New initiatives propel records compliance technology provider toward leadership in rapidly expanding market for hosted solutions
Rutherford, NJ -January 10, 2008 -- AXS-One [OTCBB : AXSO], a leading provider of scalable, high-performance records compliance management (RCM) solutions, today made a significant commitment to the growing hosting market by launching a new division specifically to offer innovative archiving technologies to key providers in the hosting and e-Discovery markets. As part of the new strategy, AXS-One also announced that it has signed reseller agreements with two of the world's major hosting providers to offer a full complement of hosted technologies and services around the AXS-One Compliance Platform(TM).
While AXS-One has long partnered with leading hosting and managed services providers to offer such services, today's announcements effectively propel the company and its solutions into the forefront of the hosting market with a unique combination of innovative technology, market-leading services and brand-name reliability. The agreements come at a time when growth in the market for hosted electronic records management is accelerating. According to research firm IDC, the market for hosted services associated with e-mail archiving alone will reach a CAGR of more than 22% through 2010.
"The increasing level of interest in our archiving software from leading managed services and e-discovery organizations highlights our unique value proposition for this market in terms of functionality, low cost of ownership and domain expertise. By establishing a division within our company to focus on this market and by partnering with these world-class providers, we can offer exactly what this demanding market needs. This will accelerate our R&D and business plans through 2008 to truly capitalize on this market while continuing to grow our direct sales business," said Bill Lyons, CEO of AXS-One.
In the case of e-mail archiving, hosted environments, with mission-critical technology, clearly offer a perfect solution to a complex problem: the already-staggering volume of business e-mail that is set to nearly double in the next two years alone and dealing with other formats that are also increasing. IDC predicts that Instant Messaging is actually growing faster than email, with annual increases of 23.5 percent predicted through 2011. And in a business climate where legal and regulatory imperatives make e-discovery a virtual inevitability, storing and managing electronically stored information is a corporate mandate.
"The market for hosted archiving and e-discovery continues to grow and organizations realize the ever-increasing challenges and complexities required to archive and manage their electronic content not only for their ongoing business operations, but also to ready themselves for potential litigation," said Dan Golding, Research Director at Tier1 Research. "Hosting and managed services providers who want to exploit this opportunity are advised to align themselves with archiving and electronic records management solution providers that have a proven level of experience and expertise in this crucial area."
The AXS-One Compliance Platform provides customers a seamless and easy to implement solution to address the reactive, expensive and labor-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 e-mail and instant messages, reports, SAP documents and data, desktop documents, voice, video and images. The solution, available as a client-side product as well as a hosted offering through AXS-One partners, offers a range of capabilities to address growing concerns and requirements for records management as well as delivering exceptional operational savings and superior ROI.
AXS-One Inc. (OTCBB : AXSO) is a leading provider of scalable, 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. Founded in 1978, and headquartered in Rutherford, NJ, AXS-One has offices worldwide including in the United States, Australia, Hong Kong, Singapore, United Kingdom and South Africa. For further information, visit the AXS-One web site at www.axsone.com.