Top Image Systems Announces Executive Appointment to Further Growth Initiatives

Tel Aviv, Israel / Plano, Texas – Top Image Systems Ltd. (NASDAQ: TISA), a global innovator of intelligent content processing solutions, today announces the appointment of Mr. John London as Interim Chief Financial Officer. Mr. London will be responsible for global finance efforts and will be based in the Company’s Plano, Texas, office.

Brendan Reidy, CEO of Top Image Systems, commented, “John has over 30 years of finance and accounting experience, including at PricewaterhouseCoopers, Affiliated Computer Services (ACS), and Xerox Business Services, following its $6.4 billion acquisition of ACS. He has in-depth experience in technology, software, and services. His roles have been both strategic and operational in nature, with a heavy emphasis on growth activities. I’m pleased to welcome John to the team.”

Prior to joining Top Image Systems, Mr. London was CFO of Magna5, a communications services business, including voice, data, cloud, and managed solutions. Before that, he was EVP, Finance & Accounting, CFO, and Operations for Xerox Business Services. At Xerox, Mr. London completed the integration and transition actions resulting from the 2010 acquisition of Affiliated Computer Services (ACS). He also directed finance, accounting, budgeting, forecasting, and modeling responsibilities for its $7 billion services business.

Prior to Xerox, Mr. London was CFO of Zenta, where he helped create a business process optimization (BPO) platform that was later sold to Accenture and used for their expansion into the Mortgage Services vertical. Earlier in his career, Mr. London was with PricewaterhouseCoopers for 11 years, where his practice experience included a variety of industries, for both public and private companies. Mr. London received a bachelor’s degree in Business Administration in Accounting from Texas A&M University, where he was also a member of the Texas A&M Corps of Cadets; Ross Volunteers – Texas Governor’s Honor Guard.
Top Image Systems today also announces that Patti Barton will be leaving her position as Acting Chief Financial Officer of Top Image Systems in mid-August.

Mr. Reidy stated: “For the past three and a half years, Patti has served Top Image Systems well as the Controller of the Americas, VP of Global Finance, and most recently as Acting Chief Financial Officer. I want to thank Patti for her dedication and tireless efforts in working with me and in managing the Company’s business and finance requirements, and for her great contribution to Top Image Systems.”

About Top Image Systems

Top Image Systems™ (TIS™) Ltd. is a global innovator of on-premise and cloud-based applications that optimize content-driven business processes such as procure to pay operationsremittance processing, integrated receivables, customer response management and more. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications, transforming information entering an organization into useful and accessible electronic data, delivering it directly and efficiently to the relevant business system or person for action with as little manual handling as possible. TIS’ solutions are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company’s website at https://www.topimagesystems.com/ for more information.

TIS Investors Contact:

James Carbonara, Regional Vice President, Hayden IR
james@haydenir.com + 1 646 755 7412

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