Top Image Systems Merges American Branches and Appoints U.S.-Based Executive to Lead TIS Americas' Cloud and Mobility Strategy

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TEL AVIV, Israel and NEW YORK, Feb. 27, 2014 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) and BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider announces that Avi Mileguir has been named Executive Vice President and General Manager Americas for the newly combined branches of TIS Latin America and TIS America, forming TIS Americas. This change demonstrates the continued execution of the company's 2014 strategic goals to focus on US growth and pool resources through the merge of geographical regions.

Mileguir will replace Omri Gelb who served Top Image Systems in various positions over 13 years. The company's focus on developing mobile and cloud business in the U.S. aligns with Mileguir's long-term track record of driving multimillion dollar sales for Click Software, a cloud-based enterprise automation solution. Mileguir's background as an entrepreneurial sales and marketing executive with experience in increasing business in highly competitive markets, securing customer loyalty, and forging strong relationships with business partners will help TIS to expand its presence in the Americas.

"We believe Avi's leadership skills and successful sales experience in cloud-based offerings will enable us to reach our revenue goals and align resources between our previous separate American branches," said Michael Schrader, TIS Chief Operating Officer. "Throughout 2014, the company will continue to execute on our strategic organizational changes to win new business with our mobile imaging platform and cloud-based offering throughout the Americas and the world."

TIS is on plan to develop TIS Americas into one of its three main markets along with EMEA and Asia-Pacific. The company is also relocating its Vice President Global Engineering, a 14-year veteran of the company, to the US to lead all professional services for the Americas. To further support the company's cloud and mobility focus, a director of business development for banking and mobile solutions has also been added to the US team. The company plans to continue to increase the staff within the first quarter to execute on its 2014 strategic plans.

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 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.

CONTACT: TIS Company 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

Source:Top Image Systems Ltd.