Top Image Systems Appoints Industry Innovator Carsten Nelk as CTO

TEL AVIV, Israel, COLOGNE, Germany and PLANO, Texas, May 4, 2015 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a global innovator of intelligent content processing solutions, today announced the appointment of Mr. Carsten Nelk to the position of Top Image Systems' Chief Technology Officer. Bringing vast experience and an excellent track record as an innovative executive at global enterprise software leaders, effective May 1, 2015 Mr. Nelk will be responsible for the company's global product strategy and future roadmap, reporting to CEO Michael Schrader. All product management, strategy and R&D teams will be under his jurisdiction.

Most recently Carsten was responsible for innovation in Financial Process Automation at ReadSoft AB, where he introduced new functional process enhancements and mobile and cloud technologies that drive higher customer value and satisfaction. Prior to that position, for six years Carsten held the position of CEO of the Readsoft SAP Solutions Lab, where he oversaw the development and worldwide rollout of ReadSoft's SAP solutions.

One of the founders of Ebydos AG in 2000, which was acquired by Readsoft in 2006, Carsten was responsible for Invoice Cockpit and Process Director, the most widely used Accounts Payable and Financial Process Automation solutions for SAP. He came to Ebydos AG from SAP AG. Carsten holds an M.Sc. in Mathematics from the University of Aachen.

"I am very excited to join Top Image Systems, an agile and innovative player in the global content capture and process automation market," commented Carsten Nelk. "Well-known for its technological thought leadership, powerful recognition and classification software and expert team of professionals, Top Image Systems combines a strong software platform, sound strategic solution approach, talented management team and stable global install base – a combination that holds enormous potential for growth. I am bringing my experience and skills to the table to help TIS realize this potential and take a leadership position in the cloud and mobile content capture and automation domains."

"We at Top Image Systems are fortunate to recruit such an accomplished and proficient professional to be a key member of our executive management team, as well as to direct our global solution strategy and technology development program," stated Michael Schrader, CEO Top Image Systems. "At TIS, we pride ourselves on having the creativity, innovation and resourcefulness to flourish in a tough marketplace, one marked by giants that are only growing bigger. Carsten will fill a critical role in helping TIS thrive in this environment and create significant value for our customers, employees and shareholders."

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.

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 shelli.zargary@topimagesystems.com +972 3 767 9114 TIS Investors: James Carbonara Regional Vice President, Hayden IR james@haydenir.com + 1 646 755 7412

Source:Top Image Systems Ltd.

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