AXS-One and RedFile Announce Strategic Partnership
June 07 2004 - 9:30AM
PR Newswire (US)
AXS-One and RedFile Announce Strategic Partnership Reseller
Agreement Will Offer Customers Expanded Choices to Help Optimize
Records Retention and E-mail Archiving for Compliance and Legal
Discovery RUTHERFORD, N.J. and MCLEAN, Va., June 7
/PRNewswire-FirstCall/ -- AXS-One Inc. (AMEX:AXO), a leading
provider of records management and enterprise content management
solutions, and RedFile, a digital risk and information management
solutions provider, today announced a strategic partnership to
offer comprehensive hosted active archival solutions designed to
help corporations meet fluid regulations, expedite legal discovery
and streamline records management. RedFile will serve as a reseller
of the AXS-One(R) Compliance Platform and AXS-One's e-mail and
instant messaging (IM) archive software, and will provide a hosted
option for organizations who wish to outsource their records
retention needs in order to reduce infrastructure requirements,
including on- going administration, thereby allowing them to remain
focused on their core business activities. "As a market leader,
AXS-One is always looking for ways to serve its customers more
effectively," said Peter Mojica, AXS-One's Vice President of
Product Marketing & Business Development. "This is one of the
first partnerships in this space that offers a hosted service model
for comprehensive archival and compliance solutions that covers
more than just e-mail. We are confident that many mid-sized
companies will appreciate this option to help them comply with
current and forthcoming regulations without having to commit to
additional internal infrastructure. RedFile's expertise in legal
discovery made the company a great partner for AXS-One as the legal
liability associated with electronic records is a growing concern
of organizations today." The demand for active archiving and open
solutions for records retention is being driven by companies'
rising volumes of real-time, data-based communications and
regulatory compliance mandates, including Sarbanes-Oxley, HIPAA and
SEC17a-4, and the persistent threat of litigation. Also, as e-mail
has become the communication channel of choice in business today,
the courts have responded, and more often than not, deemed e-mail
as discoverable in court cases. To address this, organizations need
to transition from traditionally hardware-based storage practices
to archival strategies that allow them to capture, store, retrieve,
search, and manage e-mails instantly within their ever-changing and
growing environments over long periods. And while the current
regulatory focus is concentrated in the financial services and
healthcare industries, the legal liability concerns span across all
markets. "We wanted to partner with AXS-One because the company
offers the only platform on the market that goes beyond e-mail and
instant messaging," said Dr. Andreas Scherer, Chief Operating
Officer for RedFile. "Litigation costs and fines for not being
compliant with the growing list of industry-specific requirements
can be staggering. The AXS-One Compliance Platform will be an
important part of our strategy to create a flexible and reliable
archiving solution for our customers. The flexibility and
scalability of AXS-One's software has been demonstrated time again
for more than a decade within its impressive client-base. We could
not pass up this opportunity to offer a best-choice solution." To
learn more about AXS-One and RedFile, visit the companies at the
SIA 2004 Technology Management Conference taking place June 8-10 at
The Hilton New York in New York City. The companies will be
exhibiting in booth #1434. About AXS-One Inc. AXS-One (AMEX:AXO) is
a leading provider of records management, e-mail and instant
messaging archival management, financial management, and workflow
software to efficiently manage complex business processes. AXS-One
has implemented high-volume, interoperable, scalable, and secure
business solutions for the global 2000. Its Web Services-based
technology has been critically acclaimed as best of class. The
AXS-One Compliance Platform Solutions provide fast deployment of
e-mail/instant messaging archival solutions for regulatory
compliance and operational efficiency. AXS-One has offices in
worldwide, including Australia, Canada, Singapore, United Kingdom,
United States, and South Africa. AXS-One was founded in 1978, and
is headquartered in Rutherford, New Jersey, U.S.A. For further
information, visit the AXS-One web site at http://www.axsone.com/.
About RedFile RedFile is a Digital Risk and Information Management
(DRIM) solutions provider. Founded in 2002, RedFile was created to
help organizations accurately assess digital risk vulnerability and
cost effectively implement digital risk solutions to increase
information reliability and shareholder confidence while reducing
overall technical infrastructure expenditures. RedFile specializes
in providing solutions to commercial and governmental organizations
to satisfy increasing regulatory requirements including SEC Rule
17a-3 and 17a-4, HIPAA, DOD Standard 5015.2 and others. RedFile
offers a valuable combination of expertise and infrastructure.
RedFile delivers unparalleled security and technical capabilities
to its clients. RedFile applications are designed to satisfy
critical business needs for disaster recovery, online backup,
e-mail archiving and professional services. In a climate of
increasing uncertainty and complex political regulatory concerns,
RedFile is trusted resource for digital risk and information
management. For more information visit http://www.redfile.com/ or
call 877-REDFILE. This press release contains forward-looking
statements. Such statements are only predictions and actual events
or results may differ materially. All forward-looking statements
involve risks and uncertainties, including, without limitation, the
risks detailed in the company's documents and reports filed from
time to time with the Securities and Exchange Commission. AXS-One,
the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS
are registered trademarks of, and e-Cellerator, AXS Desk, "AXS-One
Collaboration FrameWorks," SMART, Tivity 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. For further information, please contact: Dawn
Ryan Melissa Maslar AXS-One Inc. RMR & Associates, Inc. for
RedFile 201-372-6243 301-217-0009 x 38 Investors: Matthew Hayden
Hayden Communications, Inc. for AXS-One 858-456-4533 DATASOURCE:
AXS-One Inc.; RedFile CONTACT: Dawn Ryan of AXS-One Inc.,
+1-201-372-6243, or ; or Melissa Maslar of RMR & Associates,
Inc. for RedFile, +1-301-217-0009 x 38, or ; Investors: Matthew
Hayden of Hayden Communications, Inc. for AXS-One, +1-858-456-4533,
or Web site: http://www.axsone.com/
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