AXS-One Announces Major Contracts, Beating Out Competitors and Boosting Channel Presence
July 28 2005 - 4:58PM
PR Newswire (US)
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), 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) 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 DATASOURCE:
AXS-One Inc. CONTACT: Company, Marie-Charlotte Patterson of AXS-One
Inc., +1-201-372-6243, ; or Media, Digs Majumder of Neale-May &
Partners, +1-212-213-5400, ext. 206, , for AXS-One Inc. Web site:
http://www.axsone.com/
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