Press Release

Press Release
AXS-One Continues Market Momentum With Two Major Customer Wins

Records compliance management solutions provider AXS-One leverages channel partners to win major contracts with bank-holding conglomerate, pharmaceutical multinational

RUTHERFORD, N.J., September 13, 2005 – 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 AXSOne 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-One's 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 days—with 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 issues—regulatory compliance, corporate governance, legal discovery—when implementing a records compliance management solution,” said Bill Lyons, CEO, AXSOne. “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 records—ingesting, 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 minimizing the costs involved with ensuring readiness for legal discovery.
  • The other contract was signed through an authorized reseller of the AXS-One Compliance Platform™. 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.

About AXS-One Inc.
AXS-One (AMEX: AXO) is a leading provider of high performance 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 award-winning 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 website at http://www.axsone.com.

AXS-One Contact:
Digs Majumder
Neale-May & Partners
212.213.5400 x 206
digs@nealemay.com

Company Contact:
Marie-Charlotte Patterson
AXS-One Inc.
201.372.6243
mpatterson@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, AXS-One Rapid-AXS, "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.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding AXS-One Inc's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.