SOURCE: Top Image Systems Ltd.

March 28, 2007 09:00 ET

Top Image Systems and J&B Software Inc. Partner to Provide Advanced Intelligent Document Capture & Recognition Solutions and Services to the US Market

Latest Agreement Continues TIS's Expansion Into the USA Market

TEL AVIV, ISRAEL -- (MARKET WIRE) -- March 28, 2007 -- Top Image Systems, Ltd. (NASDAQ: TISA) (TELAVIV: TISA), a leading innovator of intelligent document recognition, today announced an agreement with J&B Software, Inc., a premier provider of enterprise-wide payment system solutions and integration services. Through the agreement, J&B Software Inc. will provide eFLOW, TIS's flagship document capture solution, to its large client base in the transaction processing and financial services industries. J&B Software will also develop specific applications to the healthcare claims market.

"We're proud to offer TIS's solutions, as they will empower our customers to capture and process a greater variety and volume of documents as well as allowing our customers to gain more control over the ever-growing amount of financial transactions they manage," said Robert Bartlett, President and COO of J&B Software Inc. "TIS's solutions will greatly complement our product offerings and allow us to expand our market reach."

The J&B-TIS integration is highly advantageous to numerous industries, including government, financial, insurance, and health care. By combining J&B Software's Transaction Management System (TMS) solution & TIS's eFLOW, organizations are provided some of the most advanced data capture capabilities in the field. The combined solution's sophisticated modules handle structured, semi-structured, and unstructured documents without the time consuming need to predefine the structure of each one and create a template at startup. Able to process both paper-based and electronic documents, the solution handles any such forms, including those incorporating complicated tables and multiple pages, and their various attachments.

"J&B offers an industry-leading business solution for remittance and payment processing to help simplify information management and deliver information on demand," said Ido Schechter, CEO of Top Image Systems. "This cooperation between J&B and TIS will provide customers with a flexible, streamlined set of solutions for capturing and managing transactions information while reducing their related costs. It represents an excellent opportunity for TIS to reach a wider audience with our robust enterprise input management solution."

About J&B Software, Inc.

J&B Software revolutionized the image based payment processing industry. Today J&B provides market-leading automated payments, electronic transaction processing and management systems to over 165 industry leading organizations, including regional and money center banks, insurance companies and mutual funds, credit card and student loan processors, telecom, utilities, government, nonprofit, and commercial organizations.

The company's reputation for excellence is built on a foundation of industry expertise coupled with an extensive library of core applications and product modules and a firm commitment to optimizing the use of open architecture software and hardware platforms. J&B's Hub and Spoke™ architecture consolidates management, core technology, and business applications, which results in reduced complexity, better use of skills, and a way to "future proof" legacy and backend applications at lower overall costs. J&B Software's application suite includes solutions for remote image capture, ARC and check 21/image exchange, remote data entry, as well as core applications for wholesale and retail lockbox, full-page forms processing, transaction archive, and online customer query.

J&B Software is a privately held company with more than 25 years of experience. J&B and its 400 plus employees are committed to improving our customers' operational effectiveness and profitability. For more information, visit the company Web site at www.JBsoftware.com or call 215/6411500.

About Top Image Systems

Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations. Whether originating from electronic, paper, or other sources, TIS solutions deliver the content to applications that drive the organization. TIS's 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, and value added resellers, as well as strategic partners. For more information on TIS, visit the company's web site at: www.TopImageSystems.com.

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.

Contact Information

  • Contacts:
    Adi Bar-Lev
    Investor and Public Relations Manager
    Top Image Systems Ltd.
    +972 3 7679114
    Email Contact

    Karin Keyser
    Marketing Coordinator
    J&B Software, Inc.
    215-641-1500
    Email Contact

    TIS America Inc.
    (514)-866-7610
    or
    (781) 245-1154