TEL AVIV, Israel, Feb. 7, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™ (TIS™), Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content Management) solutions provider, has appointed Clive Williams, Senior Vice President, to lead its Banking Business Unit as part of TIS's business strategy to advance its position in the banking sector.
Mr. Williams brings over 20 years of executive management experience in the banking and financial services market. Prior to joining TIS, he was a Senior Solutions Director for Enterprise Retail Banking, Wealth Management and Compliance and Risk with Misys International Banking Systems plc, a leading global application software and services provider to the Banking industry.
"The addition of Clive Williams strengthens our Banking Business Unit and supports our commitment to continue our growth in this segment," commented Dr. Ido Schechter, Chief Executive Officer of TIS. "His extensive industry knowledge and solutions experience complements TIS's strategic approach to the banking industry. We are very fortunate to have Mr. Williams as part of our company."
"I am very excited to be a part of TIS," stated Mr. Williams. "For over 20 years, The Company has been at the forefront of Enterprise Content Management solutions and it will be both rewarding and demanding to be joining such an experienced team. There are numerous opportunities ahead for TIS in the banking industry and I am eager to assist in expanding the Enterprise Content Management business within this sector."
Dr. Schechter concluded, "TIS's overall growth strategy centers on three main components: Digital Mailroom, Partner Channel Distribution and the Banking Platform. Mr. Williams' hire in our Banking Unit further bolsters our long-term strategy of focusing on profitable industries by delivering solutions to markets where TIS can add considerable value."
During his tenure at Misys, Mr. Williams was responsible for Strategy, Development and Delivery of Misys' solutions and related business activities. He has also served as member of Misys' Banking Solutions Operating Board and Strategy Council.
Mr. Williams previously held a number of Senior Management and Board roles at The Highams Group plc, a leading software and services provider to international Banking and Insurance markets. While at The Highams Group, Mr. Williams' positions included: Group Business Development Director, Head of Strategy and Divisional Managing Director. Before The Highams Group, Mr. Williams was an Executive Director with The Enterprise Group Plc.
Mr. Williams is a Chartered Engineer, Chartered IT Practitioner, a Fellow of the Institute of Marketing and holds an M.B.A from Henley Business School (HBS) in the UK.
About TIS Banking Platform
TIS's Banking Platform is a single gateway in which all corporate data - both paper and digital - is processed, understood, classified, and delivered through the business processing chain. From front and back office, core banking functions to e-business initiatives, the multiple applications constructed on to a single platform address the unique needs of local and global banks. TIS's Banking Platform helps banks improve profitability by streamlining Enterprise Content Management solutions, allowing them to communicate effectively and more efficiently with their customers and business partners. The Banking Platform simplifies corporate agility and compliance.
In August 2010, TIS announced a leading global bank selected its Banking Platform to implement in more than 1,500 branches worldwide. The initial order totaled $1 million.
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 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 and strategic partners. Visit the company's website for more information.
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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.
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