Continuous Success for Top Image Systems in Singapore
by Business Wire from Findarticles
TEL AVIV, Israel — Top Image Systems, Ltd. (Nasdaq:TISA), a leading innovator of data capture solutions, announced today that ten new customers and partners in Singapore have chosen eFLOW to streamline their accounts payable, accounts receivable, letters, forms and other documents. Among these customers are Singapore Airline, Singapore tax department (IRAS) and Singapore General Hospital. Top Image Systems (TIS) provides automated data capture solutions that improve enterprise business processes. eFLOW Unified Content Platform, TIS’ leading software solution, integrates data from multiple sources and of different types, such as invoices, freight and shipping bills, purchase orders and others. TIS’ solutions seamlessly deliver the extracted data to enterprise applications such as document and content management, ERP or CRM. TIS acquired its first major customer in the Pacific Rim, The Central Provident Fund (CPF), at the end of 1999. Another major customer, Deutsche Bank, was added to TIS’ customer list in 2001. With its headquarters for the Pacific Rim located in Singapore, Deutsche Bank has already rollout some of its eFLOW-based banking related business application. As of today, TIS has expanded eFLOW installations to five additional Deutsche Bank’s branches in the region. At the beginning of 2004, TIS established a formal presence in Singapore with the co-operation of Scientific Digital Business Pte Ltd (SDB), by locating its own professionals to support and grown its business in the Pacific Rim. Much efforts and resources have been invested by both TIS and SDB to introduce TIS’ advanced eFLOW platform to the highly developed and competitive Singapore market. Based on the initial success, around ten additional customers have chosen TIS’ eFLOW. To further strengthen its operation in Singapore, TIS has teamed up with several strong partners, including Accenture, NEC, Unisys, NCS, Global 360, and Asia Soft. “As a long time partner of TIS, we were pleased to take the activity to a higher level and assist TIS in establishing a stronger presence in the market,” said Wilson Chia, Managing Director of SDB. “SDB has been a leading provider of best-of-breed technology-based products, services and solutions in the document imaging and storage arena since 1989. Partnering with TIS in Singapore and the region, using our wide regional network and TIS’ superior technology, has undoubtedly created more opportunities for both companies.” “Since the early stages of TIS’ activity, it has been our goal to become a global player as a solutions provider across the world,” said Ido Schechter, CEO of Top Image Systems. “Acquiring prominent customers as CPF and Deutsche Bank and developing a high-level relationship based on mutual success with these organizations, was a promising start for our presence in the Pacific Rim area. We are pleased to see that our continues efforts are bearing fruits and our presence in this important market is further strengthening over the years.” About Top Image Systems Top Image Systems 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 the content to applications that drive the organization. TIS’ eFLOW Unified Content Platform is a common platform for the company’s solutions. TIS markets its platform in more than 30 countries through a multi-tier network of distributors, system integrators, value-added resellers as well as strategic partners. Visit the company’s website 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. 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 plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, quarterly fluctuations in sales of products in the Data Capture market (where in general the fourth quarter is the strongest and the first quarter is the weakest), the Company’s ability to successfully integrate TIS Japan, litigation (including litigation over intellectual property rights), 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.
The image used in this article is from Friendsprovident.co.uk
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