July 9, 2014 | Top Image Systems acquired the American cloud-based data and document management solutions company eGistics for $18 million. According to the agreement between the two companies, Top Image Systems will pay half of the sum in cash and half in company shares. eGistics, based in Dallas, Texas, provides advanced image and data solutions that enable businesses to streamline storage, management and the delivery of information.
Top Image Systems specializes in Enterprise Content Management (ECM), Business Process Management (BPM) solutions and is a Mobile Imaging Platform (MIP) provider. The company was founded in 1991 by Executive Chairman Izhak Nakar and is currently publicly traded on NASDAQ and the TSE.