TIS's founder and Chairman of the Board, Mr. Izhak Nakar and CEO, Dr. Ido Schechter open the trade in Tel Aviv Stock Exchange, December 3, 2006
Below is the scan of Star dated 5th of August 2008, about a month later after the coverage and exposure by RPK in his Malaysia Today. A few years ago Malaysian Airline Systems (MAS) hired one Israeli citizen for its IT Dept and the story died down just like that.
Companies that are involved in the deal.Master Plan Consulting Sdn Bhd (357303-V)
The company is owned by Raja Azlina Binti Raja Abdul Jalil (3 million shares) and Ahmad Firdaus Bin Abdul Halim (2 million shares). They are both Directors of the company. The company has RM26 million in assets and RM6.6 million in liabilities with a paid up capital of RM5 million.
System Protocol Information Sdn Bhd (603787-M)
The company is owned by Aswadi Anuar Bin Shamsudin (350,000 shares) and Mohd Supardi Bin Abdul Majid (150,000 shares). The Directors are Aswadi and Raziah Binti Sidek who share the same residential address and therefore could be husband and wife. The company has about RM2.3 million in assets and RM1.8 million in liabilities with a paid up capital of RM500,000.
D. G. Kom Sdn Bhd (87537-V)
The company is owned by Saki Almahdaly Holdings Sdn Bhd (6,075,000 shares), WYN Resources Sdn Bhd (1,215,000 shares), PFB & Anak-anak Holdings Sdn Bhd (405,000 shares) and Prodaya Sdn Bhd (405,000 shares). The Directors are Syed Abd Kadir Bin Ibrahim, Dato’ Mohammad Radzi Bin Salleh and Nor Azman Bin Abdul Karim. The company’s assets are RM26 million against liabilities of RM19 million with paid up capital of RM7.6 million.
Asiasoft (M) Sdn Bhd (150529-H)
The company is owned by Bees System Sdn Bhd (350,000 shares) and Asiasoft (Singapore) Pte Ltd (15,000 shares). The Directors are Toh Kian Hong (Singapore citizen), Lim Tze Kuang and Lim See Hui. The assets of the company are RM4 million against liabilities of RM1.8 million with a paid up capital of RM500,000.
Executive Officers of Top Image Systems (TIS)
Board of Directors
Izhak Nakar, Founder and Chairman of the Board
Izhak Nakar founded the Company and served as its Chairman of the Board and CEO from inception until May 2001. In 2005, he was re-elected as the Chairman of the Board and in this position is responsible for TIS’s strategic M&A activity. Mr. Nakar served in the Israel Air Force from 1970 to 1987, where he led various large-scale highly technical development projects, including leading a development team that worked in cooperation with the U.S. Air Force. He received his B.Sc. in Computer Science from Bar Ilan University in 1982, and an MBA from Tel-Aviv University in 1984. Mr. Nakar is a recipient of the “Israel Defense Award,” bestowed annually by the President of Israel, for the development of high-tech systems in the field of intelligence for the Israeli Defense Force. He also received the “Man of the Year Award” in Business and Management (‘95-’96) in recognition of his business accomplishments and contributions to the growth and development of Israeli high-tech companies. In 1998 , Mr. Nakar founded NIR4YOU Capital, a privately held investment company specializing in early stage investments in high–tech companies. NIR4YOU Capital has 14 companies on its portfolio including: ForesCout , e-mobilis ,TopGuard , Matearis , Video Codes ,SundaySky , Secur DI , MomSense etc. Three of the 14 companies were sold to large enterprises, including SAP and Microsoft . In 2004 Mr. Nakar was elected as a Board member of the Israel-Japan chamber of Commerce. .
Ido Schechter, CEO
Dr. Schechter has been with the company for 9 years and is serving as the Company's CEO since January 2002. Prior to that, Dr. Ido Schechter has been the Company's Vice President of Sales and Marketing from August 1996. From January 1995 until August 1996, Mr. Schechter served as General Manager of Super Image, an affiliate of the Company; which operates a form processing service bureau. From August 1993 to December 1994, Mr. Schechter oversaw the start-up of automatic form processing services at Israel Credit Cards, Ltd. From 1991 to 1993, Mr. Schechter was a research scientist at the Horticultural Research Institute of Ontario, Canada. Mr. Schechter is the recipient of eight Honors and Scholarships, has published or presented more than twenty-five articles and is a Captain in the Israeli Air Force. Mr. Schechter received his Ph.D. and M.Sc. in Plant Physiology from the University of Guelph in Ontario, Canada and his B.Sc. from the Hebrew University in Israel.
Arie Rand, CFO
Prior to his appointment as TIS’ Chief Financial Officer, Arie Rand served as Chief Financial Officer at Tescom, a high tech company with 600 employees and several subsidiaries worldwide. Before that, Mr. Rand was a senior manager in the finance department of a major industrial company. Mr. Rand also has several years of experience at one of Israel's leading accounting firms. He holds an M.B.A. in Finance.
Oded Leiba, MD of TIS UK
Oded Leiba is the Managing Director of TIS's UK operations. Prior to that, Oded served as the Company’s VP Professional Services. From May 1999 to May 2001, Oded was the TIS representative in Japan and worked with our exclusive distributor, EDMS for a period of three years. During this period, Oded, along with EDMS, were involved with several major projects in the insurance and medical sectors which helped TIS pave the way for a good relationship with IBM Japan. Prior to his tenure in Japan, Oded Leiba, as technical manager, helped establish a subsidiary of TIS, "Super Image", a service bureau which provided services to insurance companies and government offices. Before joining TIS, Oded Leiba was employed as a senior level programmer at VISA where he was involved in the installation of the first TIS forms-processing system (AFPS) from the client side. Oded Leiba holds a Bachelor of Arts in Computer Science and Business Management from Tel Aviv University.
Ofir Shalev, VP R&D and CTO
Ofir Shalev leads all Top Image Systems research and development activities, and he is responsible for the company's technological roadmap. In this position Mr. Shalev is responsible of answering the current and future needs of the company by merging the two main developments efforts, advanced software engineering technologies and state of the art machine learning algorithms for data classification and recognition. Prior to this Ofir Shalev served as the company’s Director of Recognition for three years. During this period, Mr. Shalev was responsible for the development of Freedom, TIS' semi-structured data module. Before joining TIS, Mr. Shalev served as a senior development leader at the Israeli Defense Force (IDF). Mr. Shalev holds a Master of Science degree in Computer Science (Magna cum laude) from the Open University of Israel with research focused on Machine Learning algorithms, and Bachelor of Science degree from the Technion, the Israeli Institute of Technology.
Michael Schrader, General Manager, Top Image Systems Deutschland
Michael Schrader has served as the manager of TIS’s German operation since 2004. In this position, Mr. Schrader successfully established a solid operation with skilled sales and engineering teams able to respond to the demands of a highly competitive market, and develop superior standardized applications. Mr. Schrader has been with TIS since 1999, and has rapidly progressed within the company, serving as a software engineer, a technical team leader, an international strategic project manager and as the director of engineering for Europe. Prior to joining TIS, Mr. Schrader was a software engineer at Siemens and owned a Document Management consulting and development business. Mr. Schrader holds a B.Sc. of Business Engineering/Administration and is an Associate Engineer of Siemens Technical College.
Osamu Sakio, Representative Director, TIS Japan
Osamu Sakio has been the Representative Director of TIS Japan since its inception in April 2004. Prior to joining TIS Japan, in 1999, Mr. Osamu founded SunTrust International Co., Ltd, a private company that develops automated Inkan matching software together with the Israeli company e-Nkan. This software is still the only software which enables automated Inkan matching. Prior to that, Mr. Sakio worked for Saison Group as the Director of Seibu Department Store, the Director of Saison Corporation and as an Advisor to Saison Information Systems. In these positions, he was involved in restructuring Saison’s overseas operations in China, France, Italy, UK, and USA for more than 10 years. From 1983 to 1988, Mr. Sakio served as the Treasurer of CCKK, a 100% subsidiary of Citicorp, and as Representative Director and Vice President of FNNS, a joint venture of Citibank and Nippon Shinpan. In 1978, Mr. Sakio joined American Express in NY and worked as Senior Internal Auditor. Mr. Sakio holds a Bachelor of Arts from the International Christian University (ICU) in Tokyo and MBA from IMEDE (currently IMD) Lausanne Switzerland.
Alex Toh, MD Asiasoft Global (ASG)
Alex Toh established Asiasoft Global in 2004, merging the new company with Deca Solutions Pte Ltd. A company he previously established to focus on development of enterprise applications as well as turnkey solutions, including Accounting and Freight Management systems. From 2004 to 2007, ASG, under the management of Mr. Toh, opened new offices around the Asia region, acquired associate companies, Research & Development in Capture, Content Management as well as solutions for Shared Services centers. Mr. Toh also secured several major governmental funds and R&D grants which enabled ASG to grow its intellectual property (IP) in this arena. In 2007, Mr. Toh negotiated the acquisition of ASG by TIS following which, he became the head of solutions provider powerhouse in the Far East with leadership in Imaging and Information Management technologies with presence in Asia's major countries. Prior to establishing ASG, Mr. Toh founded Virtual Homes Pte Ltd, an online 3D / VRML company providing users with online 3D designs of their own homes. Mr. Toh is a graduate of the National University of Singapore with a degree from School Of Computing.
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