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Top Image Systems Announces the Election of Lyron Bentovim to Its Board of Directors

  • Press Release
  • Source: Top Image Systems Ltd.
  • On 4:00 am EST, Monday November 17, 2008

TEL AVIV, Israel, Nov. 17, 2008 (GLOBE NEWSWIRE) -- Top Image Systems, Ltd. (TIS) (NasdaqCM:TISA - News) (TASE:TISA), the leading innovator of intelligent document recognition, today announced the addition of Lyron Bentovim to its Board of Directors. William M. Landuyt and Yehezkel Yeshurun will be departing from the Board of Directors after serving for over four years each.

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Mr. Bentovim is currently a Portfolio Manager for SKIRITAI Capital LLC, an investment advisor based in San Francisco. He brings with him over 15 years of industry experience, including his experience as a member of the board of directors at Three-Five Systems, Sunrise Telecom, Argonaut Technologies, RTW inc., and Ault inc. Prior to SKIRITAI Capital LLC, Mr. Bentovim served as the President, COO, and co-founder of WebBrix Inc., an innovative retail channel aiming to provide physical space and services for online retailers. Additionally, Mr. Bentovim spent time as a Senior Engagement Manager with strategy consultancies USWeb/CKS, the Mitchell Madison Group and McKinsey & Company. As a Senior Engagement Manager, Mr. Bentovim advised numerous Fortune 1000 companies in the Financial Services, Insurance, Retail, and Manufacturing sectors.

During his consulting career, Mr. Bentovim assisted companies in exploring and developing solutions in the areas of strategic planning and operational improvements. Specifically, he supported client companies in evaluating new market opportunities, assessing risk, formulating strategies and driving implementation efforts. Mr. Bentovim is experienced in evaluating Global 500 organizations and implementing strategies designed to streamline processes, reduce inefficiencies and achieve significant overhead reductions.

``Top Image Systems has proven itself to be a true leader in the input management space,'' said Bentovim. ``I'm looking forward to being part of such a strong company; providing sound oversight and direction to help TIS create value through the pursuit of additional revenue and market share in 2009.''

Mr. Bentovim has a MBA from Yale School of Management and a Law degree from the Hebrew University in Jerusalem. He currently lives in New Jersey with his wife and two children.

Dr. Ido Schechter, Chief Executive Officer of TIS commented, ``We are extremely pleased to have Lyron Bentovim join TIS's Board of Directors. Mr. Bentovim brings with him years of experience and we are confident he will be a strong asset to our board and the continued growth of TIS. We would also like to thank William Landuyt and Yehezkel Yeshurun for their dedication and continued support over the past few years.''

About Top Image Systems

Top Image Systems (TIS) 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 http://www.TopImageSystems.com for more information.

The Top Image Systems logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4212

Contact:

          Top Image Systems, Ltd.
Adi Bar-Lev, Director of Public and Investor Relations
+972 3 767 9114
adi@TopImageSystems.com

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