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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/