August 9, 2005, Waltham, MA & Rutherford, NJ â AmeriVault Corp., a leading provider of data protection services and AXS-One Inc. (AMEX:AXO), a leading provider of high performance records compliance management software solutions, today announced the launch of AmeriVault Archive-Comply, an outsourced service that delivers comprehensive electronic records protection, retention and discovery capabilities. Leveraging the AXS-One Compliance Platform, the new offering is designed to address the needs of a rapidly expanding market: businesses that face intense pressure from the legal, regulatory and IT issues associated with growing electronic content volumes, particularly e-mail and instant messages. While AmeriVault Archive-Comply is proven to scale to meet the needs of larger enterprises, the solution has been optimized to meet the requirements of small and mid-sized businesses looking to better manage the costs and risks associated with exponentially growing electronic content.
AmeriVault Archive-Comply offers outsourcing flexibility for existing and new customers seeking to address a wide range of operational and business challenges surrounding data backup, recovery and preservation. The new offering gives organizations the option of turnkey offsite archiving to address requirements for regulatory compliance such as SEC 17a-4, corporate governance, e-discovery and litigation support, as well as proven cost and operational savings associated with outsourcing mail servers and storage devices. A single outsourced solution, AmeriVault Archive-Comply provides integrated retention and disposition management of electronic records, such as e-mail and instant messages, as well as case management and legal discovery capabilities. Comprehensive audit trail capabilities combined with non-tamperable disk storage, further satisfy compliance mandates and maximize evidentiary weight.
"Customers looking to outsource their e-mail environments today want more than just e-mail hygiene and the possibility of a lower total cost of ownership: Theyâre increasingly looking for enhanced services that will reduce both the cost and risks associated with growing volumes and types of electronic content," said Bill Lyons, CEO of AXS-One. "By leveraging the AXS-One Compliance Platform, AmeriVault Archive-Comply offers organizations a single solution to reduce costs and risks."
The two companies are uniquely suited to deliver this new offering. AmeriVault is a proven leader in disk-to-disk data protection and recovery services, and the companyâs automated online data backup and data replication services are delivered with maximum security, superior service and regulatory compliance. Meanwhile, the AXS-One Compliance Platform has been delivering high-performance, high-scalability digital archiving and electronic records management solutions for some of the worldâs most prestigious financial services, life sciences, manufacturing and technology organizations since 1993.
"The growth of electronic communications, combined with regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA and Gramm-Leach-Bliley, has put great pressure on organizations from a management and IT perspective," said Bud Stoddard, President and CEO of AmeriVault. "We are committed to providing automated solutions to meet compliance and risk challenges, from backup and disaster recovery to archiving of electronic communication."
The solution arrives at a time when companies face more pressure than ever before from growing volumes of contentâand it is not about to change anytime soon. According to research firm IDC, the number of corporate e-mails is predicted to balloon from 9.7 billion in 2000 to 35 billion daily in 2005, while the total number of active Instant Messaging accounts worldwide jumps from an estimated 590 million today to more than 1.4 billion by 2007. As a result, the Radicati Group forecasts that the e-mail archiving market will increase to $4.4 billion by 2009.
The AmeriVault Archive-Comply electronic record archiving and management solution is available immediately and will be priced based on the number of mailboxes and storage volume.