RUTHERFORD, N.J.--(BUSINESS WIRE)--Oct. 28, 2004--

    Matthew Suffoletto, Former President and CEO of IXOS Software,
                          Inc., Joins AXS-One

AXS-One Inc. (AMEX: AXO), a leading provider of records compliance management solutions, today announced that Matthew Suffoletto has joined the company as senior vice president of sales and professional services for North America.

As a member of the AXS-One executive management team, Mr. Suffoletto is responsible for driving sales growth of the company's Enterprise Financials and Records Compliance Management software through optimizing North American sales and professional services operations and leveraging channel opportunities.

A twenty-five year veteran of the IT industry, Mr. Suffoletto joins AXS-One from IXOS Software, Inc. a wholly owned subsidiary of SAP-archiving software vendor IXOS Software AG (acquired by Open Text in October 2003), where he served as president and chief executive officer. Prior to IXOS, Mr. Suffoletto served as chief executive officer of TechTrader. He has also held executive management positions at Primavera Systems Inc. and Lotus Development Corporation. Mr. Suffoletto began his career with IBM, where he held key positions on the sales management team.

The exponential growth in regulatory compliance and corporate governance-related legislation and litigation has created a significant market for software solutions that automate enterprises' records management functions for storage, operational and compliance purposes. Earlier this month, AXS-One announced Version 3 of the AXS-One Compliance Platform(TM), introducing significant new functionality for enterprise records management. The company is focused on significantly growing its revenues in this rapidly expanding market.

"We are extremely pleased that Matt has joined our team," said Bill Lyons, CEO of AXS-One. "Throughout his career, Matt has demonstrated strong leadership skills. This and his proven ability to successfully manage and grow enterprise sales opportunities will benefit both our customers and shareholders."

About AXS-One Inc.

AXS-One (AMEX: AXO) is a leading provider of 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 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 web site 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, "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

    CONTACT: AXS-One Inc.
             Marie-Charlotte Patterson, 201-372-6243
             mpatterson@axsone.com
             or
             Springboard Public Relations
             Brian McManus, 732-863-1900 x 103
             bmcmanus@springboardpr.com

    SOURCE: AXS-One Inc.