TEL AVIV, Israel and COLOGNE, Germany, April 2, 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, announced today that two different Top Image Systems products received prestigious IT Innovation Awards (IT Innovationpreis) from over 5,000 applications submitted.
eFLOW CrowdBridge , TIS' first-to-market, patent-pending crowdsourcing solution for manual data validation, was selected as "Best of 2014" in the category of Content Management. Thinking out of the box led to this innovative solution that enables enterprises to securely outsource manual data entry tasks to Amazon Mechanical Turk in the crowd, gaining flexibility and drastically reducing costs.
In parallel, MobiFLOW , TIS' best-in-class mobile image processing platform, was awarded "Best of 2014" in the Mobile category. MobiFLOW enables highest image quality for any document captured on a mobile device, along with positive user experience. MobiFLOW integrates with eFLOW for full mobile-initiated process automation while also driving stand-alone applications such as mobile check deposit , mobile bill payment and many other innovative applications.
These awards provide formal recognition of TIS's creativity, technological superiority and thought leader position as an innovator at the cutting edge of the process automation market.
In its eleventh year, the IT Innovation Award applications are evaluated by a distinguished jury of over 100 scientists, industry experts and IT journalists, and were announced at CeBIT 2014, the world's largest IT industry event.
Michael Schrader, COO for Top Image Systems, remarked, "It is a true honor for Top Image Systems to be awarded the IT Innovationpreis, not only in one but in two different categories. Our R&D team works extremely hard to maintain our leading position in the advanced capture and process automation field. We are confident that this distinction will translate to great commercial success for these new products, which offer solid business value by solving known challenges with emerging technologies. We continue to innovate and invite all enterprises to learn how they too can achieve business benefit from these exciting new solutions."
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.
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.
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
