Top Image Systems Ltd. (Nasdaq: TISA; TASE:TISA) and digital signatures data security solutions developer ARX (Algorithmic Research) will collaborate on technology and sales to help customers worldwide manage information more efficiently. Top Image Systems will offer its eFLOW solution and ARX its CoSign solution.
ARX CEO Gadi Aharoni said, “Customers can further improve financial operations, and simplify, seal, secure, and accelerate their transactions using our joint offering."
Top Image CEO Dr. Ido Schechter said, “We continuously strive to offer our customers the best solutions on the market through internal development as well as partnering with other best-of-breed technology providers that complement our offerings. ARX is a natural fit for us as we continue to provide companies with the ability to improve their financial organizations, strength their internal controls and enhance compliance with regulations.”
Top Image has a market cap of $33 million. The company posted a net profit of $1 million on $20.2 million revenue in 2006, 20% more than in 2005.
Published by Globes [online], Israel business news - www.globes.co.il - on March 7, 2007
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