Top Image has already sold its eFlow solution to Canadian Rail and Network Rail of the UK.
Document recognition software developerTop Image Systems Ltd. (Nasdaq: TISA; TASE:TISA) will provide its eFlow solution to Hungarian State Railways for a automated purchase-to-payment solution. The contract is reportedly worth €1 million.
Top Image partnered with Hungarian IT integrator MAV Informatika Zrt and ERP solutions integrator DoqSys Business Solutions for the project.
Top Image has already sold its eFlow solution to Canadian Rail and Network Rail of the UK.
Top Image's share was unchanged at the opening on Nasdaq today at $0.82, giving a market cap of $7.6 million. The share rose 9.6% on the TASE to NIS 2.80.
Published by Globes [online], Israel business news - www.globes-online.com - on January 12, 2010
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