Acquisition of Top Image Systems by Kofax Closes

TEL AVIV, Israel and PLANO, Texas, April 04, 2019 (GLOBE NEWSWIRE) — Top Image Systems Ltd. (the “Company” or “Top Image Systems”) (NASDAQ:TISA) announced that, at an extraordinary general meeting held today, the shareholders of the Company voted overwhelmingly to approve the previously announced acquisition by Kofax.

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Top Image Systems is Now Part of Kofax On May 6, 2019 – Kofax®, a leading supplier of Intelligent Automation software to digitally transform end-to-end business processes, announced the closing of its acquisition of Top Image Systems Ltd., a global innovator of on premise and cloud based applications that optimize content-driven business processes.

Irvine, CA – May 6, 2019 – Kofax, a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end business operations, today announced the closing of its acquisition of Top Image Systems Ltd. (NASDAQ:TISA) (TIS), a global innovator of on-premise and cloud-based applications that optimize content-driven business processes.

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09:07 ET | Source: Kofax, Inc. IRVINE, Calif., May 06, 2019 (GLOBE NEWSWIRE) — Kofax ®, a leading supplier of Intelligent Automation software to automate and digitally transform.

Irvine, CA, February 4, 2019 – Kofax, a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end business processes, today announced it has entered into a definitive agreement to acquire Top Image Systems Ltd. (NASDAQ:TISA) (TIS), a global innovator of on premise and cloud based applications that optimize content-driven business processes.

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(the "Company" or "Top Image Systems") (Nasdaq:TISA) announced today the closing of its acquisition by Kofax, a leading supplier of Intelligent Automation software to automate and digitally transform end-to-end processes, and a portfolio company of Thoma Bravo, a leading private equity investment firm.

Acquisition of Top Image Systems by Kofax Closes Under the terms of the agreement, Top Image Systems’ shareholders will receive merger consideration in the amount of $0.86 in cash for each share of Top Image Systems ordinary stock they hold (without interest and subject to any applicable withholding taxes or other amounts required to be withheld therefrom under applicable law).

TEL AVIV, Israel and PLANO, May 06, 2019 (GLOBE NEWSWIRE via COMTEX) — Top Image Systems Ltd. (the "Company" or "Top Image Systems") TISA announced today the closing of its acquisition by Kofax.