Date Posted: 8/3/2005
AXS-One Announces Major Contracts, Beating Out Competitors and Boosting Channel Presence
New E-Mail Archiving Deals Represent Wins on Three Continents and Growing Strength in the Channel
RUTHERFORD, N.J., July 28 /PRNewswire-FirstCall/ -- AXS-One Inc. (Amex: AXO - News), a leading provider of high-performance records compliance management software solutions, today announced significant momentum with three major customer wins over the last 60 days, including two closed by a partner. The contracts span three continents and offer further validation of the company's ability to leverage its channel partners to reach and service Global 2000 corporations. With these collective wins -- in one case beating out the installed vendor -- AXS-One further improves its reputation as an emerging leader in the rapidly growing records compliance management software market.
The contracts are as diverse as they are significant. One of the new deals is with a leading international financial services provider representing more than 50,000 user mailboxes, another is with an Australian government agency, and the third is with a leading West Coast health care provider. The last two contracts represent the initial major wins closed by a partner.
"Each of these deals validates our basic proposition: at a time when issues related to compliance, corporate governance and legal discovery are exponentially growing, and the risks associated with the management of electronic content are at unprecedented levels, it is vital to implement records compliance management solutions that were designed specifically to address both issues," said Bill Lyons, CEO, AXS-One. "Today's announcements confirm that AXS-One's offerings address these issues, and we are pleased to work with these high profile companies to solve these critical challenges."
The Market
At a time when content generated via e-mail and Instant Messages has grown substantially-analysts predict that the average number of e-mails sent each day worldwide will hit 36.2 billion in 2006-conventional solutions that rely on backup or traditional archiving fall far short.
The AXS-One Solution
The AXS-One solution was selected specifically for the breadth of its functionality in managing a broad range of e-mail issues. AXS-One Compliance Platform 3.5 with Rapid-AXS addresses what the market needs: a single, integrated solution designed to capture, index, archive, manage, search and audit all electronic records regardless of type, including e-mail, IMs, images and SAP reports. In particular, the patent-pending Rapid-AXS search technology, which has been benchmarked to show a new record for search performance with a very low total cost of ownership, addresses increasingly critical issues related to discovery orders and litigation.
About AXS-One Inc.
AXS-One (Amex: AXO - News) 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.
Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: our ability to recognize any revenue or satisfy all contractual commitments on executed contracts, our ability to achieve annual cost savings; our ability to improve financial and sales performance; potential vulnerability to technological obsolescence; the risks that its current and future products may contain errors or defects that would be difficult and costly to detect and correct; potential difficulties in managing growth; dependence on key personnel; the possible impact of competitive products and pricing; and other risks described in more detail in AXS-One's Securities and Exchange Commission filings.
Company Contact: Media Contact:
Marie-Charlotte Patterson Digs Majumder
AXS-One Inc. Neale-May & Partners
201.372.6243 212.213.5400 x206
mpatterson@axsone.com digs@nealemay.com
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Source: AXS-One Inc.
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