Date Posted: 3/22/2006
AXS-One, OnSite E-Discovery Join Forces to Meet Growing Demand for Integrated Solution to Address Compliance, Document Retention, E-Discovery and Litigation Support
Proactive Solution Will Help Reduce Legal Discovery Costs by Fifty Percent
RUTHERFORD, NJ and ALEXANDRIA, VA--(MARKET WIRE)--Mar 21, 2006 -- OnSite E-Discovery, a Virginia-based global e-discovery and forensics firm serving law firms and corporations, and AXS-One Inc. (AMEX:AXO - News), a leading provider of high performance records compliance management software solutions, today announced a strategic partnership that offers a matchless combination of compliance technology and litigation support. At a time when e-discovery has become a top priority for enterprises, corporate clients can leverage the market-leading AXS-One Compliance Platform(TM) to ensure the compliant retention, complete search and retrieval and litigation case hold of all electronic records, with an auditable chain of custody, and provide OnSite E-Discovery with data files that can be prepared for attorney review, TIFF conversion and production.
There's a growing need in the market for integrated litigation support offerings that can better reduce costs: the Socha-Gelbmann Electronic Discovery Survey estimates that costs related to e-discovery continue to spike upward by more than 50% a year. In today's business environment up to 90% of all corporate documents today exist in electronic form, and e-discovery mandates cover all of that content (rather than just e-mail, which many vendors focus on). The partnership between OnSite E-Discovery and AXS-One offers companies the opportunity to enhance litigation preparedness -- including capabilities around data preservation and litigation hold -- even as they cut costs, and clients' legal counsel can become involved in the review process much earlier. Most importantly, organizations that implement these technologies and services mainly to address regulatory compliance issues can leverage them to drive down the cost of e-discovery, gaining a significant ROI in compliance-related spending.
"In-house counsel knows that lawsuits are virtually inevitable. We live in a litigious environment. The best attorneys want predictable, defensible, instantaneous processes to retrieve on-target work product from internal and remote data warehouses. AXS-One's cutting-edge search technology combined with our tier-one full spectrum e-discovery service gives corporate clients the ability to plan ahead, be proactive and develop a solid business practice approach that has proven to save them time and money," said Mark Hawn, CEO of OnSite E-Discovery.
Both companies bring unique advantages to the table. AXS-One's signature offering, the AXS-One Compliance Platform with patent-pending Rapid-AXS technology, provides a highly flexible, scalable and extensible architecture with a single interface. Corporate users can conduct a federated search that covers all electronic records, including e-mail, instant messages, desktop documents, SAP data and system reports, then review, retrieve and reproduce all necessary content with unmatched speed to meet a court's tight turnaround requirements. Similarly, OnSite E-Discovery is a leading tier-one provider of litigation support services, including paper and electronic discovery, tape restoration, computer forensics, discovery consulting and online review capabilities.
"While some vendors have only recently added archiving features and labeled other functions as incorporating e-discovery, we built the AXS-One Compliance Platform from the ground up to meet those needs -- the underlying architecture enables organizations to ensure the integrity, security, privacy and retention of all electronic records, and our next-generation search technology dramatically improves on-line search performance across massive volumes of archived data in different formats," said Bill Lyons, CEO of AXS-One. "The companies we choose as our partners offer the same level of dedication and innovation, and OnSite E-Discovery is definitely a market leader in this category. We're privileged to work together to offer clients a unique combination of technologies and services that not only cuts costs related to compliance and e-discovery but also enhances legal preparedness and benefits business operations in the long run."
About OnSite E-Discovery
OnSite E-Discovery is a leading tier-one provider of litigation support services, including paper and electronic discovery, tape restoration, computer forensics, discovery consulting and online review capabilities. With over 13 locations nationwide and international operations, we have the resources to handle any case accurately and efficiently, yet we're nimble enough to be activated anytime, anywhere. Early 2006, OnSite E-Discovery received an equity investment from Boston-based venture capital firm Summit Partners. The investment propels our global operations and e-discovery service expansion. No matter what direction the discovery process takes you, our credentialed staff, proven methodologies and advanced technologies are ready to reduce your risk and save you time. For more information, call 1-877-433-5227 or visit the web at www.onss.com.
About 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, AXS-Link for Desktop, "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:
Company Contacts:
Tom Strack
OnSite E-Discovery
Alexandria, VA 22314
404.592.1865
Email Contact
Marie-Charlotte Patterson
AXS-One Inc.
Rutherford, NJ
201.372.6243
Email Contact
Media Contacts:
Carolyn Depko
LegalVoice
Director of Media Relations
732.679.1347
Email Contact
Digs Majumder
Neale-May & Partners
212.213.5400
Email Contact
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Source: AXS-One
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