TEL AVIV, Israel, Sept. 11, 2013 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (Nasdaq: TISA ), a leading ECM (Enterprise Content Management) and BPM (Business Process Management) and mobile image processing solutions provider,announces that the Company was included as a sample vendor in the Mobile Commercial Remote Deposit Capture and Mobile Consumer Remote deposit categories listed in the "Hype Cycle for Digital Banking, 2013" by Alistair Newton published on July 31 st , 2013 by Gartner, Inc.. Top Image Systems develops and markets a broad portfolio of mobile content processing solutions , including MobiCHECK for mobile remote deposit capture, MobiPAY for bill payment via mobile devices and the MobiFLOW platform for capture, recognition and processing of structured and unstructured data in files of virtually any size and format. Top Image Systems' mobile content processing solutions are fully integrated with its industry-leading eFLOW® multichannel intelligent content capture, workflow and delivery platform.
Hype cycles are graphical representations of the relative maturity of technologies, IT methodologies and management disciplines. The Hype Cycle for Digital Banking 2013 concludes that in an increasingly digital world, financial services institutions must keep a clear focus on those technologies and associated strategies that can best address digitalization's opportunities and disruptions to existing approaches in order to retain and attract customers. Gartner sees huge opportunity for growth and innovation in the digital banking space through 2013 and beyond. In this hype cycle, one technology stands out as having accelerated significantly along the Hype Cycle through 2012 and early 2013: mobile consumer remote deposit.
With the increase in usage of smartphones and tablets as capture devices, customer interest in and deployment of mobile image processing solutions is growing. Mobile RDC reduces banks' operational costs while serving as an entry point for consumers to use other more complex mobile retail banking transactions.
"Top Image Systems sees rapid growth, diversification and increasing sophistication in the demand from financial institutions to deploy mobile image processing applications in sync with their banking process management platforms," remarks Isaac Rome, VP Mobile and Banking Solutions, Top Image Systems. "Banks want to improve user experience, satisfy existing and attract new customers - and studies show that mobile banking applications are helping them do so. Gartner rightly advises banks to be careful to invest in mobile applications that will prove durable by ensuring positive user experience, protecting customers' security needs and integrating smoothly with existing banking systems. Top Image Systems is proud to be mentioned by Gartner in this important report which helps financial institutions assess the varied mobile technologies on the market and select those that will best meet their long-term requirements."
About the Gartner Hype Cycle
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.
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
