TEL AVIV, Israel and MADRID, Mar 31, 2014 (GLOBE NEWSWIRE via COMTEX) -- Top Image Systems, Ltd, a leading ECM (Enterprise Content Management), BPM (Business Process Management) solution and MIP (Mobile Imaging Platform) provider, and Konica Minolta Business Solutions Spain, a key provider of comprehensive solutions for company-wide printing workflows in the B2B segment, announced today the eighth joint project automating critical business processes for enterprises throughout Spain and plans to further expand joint business throughout 2014.
Following a formal partnership agreement with TIS in 2011, Konica Minolta Spain established an independent business unit to market, sell and implement eFLOW INVOICE and Digital Mailroom business process automation projects. To date, the partnership has yielded a series of successful deployments in numerous industries. The diverse set of joint customers includes an infrastructure, renewable energy, water and services developer; a beverage importer; a business school; an internationally recognized publisher, as well as Spain's largest fresh produce exporter. The most recent being an accounts payable automation project in deployment at a leading Spanish jewelry and fashion goods manufacturer. Headquartered in Barcelona, the jewellery manufacturer maintains a presence in 45 countries with over 400 retail locations while also doing business online.
"We are very pleased to note our joint success with TIS in supplying automated processing solutions to the Spanish market," commented Antonio Ramirez, Marketing Manager at Konica Minolta Business Solutions Spain. "Over the past two years, we have deployed numerous AP automation projects at a variety of Spanish enterprises, and our customers have shown high satisfaction with the results. Thanks to eFLOW, our customers have reduced cost and time expenditures while improving efficiency, which is critical in today's competitive market conditions. We are planning to expand our joint success through new business as well as automation of additional business processes within our current install base."
"We value the strong partnership with Konica Minolta Spain. Both companies have invested significant resources to create a solid joint market presence, execute several successful implementations and provide high quality training and technical support," stated Yoss Perl, Top Image Systems' Executive Director, EMEA. "Now that we have established a strong foundation, we are well-positioned to accelerate growth in the region. We thank Konica Minolta for their investment to date and are confident that with their continued cooperation, we will expand our partnership to promote the full TIS solution portfolio, taking advantage of advanced web, cloud and mobile technologies and flexible business models to many new organizations throughout Spain."
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 fulfil 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)) Ltd. 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 content across enterprise applications. TIS' eFLOW Platform is a common platform for the company's solutions which is 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.
CONTACT: TIS Company Press Contact:
Shelli Zargary
Director of Corporate Marketing and Investor Relations
shelli.zargary@topimagesystems.com
+972 3 767 9114
TIS Investors:
James Carbonara
Regional Vice President, Hayden IR
james@haydenir.com
+ 1 646 755 7412