Top Image Systems initiates second phase of organizational changes

Top Image Systems Ltd. (NASDAQ: TISA) said it has started a second phase of organizational and management changes aimed to achieve its strategic goals for 2014.

The three-prong program includes a merge of geographical branches that will pool resources; optimized sales and marketing via expanded lead generation and inside sales activities; and management changes aimed largely at driving TIS´ growth in the US.

Dr. Ido Schechter will step down as chief executive officer and will remain on the board of directors and a shareholder of the company. Izhak Nakar, Top Image´s founder and active executive chairman, will in the interim move his primary business location to the US and commence a search for a US-based CEO. Michael Schrader, CTO and SVP, global solutions, has been appointed as chief operating officer.

Top Image Systems is an innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Visit the company´s website at http://www.TopImageSystems.com for more information.

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