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Top Image Systems Strengthens Position In Banking Industry With Strategic Hire

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 Office 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."

Brief Biography

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.

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