Top Image Systems Announces Executive Appointment to Further Growth Initiatives
July 23 2018 - 8:00AM
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 SystemsTop 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 operations, remittance 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.
Top Image Systems 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. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results to be materially
different from any future results expressed or implied in those
forward-looking statements. Words such as "will," "expects,"
"anticipates," "estimates," and words and terms of similar
substance in connection with any discussion of future operating or
financial performance identify forward-looking statements. 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, approval and introduction
plans and schedules, rapid technological change, customer
acceptance of new products, the impact of competitive products and
pricing, the lengthy sales cycle, proprietary rights of TIS and its
competitors, risk of operations in Israel, government regulation,
litigation, general economic conditions and other risk factors
detailed in the Company's most recent annual report on Form 20-F
and other 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.
TIS Investors Contact: James Carbonara,
Regional Vice President, Hayden IR james@haydenir.com + 1 646 755
7412
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