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Top Image Systems Ltd to acquire U.S.-Based Cloud Software and Solutions Company eGistics

Tuesday, 8 Jul 2014 08:40am EDT 

Top Image Systems Ltd and and Business Process Management:Says signs definitive agreement to acquire eGistics, a privately-owned provider of cloud-based solutions to the banking and payments market, in transaction valued at about $18 mln.Under terms of the agreement, TIS will pay for acquisition 50 pct in cash and 50 pct in TIS shares.Acquisition is expected to close in Q3. 

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