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. (Amex: AXO), 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.
AXS-One Springboard Public Relations
Dawn Ryan Brian McManus
(201) 372-6243 (732) 863-1900 x 103
dryan@axsone.com bmcmanus@springboardpr.com
