India, with one billion residents, is an attractive target market for companies whose contract size is contingent on population size. Top Image Systems (Nasdaq:TISA) today reported just such an achievement, having been awarded India¿s national census project.
Top Image is engaged in managing and validating content entering organizations and has a large market share in government census.
"Winning the world's largest census project extends our market share lead in this sector and strengthens TiS' position as the number 1 software solution provider to the census market." stated Izhak Nakar, Top Image CEO. The company did not provide the financial details of the deal, but it is presumably worth millions of dollars.
TiS will partner on the project with CMC Limited, an Indian information technology company. CMC will provide system integration services for the complete project.
The obvious question remaining for Top Image is whether the company can now conquer the Chinese census market. "We have nothing concrete in that market at this time," stated Nakar, "but naturally we are interested in such a large market."