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-Oneâs 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. "Weâre 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 Australiaâs 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. This page was created using easyPDF demo software. storage and corporate governance issues. The solution being implemented includes AXSLink for Desktop, AXS-Link for Exchange and Retention Manager, and the technology platform is expected to be expanded throughout the companyâs 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.