TEL AVIV, Israel, June 2, 2010 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA) (TASE:TISA), the leading innovator of intelligent document recognition, and Braintribe Technologies, a leading provider of international service-oriented enterprise content management systems, announced today that Scanpoint, a subsidiary of Austrian Post, selected the "First Enterprise Mailroom" platform. The joint solution combines TIS' eFLOW powerful classification technologies with Braintribe's particularly flexible ECM (Enterprise Content Management) suit, creating new possibilities for intelligent document capture.
TIS and Braintribe were awarded the deal after a thorough evaluation of a number of solution vendors. Scanpoint will use the "First Enterprise Mailroom" platform to index and classify millions of documents received annually.
"We were impressed by the excellent recognition rates and the total integrated solution," said Ewald Baumann, Managing Director of Scanpoint. "There were also additional features that ensure the smooth operation, easy scalability and a good value for money. The solution fully complied with our requirements."
The new "First Enterprise Mailroom" solution is a result of successful existing partnership between TIS and Braintribe. By integrating components of the two product platforms, the best classification tool available on the market with the most flexible ECM suit, created a comprehensive and powerful solution. The client is also offered DMS functionalities, full compliance capabilities and monitoring tools. This offering guarantees the highest level of automation of the business processes and significant savings of time-consuming manual processes for collection, distribution and filing of documents and accounting data. "First Enterprise Mailroom" is a business solution, additives to existing DMS, archiving and ECM systems.
"By using our First Enterprise Mailroom solution in Scanpoint we have a significant milestone in the Austrian market set," said Michael Schrader, Managing Director of TIS EMEA. "Our partnership with Braintribe and the integrated mailroom solution provide customers with an advanced solution that highly supports their needs and provides rapid ROI."
"Through collaboration with TIS, both product platforms are extended with mature technologies," accentuates Stefan Ebner, Braintribe CEO, "and through the extensive automation of the capturing processes all unstructured information coming into a company can be automatically converted into structured and useful data accessible to the core business applications."
About Scanpoint
The Scanpoint Europe Holding GmbH, headquartered in Vienna, is a subsidiary of Austrian Post AG. With 6 state of the art digitization centers in all sorting offices of the Austrian Post AG, ScanPoint is providing the paper mail to all customers electronically. The goal is to relieve the companies from the entire paper process (receipt, distribution, collection, storage, archiving and destruction). Thereby the customer is getting incoming documents (the entire Inbox or parts thereof, eg invoices, and faxes and e-mails) much faster and can process it more quickly. This results in increased customer satisfaction and reduced internal costs. The second focus of Scanpoint is the digitization of paper archives.
About Braintribe Technologies
Braintribe -- Globally proven agile solutions
For more than 10 years, Braintribe Technologies is one of the most successful providers of international service-oriented enterprise content management systems. Braintribe's solutions support companies to better leverage their business information, sustainably manage and distribute it, regardless of where this information is stored or archived. Rapidly deployable, reliable solutions, short return on investment and compelling user orientation such as Web 2.0 are the key points convinced not only in German speaking countries for more than a decade. Global partnerships with Software AG and Top Image Systems expand Braintribe's global footprint in order to serve you better leveraging from your unstructured information.
About Top Image Systems
Top Image Systems is the leading innovator of enterprise solutions for intelligent document recognition, data extraction and validation of content entering organizations from various sources. Whether originating from electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization, such as ERP, CRM, IPS, PPC-systems and other operational application systems. TIS' eFLOW Unified Content 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, value-added resellers as well as strategic partners and direct sales. Visit the company's website http://www.topimagesystems.com for more information.
The Top Image Systems logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4212
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, particularly statements regarding future operating or financial performance such as statements regarding trends, demand for our products, expected deliveries, transaction, expected revenues, operating results, earnings and profitability. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward looking statements. Words such as "will," "expects," "anticipates," "estimates," "intends," "believes," "plans" 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 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 TIS 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), TIS's ability to successfully integrate businesses it acquires, 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.