Press Release
Press Release
| AXS-One Announces Four Customer Wins For AXS-One Compliance Platform™ |
Contracts with new customers in diverse industries around the world confirm need for single digital archiving platform and AXS-One’s high-performance search capabilities Rutherford, NJ December 21, 2005 - AXS-One Inc. (AMEX: AXO), a leading provider of high performance records compliance management software solutions, announced four customer wins in the past 40 days, including three closed with channel partners. The contracts, which collectively span three continents and a variety of vertical industries, demonstrate the worldwide demand for a single digital archiving platform, as well as AXS-One’s market momentum and clear leadership in high-performance search capabilities. Revenue from these deals is expected to be recognized in this quarter, and the Company anticipates future revenue from services and maintenance. “These engagements involve different priorities in very different business environments, yet they all reflect the need for technology and processes that help enterprises cope with rising volumes of content and formats in the face of compliance regulations, business needs and legal mandates,” said Bill Lyons, CEO, AXS-One. “We’re pleased with our recent progress and excited to go forward in 2006 with this wide range of projects, which create further business momentum and solid references for additional prospects.” One contract is with a major International wine producer. Like many corporations in diverse fields, the company was not only facing issues related to compliance and corporate governance but also needed to manage costs associated with its growing Lotus Notes e-mail infrastructure. Finally, it needed to develop a corporate-wide retention schedule. The technology being implemented will help meet all of those goals. Another contract, which was closed with a channel partner, is with one of Australia’s biggest electric utilities. While operating in a very different industry, the business drivers for this enterprise reflect the same global concerns: The need to better manage mailbox and storage issues while ensuring compliance with government and industry regulations. In this case, the AXS-One solution will support a Microsoft Exchange e-mail environment. A third contract, secured in Hong Kong through a channel partner, is with a leading International supermarket chain. The company needed an infrastructure enhancement—including a single platform to enforce retention policies—in order to cope with both storage and corporate governance issues. The solution being implemented includes AXS-Link for Desktop, AXS-Link for Exchange and Retention Manager, and the technology platform is expected to be expanded throughout the company’s North Asian base in 2006. The last contract is with one of the largest banks in Central Europe, which for the third year in a row upgraded its report Archiving System to include Content Manager facilities. The technology, which helps merge existing reports with scanned documents and RDBMS information, is currently used by approximately 3,000 users, and that number is expected to rise to 5,000 in 2006. The Market The new wins not only build on AXS-One’s momentum of customer wins, channel partnerships and technology enhancements, but also on growth in the compliance market. Research firm IDC, for example, estimates spending on compliance technology worldwide this year will reach $7.5 billion, and continue to climb at a blistering 22% annually. Meanwhile, AMR Research expects spending to reach $6.1 billion overall this year issues related to Sarbanes-Oxley requirements alone, with technology outlays accounting for nearly $2 billion of that total. The AXS-One Solution In all of these engagements, the AXS-One solution was selected specifically for the breadth of its functionality in managing a broad range of e-mail and other records management issues. AXS-One Compliance Platform 3.5 with Rapid-AXS offers exactly what the market most needs in this challenging environment: a single, integrated solution designed from the ground up to capture, index, archive, manage, search and audit all electronic records regardless of type, including e-mail, IMs, images and SAP reports. In particular, the patent-pending Rapid-AXS search technology, which has been benchmarked to show a new record for search performance with a very low total cost of ownership, addresses increasingly critical issues related to discovery orders and litigation. About AXS-One Company Contact:: Media Contact:: 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, AXS-Link for Desktop, "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. Special Note Regarding Forward-Looking Statements: A number of statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: our ability to recognize any revenue or satisfy all contractual commitments on executed contracts, our ability to achieve annual cost savings; our ability to improve financial and sales performance; potential vulnerability to technological obsolescence; the risks that its current and future products may contain errors or defects that would be difficult and costly to detect and correct; potential difficulties in managing growth; dependence on key personnel; the possible impact of competitive products and pricing; and other risks described in more detail in AXS-One's Securities and Exchange Commission filings. |
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