Agfa and Top Image Systems Complete European Agreement
Press release from the issuing company
1/26/01 Mortsel, Belgium / Tel Aviv, Israel - Agfa (Euronext and Frankfurt: AGF), Europe's leading imaging company, and Top Image Systems, Ltd. (NASDAQ: TISA), a leading innovator in digital information recognition and data capture software solutions, announced today that they have completed a European sales, marketing and technology agreement. The agreement covers TiS' eFLOW and Freedom solutions for automated data capture and Agfa's ADMIS line of scanners, BSCAN software and COLD products.
According to the agreement Agfa will act as Top Image Systems' system integrator partner, selling and supporting integrated solutions for automated data capture, forms processing and document management. TiS will provide product training to Agfa sales and support staff. Agfa and TiS will co-ordinate marketing activities including joint participation in trade shows, road shows and customer seminars. The two companies will also share technology to ensure smooth product integration.
Patrick Van Loon, Agfa's Business Group Manager for the Industrial Imaging business group stated: "Agfa and TiS share common goals in the automated data capture, forms processing and document management markets. TiS' new developments in electronic data capture and in extending its technology to personal mobile devices will enable Agfa to enter new strategic market segments."
"Agfa is recognised as a world leader in document scanning technology and related solutions. Agfa's strong market presence and active direct sales force will result in increased product sales and market penetration", said Izhak Nakar, President of Top Image Systems. "The integration of Top Image Systems' software solutions with Agfa's hardware will enable us to provide our customers with a complete solution to capture and deliver data to any part of the enterprise", Mr. Nakar added.
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