AXS-One [OTCBB:AXSO], a leading provider of scalable, high-performance records compliance management (RCM) solutions, today announced the release of the AXS-One Compliance Platform 3.7, the much-enhanced version of its award-winning flagship product.

Optimised for scalability and policy-driven data retention, Version 3.7 is the first and only archiving solution to provide comprehensive, integrated functionality to ensure that records pertaining to a specific case or cases are preserved and managed, in line with litigation hold orders and that an auditable chain of custody supports testimony requirements.

Dubbed the Data Preservation Edition, Version 3.7 addresses current legislation in Australia, such as the Victorian Crimes Act (Document Destruction), which includes penalties for deleting documents and emails that are likely to be required in legal proceedings.

Further, new e-Discovery rules being developed for the Federal Court of Australia are expected to impose strict obligations on companies on their handling of electronically stored information and ensuring its availability for commercial litigation. It will require CIO’s to take a more active role in their organisation’s legal affairs. IT now has to balance operational issues whilst acting in a way that ensures the company is compliant with document retention and destruction regulations, such as the Corporations Act 2001 (C’wealth).

"With so much focus on data preservation and strict timelines for discovery orders, companies are starting to re-evaluate their previous technology decisions and are demanding tools that allow them to become pro-active about litigation readiness. Most are also looking to handle more of the process in-house," said David Thompson, vice president of AXS-One Asia Pacific.

"A comprehensive electronic records management system with a feature-rich case management tool is exactly what the market is looking for. It enables a legal representative to pro-actively manage e-discovery requirements and ongoing investigations without having to involve IT," said Thompson.

The Data Preservation Edition also addresses the recently amended (US) Federal Rules of Civil Procedure (FRCP), making it relevant for any company in Australia with associations in the United States.

The AXS-One Data Preservation Edition specifically introduces extensively enhanced workflow-based case management capabilities, improved PST and File System Archiving functionality, enhancements to Microsoft Exchange and Lotus Notes and Domino email archiving modules (including support for Microsoft Exchange 2007 and Notes/Domino 8), significant enhancement to reporting and the introduction of an online monitoring dashboard as well as simplifying product administration and minimising training requirements, by adopting native user interfaces.

AXS-One, unlike other archiving providers, is solely focused on electronic records management software. Building on its fifteen years of domain expertise, the company has focussed resources on updating its flagship product to meet customer requirements and address the industry's massively evolving demands.

"With customers archiving hundreds of gigabytes of data per day on the one hand and balancing the data preservation implications of many concurrent cases on the other, the Data Preservation Edition builds on our heritage of single platform and scalability to introduce the industry's first data preservation and case management solution," said Thompson.

The AXS-One Compliance Platform provides customers with a seamless and easy to implement solution to address the reactive, expensive and labour-intensive responses to litigation and e-discovery. This is achieved through a single archiving and electronic records management software platform. The platform handles policy-based management of disparate electronic records, including email and instant messages, reports, SAP documents and data, desktop documents, voice, video and images.

The solution offers a range of capabilities to address growing concerns and requirements for records management as well as delivering exceptional operational savings and superior ROI.

About AXS-One AXS-One Inc. (OTCBB:AXSO) is a leading provider of high-performance Records Compliance Management solutions. The AXS-One Compliance Platform enables organisations to implement secure, scalable and enforceable policies that address records management for corporate governance and legal discovery, as well as industry and state regulations for records retention such as Australian Standards of Compliance and Records Management, and Sarbanes-Oxley. Founded in 1978, and headquartered in Rutherford, NJ, AXS-One has offices worldwide including in Australia, Singapore, Hong Kong, the United States, the United Kingdom and South Africa. For further information, visit the AXS-One web site at http://www.axsone.com.au