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Raymond James Financial Taps AXS-One for Compliance Solution
Purchase of 12,500 AXS-One Compliance Platform Licenses will Help Raymond James
Financial Meet Constantly-Evolving Corporate Compliance Regulations
RUTHERFORD, N.J., April 23 /PRNewswire-FirstCall/ -- AXS-One Inc. , a leading
provider of records management and enterprise content management solutions,
today announced that Raymond James Financial, Inc., one of the largest
financial service firms in the United States, has selected its AXS-One(R)
Compliance Platform to facilitate the company's compliance and email management
operations.
Under the terms of the deal signed in March 2004, Raymond James Financial will
receive 12,500 licenses for AXS-One compliance solutions to help meet
constantly-evolving federal corporate compliance regulations by effectively
collecting, archiving and managing critical business data, including email
communications, across its 2,200 locations worldwide.
The AXS-One Compliance Platform will be implemented within the company's
existing infrastructure of Microsoft(R) Exchange 2000 servers running in a
Windows(R) 2000 environment.
"Raymond James Financial is a highly valued customer for AXS-One, and this
contract in a new area further reinforces the solid foundation of our
established business relationship," John Rade, President and CEO of AXS-One,
said. "The confidence placed in the AXS-One Compliance Platform by Raymond
James' team is extremely rewarding, and it highlights the solution's value to
the industry." He continued, "Equally gratifying is that this contract was won
in head-to-head competition against other e-mail management vendors, confirming
once more AXS-One's leadership in this market."
The AXS-One Compliance Platform helps regulated organizations meet fluid
compliance mandates, including SEC17a-4, NASD 3010 & 3110, Sarbanes-Oxley,
HIPAA, and others. It is designed to help these companies protect and utilize
corporate information as an asset, while reducing operational bottlenecks and
potential liabilities.
Implementation of the AXS-One Compliance Platform is currently underway at
Raymond James Financial, and officials there expect to have the system fully
operational within six weeks.
About Raymond James Financial
Raymond James Financial (NYSE:RJF) provides financial services to individuals,
corporations and municipalities through its three wholly owned investment
firms, Raymond James & Associates, Raymond James Financial Services and Raymond
James Ltd., which have more than 5,000 financial advisors serving 1.2 million
accounts in 2,200 locations throughout the United States and internationally.
In addition, total client assets are currently over $100 billion, of which more
than $21 billion are managed by the firm's asset management subsidiaries.
About AXS-One
AXS-One (AMEX:AXO) is a provider of supply chain management solutions for
service industries that extend the finance function and allow organizations to
work collaboratively with their partners, suppliers, employees, and customers
while preserving investments in existing systems. 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. AXS-One has approximately 250 employees in offices
worldwide, including Australia, Canada, Singapore, United Kingdom, United
States, and South Africa. AXS-One was founded in 1978, and is based in
Rutherford, New Jersey, U.S.A. For further information, visit the AXS-One web
site at http://www.axsone.com/.
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, 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.
Press Contacts:
AXS-One Raymond James Financial
Dawn Ryan Norm King
(201) 372-6243 (727) 567-1308
DATASOURCE: AXS-One Inc.
CONTACT: Dawn Ryan, AXS-One, +1-201-372-6243, ; Norm
King, Raymond James Financial, +1-727-567-1308,
Web site: http://www.axsone.com/