GlobeNewswire
2011-07-06
Konica Minolta Increases Portfolio Offering With Addition of
TIS eFLOW(TM) Platform Solutions
TEL AVIV, Israel, July 6, 2011 (GLOBE NEWSWIRE) -- Top Image
Systems(TM) (TIS(TM)), Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM
(Enterprise Content Management) solutions provider, announced today
that it has signed a partnership agreement with Konica Minolta Business
Solutions Spain, a key provider of comprehensive solutions for
company-wide printing workflows in the business-to-business segment.
This agreement allows Konica Minolta to offer its clients TIS
eFLOW(TM)-based solutions, with an emphasis on processing large volumes
of incoming mail and invoices automatically. Top Image Systems is
positioned to further expand its foothold in the Iberian market through
this partnership, which has already signed its first customer.
In order to market these new solutions, Konica Minolta has set up a
separate business unit that will support clients in all aspects of
implementing business process automation projects. TIS and Konica
Minolta have participated in several joint marketing activities that
have already led to a customer win.
Commenting on the new partnership, Dr. Ido Schechter, CEO of TIS, said,
"In 2009, we refocused the company's business by concentrating on
digital mailrooms, global banking platforms and increased partner
channel distribution. The partnership with Konica Minolta Spain further
demonstrates that Top Image Systems continues to execute on its growth
strategy."
eFLOW allows companies to manage their document-based business
processes faster, at lower costs and more accurately, all on a single
enterprise platform. eFLOW(TM) efficiently and flexibly captures,
classifies and validates business-critical data from multiple incoming
document formats. The retrieved information is then immediately
available for subsequent applications, storage solutions and delivery
to management.
"We have seen a significant increase in demand for automated processing
solutions on the Spanish market, particularly in the mailroom segment,"
commented Antonio Ramirez, Product Marketing Manager at Konica Minolta
Business Solutions Spain. "In order to meet this demand, we have
created two new lines of business: the in-house, or client service,
'virtual mailroom', and the automatic processing of invoices and
delivery notes. With Top Image Systems, we have found a partner whose
leading ECM platform and service portfolio can provide our customers
with a maximum increase in efficiency as well as a reduction of costs."
"We are very pleased to partner with Konica Minolta as we are confident
both parties will equally benefit from this agreement," stated Omri
Gelb, Executive VP at TIS. "Through this partnership, TIS will be able
to enhance Konica Minolta's portfolio offering with our best of breed
technology for business process automation, while Konica Minolta will
provide us with a strong distribution partner that maintains a high
level of customer loyalty. We look forward to working closely with
Konica Minolta and to the success the partnership will bring to both
companies."
About Konica Minolta
Konica Minolta Business Solutions Spain is a wholly-owned subsidiary of
Konica Minolta Business Technologies, Inc., Tokyo, Japan. The company
delivers services and distributes products, systems and solutions that
fulfill all the requirements of office and production printing over the
entire document life cycle. Its product mix extends from
multifunctional and production printing systems, laser printers and
all-in-ones to a wide range of services and software to manage the
complete document workflow in any company. To support customers
optimally with powerful and sustainable solutions, technology leader
Konica Minolta continuously invests in research and development work
and regularly sets new standards for the entire printing industry.
For further information about the company, visit www.konicaminolta.es.
About Top Image Systems
Top Image Systems(TM) (TIS(TM)) 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's eFLOW Platform is a
common platform for the company's solutions. TIS markets its platform
in more than 40 countries through a multi-tier network of distributors,
system integrators and value-added resellers as well as strategic
partners. Visit the company's website http://www.TopImageSystems.com
for more information.
The Top Image Systems logo is available at
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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: Company Contact
Shelli Zargary
Director of Corporate Marketing
shelli.zargary@topimagesystems.com
+972 37679114