Wednesday 16th July, 2014

Top Image Systems has completed their acquisition of eGistics in a transaction valued at $18 million, the purchase price was made up of 50% in cash and 50% in TIS shares.

eGistics is a leading provider of private cloud solutions that streamline payments business processes, with a customer base made up of some of the largest financial institutions and third-party processors in the U.S.

Don Dixon, Managing Director and Co-Founder of Trident Capital, the largest shareholder of eGistics, has joined the TIS Board of Directors.

The agreement means that TIS will combine its enterprise capture and workflow solutions, mobile image processing platform and broad global install base with eGistics’ innovative cloud-based platform and world-class clients in the U.S. financial sector.

Izhak Nakar, Founder and Active Chairman of Top Image Systems, said; "Our combined offering provides cutting-edge technologies that will enable more advanced next generation solutions for document and data management and content-driven business process automation."