It looks like Top Image Systems 2004 acquisition of Japanese reseller Toyo, Inc, is starting to pay off. TIS Corporate recently reported that TIS Japan would account for 20% of the company’s revenue in 2005. Through the first three quarters of 2005, TIS had reported 63% growth over 2004, and a conservative estimate would place its 2005 corporate revenue at $16 million. This means TIS Japan accounted for a little over $3 million with TIS counting on it to grow to more than $5 million in 2006.
1. THE WESTERN EUROPEAN MARKET 1.1 MARKET STATS The total Western European single-function toner/laser page printer (SFP) market decreased by 15% in FY 2023 compared...