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AXS-One Announces Strong Start to Second Quarter 2008 License Revenue

  • 08 May, 2008 11:21

<p>AXS-One Inc., a leading provider of high-performance records compliance management (RCM) solutions, has announced a number of contract wins, all signed during April 2008. These wins, which include a major competitive replacement contract, signal a positive start to the company's second quarter 2008 revenue growth.</p>
<p>AXS-One announced that as at 30 April 2008, it has closed some further large deals and as a result is on track to continue its momentum of license and revenue growth through the second quarter. Today's announcement follows on the heels of AXS-One's first quarter 2008 financial results and the announcement of the company's best-ever quarter for RCM revenues.</p>
<p>The new or expanding customers include an Australian tertiary education institution, an Asian bank, a major US law firm and an international healthcare services company, where AXS-One replaced a failed implementation from a competitor.</p>
<p>The healthcare services customer chose AXS-One after an extensive production test of the AXS-One Compliance Platform , which included scalability, usability and performance testing on a Windows server using VMWare against production data. The customer will initially be going live with 25,000 users, deploying AXS-One's integrated solution for Lotus Notes archiving, mailbox management, retention management and litigation readiness.</p>
<p>David Thompson, vice president Asia Pacific for AXS-One said the company is beginning to see strong market demand for policy-based archiving solutions.</p>
<p>"We are also seeing the early adopters review their initial archiving decisions and make new buying decisions based on changing regulatory requirements and new technologies.The business that was closed in April, particularly where we replaced a failed implementation by a competitor, represents a strong validation of our award-winning AXS-One Compliance Platform flagship product.</p>
<p>"As demand for scalable archiving solutions continues to increase, it's clear that AXS-One is extending its market leadership by delivering a rich set of features and functionality with the lowest infrastructure costs as well as fast implementation," said Thompson.</p>
<p>The AXS-One Compliance Platform provides a single, scalable archiving and electronic records management software platform for policy-based management of disparate electronic records (including e-mail and instant messages, reports, SAP output, desktop documents and images). The solution features a broad range of capabilities to address growing requirements for risk management, e-discovery and regulatory compliance, as well as delivering exceptional operational savings and superior ROI.</p>
<p>ENDS</p>
<p>For further enquiries contact WMC Public Relations Pty Ltd, visit www.axsone.com.au or call 1300 887 663</p>
<p>About AXS-One
AXS-One Inc. (OTCBB: AXSO - News) is a leading provider of high performance Records Compliance Management software 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 1978, 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.au</p>
<p>AXS-One, the AXS-One logo, "Access Tomorrow Today," and AXSPoint are registered trademarks of, and AXS-One Compliance Platform, AXS-One Central, AXS-One Retention Manager, AXS-One Rapid-AXS, AXS-Link for Desktop, AXS-Link for SAP, AXS-Link for Lotus Notes, AXS-Link for Microsoft Exchange, AXS-One Data Archive Translator, AXS-Link for File System Archiving, AXS-Link for .PST Management, AXS-One Supervision, AXS-One Case Management, "The Records Compliance Management Company" and AXS-Link 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.</p>
<p>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 improve financial and sales performance; risks relating to liquidity; potential vulnerability to technological obsolescence; the risks that our 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 most current Form 10-K and other subsequent Securities and Exchange Commission filings.</p>

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