TEL AVIV, Israel, Aug. 14, 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 that its flagship capture and workflow platform eFLOW® was selected in a tender held by the Government of Maldives to manage and process the Republic's 2014 Population and Housing Census .
Top Image Systems was selected because of the Company's broad and proven experience in handling and delivering census output information in the timeliest manner, due to its expertise with census projects over the last ten years. This project marks the Company's 34th census project, having previously handled similar projects in Asia, Africa, Europe and the Americas. Top Image Systems and its local partner are providing all the software, equipment and services required, including capture, processing and validation of the pilot and national census data, design of the census questionnaire forms and data output, as well as training and hands-on support for the on-site staff.
"Top Image Systems is pleased to support the Republic of Maldives in carrying out this important project, which will contribute significantly to the country's social and economic development," commented Amir Angel, Director of Sales and Government projects, Top Image Systems. "Recognized by the UNPFA (United Nations Population Fund) , Top Image Systems is proud to be an active participant in the global effort to obtain comprehensive and up-to-date population counts and related information for every country around the world. By using eFLOW to process its census, the Maldivian Department of National Planning can be completely confident that the project will be completed accurately, efficiently and in full conformance with the specifications in terms of schedule, budget and quality."
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
