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.