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AXS-One and RedFile Announce Strategic Partnership
Reseller Agreement Will Offer Customers Expanded Choices to Help Optimize
Records Retention and E-mail Archiving for Compliance and Legal Discovery
RUTHERFORD, N.J. and MCLEAN, Va., June 7 /PRNewswire-FirstCall/ -- AXS-One
Inc. (AMEX:AXO), a leading provider of records management and enterprise
content management solutions, and RedFile, a digital risk and information
management solutions provider, today announced a strategic partnership to offer
comprehensive hosted active archival solutions designed to help corporations
meet fluid regulations, expedite legal discovery and streamline records
management.
RedFile will serve as a reseller of the AXS-One(R) Compliance Platform and
AXS-One's e-mail and instant messaging (IM) archive software, and will provide
a hosted option for organizations who wish to outsource their records retention
needs in order to reduce infrastructure requirements, including on- going
administration, thereby allowing them to remain focused on their core business
activities.
"As a market leader, AXS-One is always looking for ways to serve its customers
more effectively," said Peter Mojica, AXS-One's Vice President of Product
Marketing & Business Development. "This is one of the first partnerships in
this space that offers a hosted service model for comprehensive archival and
compliance solutions that covers more than just e-mail. We are confident that
many mid-sized companies will appreciate this option to help them comply with
current and forthcoming regulations without having to commit to additional
internal infrastructure. RedFile's expertise in legal discovery made the
company a great partner for AXS-One as the legal liability associated with
electronic records is a growing concern of organizations today."
The demand for active archiving and open solutions for records retention is
being driven by companies' rising volumes of real-time, data-based
communications and regulatory compliance mandates, including Sarbanes-Oxley,
HIPAA and SEC17a-4, and the persistent threat of litigation. Also, as e-mail
has become the communication channel of choice in business today, the courts
have responded, and more often than not, deemed e-mail as discoverable in court
cases. To address this, organizations need to transition from traditionally
hardware-based storage practices to archival strategies that allow them to
capture, store, retrieve, search, and manage e-mails instantly within their
ever-changing and growing environments over long periods. And while the
current regulatory focus is concentrated in the financial services and
healthcare industries, the legal liability concerns span across all markets.
"We wanted to partner with AXS-One because the company offers the only platform
on the market that goes beyond e-mail and instant messaging," said Dr. Andreas
Scherer, Chief Operating Officer for RedFile. "Litigation costs and fines for
not being compliant with the growing list of industry-specific requirements can
be staggering. The AXS-One Compliance Platform will be an important part of
our strategy to create a flexible and reliable archiving solution for our
customers. The flexibility and scalability of AXS-One's software has been
demonstrated time again for more than a decade within its impressive
client-base. We could not pass up this opportunity to offer a best-choice
solution."
To learn more about AXS-One and RedFile, visit the companies at the SIA 2004
Technology Management Conference taking place June 8-10 at The Hilton New York
in New York City. The companies will be exhibiting in booth #1434.
About AXS-One Inc.
AXS-One (AMEX:AXO) is a leading provider of records management, e-mail and
instant messaging archival management, financial management, and workflow
software to efficiently manage complex business processes. AXS-One has
implemented high-volume, interoperable, scalable, and secure business solutions
for the global 2000. Its Web Services-based technology has been critically
acclaimed as best of class. The AXS-One Compliance Platform Solutions provide
fast deployment of e-mail/instant messaging archival solutions for regulatory
compliance and operational efficiency. AXS-One has offices in worldwide,
including Australia, Canada, Singapore, United Kingdom, United States, and
South Africa. AXS-One was founded in 1978, and is headquartered in Rutherford,
New Jersey, U.S.A. For further information, visit the AXS-One web site at
http://www.axsone.com/.
About RedFile
RedFile is a Digital Risk and Information Management (DRIM) solutions provider.
Founded in 2002, RedFile was created to help organizations accurately assess
digital risk vulnerability and cost effectively implement digital risk
solutions to increase information reliability and shareholder confidence while
reducing overall technical infrastructure expenditures. RedFile specializes in
providing solutions to commercial and governmental organizations to satisfy
increasing regulatory requirements including SEC Rule 17a-3 and 17a-4, HIPAA,
DOD Standard 5015.2 and others. RedFile offers a valuable combination of
expertise and infrastructure. RedFile delivers unparalleled security and
technical capabilities to its clients. RedFile applications are designed to
satisfy critical business needs for disaster recovery, online backup, e-mail
archiving and professional services. In a climate of increasing uncertainty and
complex political regulatory concerns, RedFile is trusted resource for digital
risk and information management. For more information visit
http://www.redfile.com/ or call 877-REDFILE.
This press release contains forward-looking statements. Such statements are
only predictions and actual events or results may differ materially. All
forward-looking statements involve risks and uncertainties, including, without
limitation, the risks detailed in the company's documents and reports filed
from time to time with the Securities and Exchange Commission. AXS-One, the
AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS are registered
trademarks of, and e-Cellerator, AXS Desk, "AXS-One Collaboration FrameWorks,"
SMART, Tivity and AXS-Link 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.
For further information, please contact:
Dawn Ryan Melissa Maslar
AXS-One Inc. RMR & Associates, Inc. for RedFile
201-372-6243 301-217-0009 x 38
Investors:
Matthew Hayden
Hayden Communications, Inc. for AXS-One
858-456-4533
DATASOURCE: AXS-One Inc.; RedFile
CONTACT: Dawn Ryan of AXS-One Inc., +1-201-372-6243, or
; or Melissa Maslar of RMR & Associates, Inc. for RedFile,
+1-301-217-0009 x 38, or ; Investors: Matthew Hayden of Hayden
Communications, Inc. for AXS-One, +1-858-456-4533, or
Web site: http://www.axsone.com/