Top Image Systems Elects Mrs. Aliza Sharon and Mr. Asi Karfiol to Its Board of Directors
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Tel Aviv, Israel - January 21, 2008 - Top Image Systems, Ltd. (NASDAQ: TISA, TASE:
TISA), the leading innovator of intelligent document recognition, announced today the
election of Aliza Sharon and Asi Karfiol to its Board of Directors. The election was held at TIS's annual shareholders meeting held on December 20, 2007 in the company offices in Tel Aviv.
Mrs. Sharon is managing partner and owner of a Tel Aviv firm of certified public
accountants. The firm was established in 1993 and is involved in audits, consultation,
management and internal audits of Israel's largest companies and institutions. Mrs.
Sharon also serves as a member of the board of directors of Israel Aircraft Industries Ltd, University of Haifa and Azorim Investments and Building Construction Ltd., and holds a license to practice as a Certified Public Accountant and a Bachelor of Arts in Economics.Mrs. Sharon has over 25 year experience in auditing, guiding and managing companies, private as well as public, in various industries.
Mr. Karfiol served in various positions in the field of Venture Capital. From 2001
through 2007, Mr. Karfiol had served as general partner at Hyperion Israel Venture
Partners. From 1995 through 2001, Mr. Karfiol held various Vice President positions at
Ascend Venture Capital, an Israeli venture capital fund, and at ITI, an American-Israeli investment company. Prior to that, Mr. Karfiol had served as Marketing Manager for the Keter Plastics Group and as General Manager of a strategic international marketing consulting firm for leading Israeli corporations. Mr. Karfiol holds a BSc (summa cum laude) in Electrical Engineering and an MBA (magna cum laude) from Tel Aviv
University. Mr. Karfiol has professional expertise and experience in cross-border
business development of companies in a range of industries as well as a strong familiarity with the international venture capital (VC) market.
"We are extremely pleased to welcome Aliza and Asi to TIS's Board of Directors," said
Dr. Ido Schechter, CEO of Top Image Systems. "Their addition enhances our Board's
reputation as a strong, independent governing body that can contribute to the success of our business. As accomplished executives in international organizations, both Aliza and Asi bring a wealth of management and financial experience to TIS that will help position us for continued growth and success as a leader in the input management space."
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 40 countries through a multi-tier network of distributors, system integrators, value added resellers as well as strategic partners. Visit the company's website www.TopImageSystems.com for more information.
Company Contact
Adi Bar-Lev (adi@TopImageSystems.com)
Director of Public and Investor Relations
Top Image Systems Ltd.
Tel: +972 3 767 9114
