TEL AVIV, Israel, April 12, 2011 (GLOBE NEWSWIRE) -- Top Image Systems™ (TIS™), Ltd. (Nasdaq:TISA) (TASE:TISA), the leading ECM (Enterprise Content Management) solutions provider today announced that its eFLOW™ unified platform has been selected by the South African statistical office, STATS SA (Statistics South Africa), to process the upcoming census as well as all other surveys, starting in October 2011. The four-year contract follows other recent wins for TIS in the census market around the globe, including, Argentina, Thailand and Czech Republic.
With an estimated population of over 50 million, the chosen system had to be capable of accurately processing a large quantity of complex data in a short period of time - 220 million documents are to be processed over a 6-month period. It is the second successive census for South Africa to be processed by TIS's eFLOW.
TIS will work in partnership with local partner DAS (Digital Archiving Solutions).
Calvin Molongoana, Project Director for Census 2011 at STATS SA explained, "We chose a partnership of TIS and DAS as they have given us confidence that they can perform at the level that we demand. We have used TIS's eFLOW for our previous census, and again this time we felt eFLOW was the only system that could meet all our needs - processing the large volumes of data, to the highest accuracy levels, and in the short timeframe we are working to."
Over the last decade, TIS has gained vast experience in worldwide census projects, including in India, Brazil, Ireland, Italy, and Vietnam. TIS's extensive knowledge in this specific area has placed the company as the partner of choice for census programs, including in countries where TIS has been reselected for the second or third census.
Ronald Melmed, Managing Director at DAS stated, "TIS has a great reputation in the census market and so we are excited to be working with them on this project. We are confident that together we will meet and exceed the expectations of the South African statistical office."
Omri Gelb, Executive Vice President at TIS said, "This is a great win for TIS. Being selected again for the second time speaks volumes. Not only does it recognize our experience and proficiency in working on census projects, it demonstrates the strength of our leading edge technology and the experience we have of working on large scale forms processing projects globally over more than 20 years."
About Digital Archiving Systems (DAS)
DAS have been providing solutions in the field of imaging since 1996. Leaders in hosted content management, advanced forms processing, and Accounts Payable technology solutions. DAS also run an outsourcing bureau providing all of the afore-mentioned solutions as a service. Based in South Africa, DAS provides solutions throughout the whole African continent.
About Top Image Systems
Top Image Systems 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 ContentPlatform 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. Visit the company's website for more information.
The Top Image Systems logo is available at
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: Company Contact: Dana Rubin Director of Corporate Marketing and Investor Relations firstname.lastname@example.org +972 3 767 9114