mask and deliver components of structured and unstructured content from enterprise documents to the crowd, where it can be accurately, efficiently, economically and securely validated and returned to the enterprise's content management system.
eFLOW CrowdBridge enables enterprises to flexibly adjust resources to actual work volume, preventing overload and bottlenecks at peak times and reducing overhead when demand is low. By supplementing or substituting on-site data validation resources using the crowd, enterprises will substantially reduce IT and labor resource costs. Enterprises can enjoy the low costs of off-site cloud-based manual data entry on the crowd platform with fully secure integration with their on-site data and document processing system and easily accessible Amazon S3 (Simple Storage Service) online file storage web service, helping enterprises to comply with certain enterprise data privacy protection regulations and without any additional investment in IT resources. The solution is in production at a leading enterprise in Europe, who reports high satisfaction from its implementation to date.
"Our enterprise customers are interested in using Amazon Mechanical Turk with sensitive content," said Sharon Chiarella, Vice President, Amazon Mechanical Turk. "The TIS solution allows documents to be securely presented to workers in the Amazon Mechanical Turk marketplace. We are pleased that TIS has chosen to develop their solution on Amazon Mechanical Turk."
Michael Schrader, CTO & SVP Global Solutions, Top Image Systems, comments: "Top Image Systems considers eFLOW CrowdBridge to be strong proof of TIS status as a thought leader in the ECM and BPM marketplace, a position we achieve by listening carefully to the needs of our customers and finding ways to apply the latest technologies to resolving those needs in new and innovative ways. We are confident that the concept of leveraging crowdsourcing integrated with enterprise content processing solutions will have far broader applications as we continue to expand the development of eFLOW CrowdBridge from "validation in the crowd" to meet other diverse and valuable business needs."
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS' flagship eFLOW platform and diverse business process and mobile image processing solutions are 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.
Top Image Systems 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.
Amazon Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment and data center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect Amazon.com's financial results is included in Amazon.com's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.
CONTACT: TIS Company Contact: Shelli Zargary Director of Corporate Marketing and Investor Relations firstname.lastname@example.org +972 3 767 9114 TIS Investors: James Carbonara Regional Vice President, Hayden IR email@example.com + 1 646 755 7412
Source:Top Image Systems Ltd.