RUTHERFORD, N.J., September 13, 2005 â AXS-One Inc. (AMEX: AXO), a leading provider of high-performance records compliance management software solutions, today announced significant market momentum with two major customer wins. The first new contract is with one of the largest bank-holding companies in the U.S., for which AXS-One will provide a comprehensive records lifecycle management, compliance management and legal discovery solution. The other is with a renowned multi-national pharmaceutical conglomerate, for which AXS-One will initially implement an SAP archiving solution. Further validating AXS-Oneâs channel strategy, both of the newest contracts were signed through partners.
Representing further gains in the marketplace, the new contracts closely follow three major customer wins for AXS-One in the last 90 daysâwith a Global 2000 financial services corporation, a West Coast healthcare provider and a foreign government agency. Those deals span three continents and cover a broad range of technology and infrastructure needs.
"The newest contracts confirm our belief that companies are concerned about their total electronic records needs and that it is mission-critical to address a wide spectrum of issuesâregulatory compliance, corporate governance, legal discoveryâwhen implementing a records compliance management solution," said Bill Lyons, CEO, AXS-One. "Our solutions were developed in an integrated way from the ground up and this helps customers solve challenges arising from managing the complete lifecycle of electronic recordsâingesting, capturing, archiving, searching, retaining and destroying massive amounts of data. Our increasing number of customer wins attests to that fact."
Both of the new contracts illustrate the breadth of functionality provided by AXS-One solutions.
In one case, the implementation of the best-in-class AXS-One Compliance Platform will allow the company to effectively manage every content type, including e-mail, while enhancing efficiencies in two critical areas: meeting industry regulations and compliance standards, and minimising the costs involved with ensuring readiness for legal discovery.
The other contract was signed through an authorised reseller of the AXS-One Compliance Platformâ¢. The AXS-One partner provides an AXS-One framework that allows companies to address their SAP archiving requirements, the integration of intelligent Supplier Invoice capture, and email compliance and operational management.