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. Quorum was achieved with 99% of the voting shareholders approving the merger. Top Image Systems expects the merger to close during the second week of May.

Brendan Reidy, CEO of Top Image Systems, commented, “We’re extremely pleased with today’s vote. I’d like to congratulate our shareholders, and I’m looking forward to TISA becoming a part of the Kofax family.”