This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top Image Systems Creates Global Solutions Group, Customer-Facing Sales Team

TEL AVIV, Israel and COLOGNE, Germany, Feb. 5, 2013 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (Nasdaq:TISA), a leading Enterprise Content Management (ECM) intelligent content capture and delivery solutions provider, announced today that the company is executing an organizational restructuring. This initiative aims to establish a scalable, balanced organization that will drive global expansion of its product lines and related business activities in the many markets in which it operates around the globe.

The new organization will drive growth in the US and Asia Pacific by promoting sales of the eFLOW® INVOICE and Digital Mailroom (DMR) solutions it sells in high volume in Europe, Middle East & Africa (EMEA), while in parallel introducing its mobile solutions to the European market. The new structure will allow for improved cross-organizational knowledge transfer that will enable Top Image to meet these aims, with the goal of doubling revenues and profits over the next two to three years.

The Company is setting up a Global Solutions group to develop, manage and support market-driven solutions worldwide. To run the group, TIS has promoted Michael Schrader, currently serving as Managing Director, TIS EMEA, to assume the role of Chief Technology Officer (CTO) and SVP, Global Solutions. Mr. Schrader's mission will entail maximizing TIS' business potential by defining and bringing to market high-quality solutions that deliver superior value to TIS' customers.

Top Image Systems' CEO Dr. Ido Schechter will manage the customer-facing Field Operations group, which will be responsible for sales and delivery. The Field Operations group has the mission of extracting the solutions' maximum business potential in each of seven regions, which are similar to those composing the current TIS structure. The regions will include the German-speaking DACH countries, Poland & Baltics; Southern Europe, France, Benelux and Africa; UK & Nordics; North America; Latin America, Asia-Pacific and Japan.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs