Top Image Systems Appoints Kristian Niklasson as Chief Services Officer
April 12 2016 - 9:00AM
Top Image Systems, Ltd. (NASDAQ:TISA), a global innovator of
intelligent content processing solutions, today announced the
appointment of Mr. Kristian Niklasson to the position of Top Image
Systems’ Chief Services Officer, whereupon he will serve as a
member of the Executive Management Team. A results-driven
manager with extensive experience developing and operating
enterprise software businesses in an international environment, as
of April 2015 Mr. Niklasson will be responsible for TIS’ worldwide
professional services, customer support and IT and cloud
operations. Mr. Niklasson will be focused on facilitating growth
and profitability in TIS’ services offering as well as maximizing
quality of service and customer satisfaction.
Mr. Niklasson brings to this position significant experience
managing multinational services businesses, both within the
document automation software industry as well as in other
industries. At Top Image Systems he will take responsibility
for the professional services business and the recurring revenues
business, with the aim for the future of increasing the
profitability of the services business and growing recurring
revenue streams via offering managed services and cloud
solutions. Establishing the cloud services offering will
entail directing the transition to delivery of our portfolio in the
cloud, including managing the cloud and hybrid delivery of our new
end-to-end Financial Process Automation solutions.
Mr. Niklasson spent many years managing services organizations,
both in the engineering consulting industry as well as for global
players in the document automation industry. Following his
roles as Program Manager for Xerox Professional Services and
as VP Global Services for ReadSoft, Mr. Niklasson was then
appointed Managing Director for Etteplan Stockholm; upon that
company becoming a part of Etteplan Industry, Mr. Niklasson was
later appointed Director of Technical Information. Mr.
Niklasson earned an MSC in Engineering and Mathematics from the
Swedish KTH Royal Institute of Technology.
“I am excited to take on the challenge of further developing Top
Image Systems’ services business to be a dynamic profit center with
high quality delivery of a comprehensive cloud offering,” commented
Kristian Niklasson. “Top Image Systems has a diverse and
well-established global install base and a strong team of skilled
professional services experts which gives us great potential for
growth; with experienced leadership and understanding of the
services opportunities in the cloud, I am confident that we will
succeed in increasing customer satisfaction, expanding recurring
revenues and building up a profitable managed services
business.”
“Kristian Niklasson’s skills and experience will be an asset for
the company and a valuable addition tor our Executive Management
Team,” said Michael Schrader, CEO Top Image Systems. “We have made
considerable progress in refocusing our product and solution
portfolio and executing on our strategic growth strategy to
optimally leverage our cloud and mobile capabilities. The
addition of a Chief Services Officer will now enable us to move
forward with optimal delivery of these solutions and supporting
services while in parallel increase the productivity and
profitability of our existing SaaS and project services
operations.”
About Top Image Systems
Top Image Systems™ (TIS™) Ltd. is a leading
innovator of enterprise solutions for capturing and validating
structured and unstructured content entering organizations from
various sources and managing content-driven business processes.
Whether originating from mobile, electronic, paper or other
sources, TIS solutions automatically capture, process and deliver
content across enterprise applications. TIS’ flagship eFLOW®
platform and diverse business process and mobile image processing
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
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. 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 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.
TIS Company Press Contact:
Shelli Zargary
Director of Corporate Marketing and Investor Relations
shelli.zargary@topimagesystems.com
+972 3 767 9114
TIS Investors:
James Carbonara
Regional Vice President, Hayden IR
james@haydenir.com
+ 1 646 755 7412
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