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Top Image Systems and Feith Formalize Partnership Agreement to Offer Capture-Enabled BPM Solutions to the US Market

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TEL AVIV, Israel and NEW YORK, July 30, 2013 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq:TISA), a leading ECM (Enterprise Content Management) intelligent content capture, workflow and delivery and mobile payments solutions provider,announces formalizing its partnership with Feith Systems and Software, Inc., Fort Washington, PA.-based provider of complete, integrated electronic ECM solutions, to jointly offer capture-enabled BPM solutions to the US market. Sharing similar objectives to bring their customers best-in-class, technologically superior solutions that facilitate business process optimization, the two companies determined that combining their complementary areas of expertise and integrating between their product suites would prove beneficial to both companies and add significant value for their customers. Following execution of successful joint marketing and sales activities, the companies agreed to formalize their partnership and cooperate on a joint go-to-market for their combined end-to-end capture-enabled BPM solution to the US-based Oracle™ user community. Top Image Systems will be a sponsor at the upcoming FACT 2013, the Feith Annual User Conference, to be held August 5 - 9, 2013 in Atlantic City, N.J.

Daniel Feith, Director of Sales Engineering, Feith Systems, comments, "Feith prides itself on having a long history of leveraging world-class technologies to provide its customers with the highest-performance solution set available on the market. For a long time we searched for a powerful data recognition and classification platform that could meet the challenges facing our customers; we are impressed by the functionality, scope and performance of the eFLOW® platform and are confident that it will enable our customers to achieve even higher productivity gains from their ECM and BPM solutions."

"Top Image Systems has entered the US market to bring American enterprises the very best content capture and recognition solutions available today," explains Omri Gelb, EVP and General Manager, Top Image Systems North America. "By partnering with a technological powerhouse such as Feith, integrating between the knowledge and skill set of two acknowledged technology leaders, we can extend our reach, expanding our solution set to provide an effectively unparalleled solution for end-to-end content and document process management that maximizes the enterprise's operational efficiency, and contribute to our customers' ability to compete. We have found at Feith superior solution capabilities, broad industry and market knowledge and a drive for excellence that we are certain will make this a win-win partnership, not only for the partners, but more importantly for our growing list of joint customers."

About Feith Systems:

Feith Systems™ creates class-leading Business Process Management, 5015.2 Records Management, and Enterprise Content Management solutions, including the comprehensive flagship BridgeLogiQ™ BPM suite which integrates workflow, document and records management, self-service web forms, dashboard reporting, and more. Developing cutting-edge solutions for a wide array of companies, organizations, and government agencies worldwide that leverage existing ERP investments, Feith Systems provides streamlined, comprehensive solutions to even the most challenging business processes. For more information, visit www.feith.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 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 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.