Top Image Systems and ARX Sign Worldwide Technology OEM and Sales Alliance to Better Serve Joint Customers

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Integration delivers superior information management solution, improved internal controls and enhanced compliance with regional and industry-specific regulations.

We continuously strive to offer our customers the best solutions on the market through internal development as well as partnering with other best-of-breed technology providers that complement our offerings.

ARX (Algorithmic Research) a leading global provider of standards-based electronic signatures (digital signatures) and data security solutions, and Top Image Systems Ltd. (NASDAQ, TASE: TISA), the leading innovator of data capture solutions, announced an extended worldwide technology and sales alliance that will help customers manage information more efficiently.

Through this partnership, joint customers can expedite data capture processes, improve internal controls and enhance compliance with regulations.

Top Image Systems' eFLOW provides customers with a single end-to-end solution to capture, classify, process, validate and deliver information, from every source and through every application including document and content management applications, ERP or CRM. This information includes invoices, checks, purchase orders and any other critical information. eFLOW ensures the access to all business-critical financial information at any stage in its lifecycle, thus facilitates compliance reporting for regulations governing business and financial information.

ARX’s CoSign is a non-forgeable, simple-to-use, standards-based electronic-signature solution that is tightly integrated with eFLOW. CoSign provides organizations with a solution that enables users to electronically sign documents, records, files, forms, and other electronic transactions. When using standards-based electronic signatures, users can sign multiple document-format types including those from: Adobe, Microsoft, IBM, and many others. Signing is simple with just a click and can be done directly from the desktop or any Web browser.

Organizations can replace handwritten signatures with confidence, sealing documents with legally-binding signatures and realize substantial savings in costs and time by eliminating the last of the paper in their processes.

“The combination of these complimentary technologies offers a compelling solution for any financial, commercial and governmental organization wishing to comply with the growing number of compliance reports required by federal and state government regulatory organizations,” said Gadi Aharoni, CEO of ARX. “Customers in these industries can further improve financial operations, and simplify, seal, secure, and accelerate their transactions using our joint offering."

“We continuously strive to offer our customers the best solutions on the market through internal development as well as partnering with other best-of-breed technology providers that complement our offerings." said Dr. Ido Schechter, CEO of TIS. "ARX is a natural fit for us as we continue to provide companies with the ability to improve their financial organizations, strength their internal controls and enhance compliance with regulations. We are looking forward to introducing the capabilities and power that our joint efforts have to offer to our customers across the world.”

About CoSign®

CoSign by ARX is a standards-based electronic signature (digital signature) solution. Signing and sealing electronic documents with CoSign will immediately expedite business processes, reduce costs, increase security and help organizations comply with regulations. CoSign electronic signatures are based on standard PKI technology, guaranteeing signer authenticity, data integrity and the non-repudiation of electronic documents.

CoSign supports all major applications and file formats (Word, Excel®, Outlook®, PDF, TIFF, AutoCAD, InfoPath and many more). With a rapid deployment, unique centralized approach, built-in integration with an organization's existing user-management directory systems, and extensive 3rd party application support, CoSign guarantees a quick ROI.

For more information please visit http://www.arx.com/products/cosign.php

About ARX (Algorithmic Research)

ARX (Algorithmic Research) has 20 years of experience assisting life sciences, healthcare, financial institutions, governmental organizations and commercial sectors to secure and streamline their processes and transactions. The company is a leading global provider of standards-based electronic signature and data-security solutions. ARX offers a wide range of high-end and state-of-the-art products and services designed to simplify, secure, and accelerate electronic transactions. ARX products are easy to use and simple to deploy, combining software and hardware solutions for small, medium and large business environments. For more information, please visit http://www.arx.com

CoSign® is a registered trademark of Algorithmic Research, Ltd. All other trade names and trademarks are the property of their respective holders.

About Top Image Systems

Top Image Systems is a leading innovator of enterprise solutions for managing and validating content entering organizations from various sources. Whether originating from mobile, electronic, paper or other sources, TIS solutions deliver the content to applications that drive the organization. TIS's eFLOW Unified Content Platform is a common platform for the company's solutions. TIS markets its platform in more than 30 countries through a multi-tier network of distributors, system integrators, value added resellers as well as strategic partners. Visit the company's website 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. 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 plans and schedules, rapid technological change, changes and delays in product approval and introduction, customer acceptance of new products, the impact of competitive products and pricing, market acceptance, the lengthy sales cycle, proprietary rights of the Company and its competitors, risk of operations in Israel, government regulation, dependence on third parties to manufacture products, quarterly fluctuations in sales of products in the Data Capture market (where in general the fourth quarter is the strongest and the first quarter is the weakest), the Company’s ability to successfully integrate TIS Japan, litigation (including litigation over intellectual property rights), 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.

Contacts:                

Top Image Systems Ltd    

Adi Bar-Lev

Director of Marketing and IR

Top Image Systems Ltd.

+972 3 7679114                

ARX (Algorithmic Research)

Raanan Dahari

Director of Sales

EMEA

+972 3 927 9500

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Russel Harris
ARX
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