Xerox and Top Image Systems, Ltd. Will Deliver Industry-Specific Workflow Automation Solutions

TEL AVIV, Israel and PLANO, Texas, Feb. 29, 2016 -- Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of intelligent content processing solutions, today announced a global reseller agreement with Xerox (NYSE:XRX) to give customers end-to-end automation solutions for industry-specific, content-driven processes.  Content processing solutions from TIS will be integrated into Xerox’s workflow automation suite, which helps simplify end-to-end processes for a range of industries including financial services, healthcare and government.

The solutions will help Xerox customers in large enterprises improve their day-to-day effectiveness and streamline content-driven tasks, such as customer onboarding, manual data entry, claims administration and invoice processing.

“Our workflow automation offerings enable greater productivity through digital transformation,” said Andy Jones, vice president, Workflow Automation, Large Enterprise Operations, Xerox. “The decision to partner with TIS advances our strategy to bring our customers the most innovative workflow automation technologies available on the market.”

“Our agreement with Xerox will bring significant business value to people and organizations looking to automate information-driven business processes,” said Michael Schrader, chief executive officer, TIS.

TIS and Xerox have shared regional agreements around the world for more than a decade, deploying successful outsourcing and document management solutions.

About Xerox

Xerox is helping change the way the world works. By applying our expertise in imaging, business process, analytics, automation and user-centric insights, we engineer the flow of work to provide greater productivity, efficiency and personalization. We conduct business in 180 countries, and our more than 140,000 employees create meaningful innovations and provide business process services, printing equipment, software and solutions that make a real difference for our clients – and their customers.

About Top Image Systems, Ltd.

Top Image Systems, Ltd. (TIS) is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS’ flagship eFLOW platform and diverse business process and mobile image processing solutions are 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.

Company Contact:
Shelli Zargary
Director of Corporate Marketing  
[email protected]
+972 3 767 9114

Investors:
James Carbonara
Regional Vice President, Hayden IR
[email protected]
+ 1 646 755 7412