Top Image Systems Launches Software Buyback Program for Enterprise Capture Customers Seeking Improved Automation

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NEW YORK and TEL AVIV, Israel, July 17, 2014 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading Enterprise Content Management (ECM) and Business Process Management (BPM) solutions and Mobile Imaging Platform (MIP) provider, today launches a new program designed for companies who have not achieved the results expected after investing hundreds of thousands of dollars in a document capture solution that has yet to live up to its promises.

"We are seeing companies who have implemented intelligent capture solutions two and three times, either due to their desire for a newer generation of technology or because they have not achieved the value they expected from the 'market leading' enterprise capture solutions they invested in," commented Michael Schrader, COO of TIS. "These companies often experience further bottlenecks post-implementation when the software proves to be non-responsive to their business needs, and they start to look for a way out without having to spend on additional license fees. We want to offer companies caught in this scenario a chance to upgrade to the most modern capture technology available in a manner that is easy for them."

TIS is a leading data capture and processing software provider that also offers the most advanced mobile image processing platform on the market today. The company's solutions enable enterprises of any size to realize straight-through processing of mission-critical information while at the same time lower operational costs.

When benchmarked against competitive solutions, TIS' flagship product eFLOW® has been awarded the highest rating by Forrester Research in the areas of intelligent data capture, OCR support, language support, document classification, multi-tiered architecture, and mobile capture. eFLOW's state-of-the-art technology provides shorter ROIs than other solutions on the market.

TIS is offering to buy back competitive software and replace it with TIS' innovative technology for no additional license investment.

Companies who have invested in competitive software are eligible for the Buyback Program which consists of four components:

  • A complimentary advanced capture discovery session with expert technical consultants;
  • Competitive software buyback for the cost of a three-year commitment of existing maintenance and support;
  • Co-marketing agreement in exchange for competitive software swap out;
  • Any necessary scoping and statement of work issued by TIS professional services.

Extremely accurate recognition and classification technology have contributed to the 1,000+ satisfied enterprise customers using eFLOW across the globe. TIS' Software Buyback Program gives interested companies the chance to experience the superior recognition rates and straight-through processing they deserve.

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 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.

CONTACT: TIS Company 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.