Document mg't co TopImage wins Generali insurance deal

The company did not disclose the size of the deal, but market sources estimate it about $1 million, over three years.

Top Image Systems Ltd. (Nasdaq: TISA; TASE:TISA) will sell its eFLOW document capture and management solution to Generali Group Austria AG to index and classify 60 million documents received annually.

The company did not disclose the size of the deal, but market sources estimate it about $1 million, over three years, during which TopImage will also provide services.

TopImage's share closed at $0.96 on Nasdaq on Friday, giving a market cap of $9 million. The share was unchanged at NIS 4 today on the TASE.

Published by Globes [online], Israel business news - www.globes-online.com - on May 3, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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