SOURCE: AXS-One

September 13, 2005 08:25 ET

AXS-One Continues Market Momentum With Two Major Customer Wins

Records Compliance Management Solutions Provider AXS-One Leverages Channel Partners to Win Major Contracts With Bank-Holding Conglomerate, Pharmaceutical Multinational

RUTHERFORD, NJ -- (MARKET WIRE) -- September 13, 2005 -- AXS-One Inc. (AMEX: AXO), a leading provider of high-performance records compliance management software solutions, today announced significant market momentum with two major customer wins. The first new contract is with one of the largest bank-holding companies in the U.S., for which AXS-One will provide a comprehensive records lifecycle management, compliance management and legal discovery solution. The other is with a renowned multi-national pharmaceutical conglomerate, for which AXS-One will initially implement an SAP archiving solution. Further validating AXS-One's channel strategy, both of the newest contracts were signed through partners.

Representing further gains in the marketplace, the new contracts closely follow three major customer wins for AXS-One in the last 90 days -- with a Global 2000 financial services corporation, a West Coast healthcare provider and a foreign government agency. Those deals span three continents and cover a broad range of technology and infrastructure needs.

"The newest contracts confirm our belief that companies are concerned about their total electronic records needs and that it is mission-critical to address a wide spectrum of issues -- regulatory compliance, corporate governance, legal discovery -- when implementing a records compliance management solution," said Bill Lyons, CEO, AXS-One. "Our solutions were developed in an integrated way from the ground up and this helps customers solve challenges arising from managing the complete lifecycle of electronic records -- ingesting, capturing, archiving, searching, retaining and destroying massive amounts of data. Our increasing number of customer wins attests to that fact."

Both of the new contracts illustrate the breadth of functionality provided by AXS-One solutions.

--  In one case, the implementation of the best-in-class AXS-One
    Compliance Platform will allow the company to effectively manage every
    content type, including e-mail, while enhancing efficiencies in two
    critical areas: meeting industry regulations and compliance standards, and
    minimizing the costs involved with ensuring readiness for legal discovery.
    
--  The other contract was signed through an authorized reseller of the
    AXS-One Compliance Platform™. The AXS-One partner provides an AXS-One
    framework that allows companies to address their SAP archiving
    requirements, the integration of intelligent Supplier Invoice capture, and
    e-mail compliance and operational management.
    
About AXS-One Inc.

AXS-One (AMEX: AXO) is a leading provider of high performance Records Compliance Management solutions. The AXS-One Compliance Platform enables organizations to implement secure, scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach-Bliley. AXS-One's award-winning technology has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for e-mail, instant messaging, images, SAP and other corporate records. Founded in 1979, and headquartered in Rutherford, NJ, AXS-One has offices worldwide including in the United States, Australia, Singapore, United Kingdom and South Africa. For further information, visit the AXS-One website at http://www.axsone.com.

AXS-One, the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS are registered trademarks of, and AXS-One Compliance Platform, AXS-One Retention Manager, AXS-One Rapid-AXS, "The Records Compliance Management Company," e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks," SMART, AXS-Link and Tivity are trademarks of, AXS-One Inc., in the U.S. All other company and product names are trademarks or registered trademarks of their respective companies.

Contact Information

  • Company Contact:
    Marie-Charlotte Patterson
    AXS-One Inc.
    201.372.6243
    Email Contact

    Media Contact:
    Digs Majumder
    Neale-May & Partners
    212.213.5400 x 206
    Email Contact