updated 5/24/2011 6:16:27 AM ET 2011-05-24T10:16:27

TEL AVIV, Israel, May 24, 2011 (GLOBE NEWSWIRE) -- Top Image Systems Ltd. (TIS) (Nasdaq:TISA), leading ECM (Enterprise Content Management) solutions provider, today announced it was presented with the 2011 ECM Award for Profitability by consulting firm Pentadoc. Top Image Systems was selected for the award for implementing a mailroom processing solution based on its eFLOW™ platform at the Austrian Generali Group, allowing the company to digitally capture and process up to 60 million pages per year.

Top Image Systems received the award from a panel of independent experts from academia and the private sector on May 17th, 2011 during the ECM Day 2011 at the Schonbrunn Castle Conference Center in Vienna. Among the panel were: Franz Neubauer - Austrian National Bank; Dipl. Ing Dr. Techn. Norbert Pillmayr - Karntner Elektrizitats-Aktiengesellschaft; Prof. Dr. Friedrich Roithmayr - University of Linz; Dipl. Ing. Dr. Robert Stubenrauch -Softwarepark Hagenberg; Mag., Stefan Wratschko - Allgemeine Unfallversicherungsanstalt; Oliver Weiss - IT Verlag; and Dipl. Ing. Christian Dlapka, M.A. - PENTADOC Gesellschaft m.b.H.

The selection was based on the superior technology, flexibility and scalability of TIS's eFLOW Platform in comparison to several strong competitors. The TIS mailroom processing solution is specifically tailored to enable Generali to streamline its business processes and significantly improve the quality of service for both its customers and partners. The panel highlighted the enormous cost saving potential of eFLOW as a factor in its decision.

"We are honored to have been selected for this award as it cements our position as a leader in the enterprise content management market," commented Michael Schrader, Managing Director EMEA at Top Image Systems. "The implementation of our digital mailroom solution at Generali demonstrates Top Image Systems' commitment to furthering our growth strategy by providing companies with first rate ECM solutions while reducing costs and enhancing overall productivity."

Aside from winning the award for Profitability, TIS was also among the top three companies of the year for "Best ECM Provider". In this category, customers of ECM providers were able to select from 23 renowned ECM providers in an online voting process. Overall, 446 companies participated in the vote.

About Top Image Systems (TIS)

Top Image Systems (TIS) 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 strategic partners. Visit the company's website 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. 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: Dana Rubin
         Director of Corporate Marketing and Investor Relations
         dana.rubin@topimagesystems.com
         +972 3 767 9114

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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