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AXS-One Intros Archive Solution

RUTHERFORD, N.J. -- AXS-One (OTCBB: AXSO), a leading provider of scalable, high-performance records compliance management (RCM) solutions, today announced the release of the AXS-One Compliance Platform 3.7, the much-enhanced version of its award-winning flagship product. Optimized for scalability and policy-driven data retention, Version 3.7 is the first and only archiving solution to provide comprehensive, integrated functionality to ensure that records pertaining to a specific case or cases are preserved and managed, in line with litigation hold orders and that an auditable chain of custody supports testimony requirements.

Version 3.7 is dubbed The Data Preservation Edition, and general availability has been timed to coincide with the first anniversary of the amended Federal Rules of Civil Procedure (FRCP). The amendments introduced new rules for the discovery and handling of electronic records in Federal courts, placing additional importance on the need for adequate data preservation as well as introducing a new all-encompassing category of records described as Electronically Stored Information (ESI).

"The FRCP amendments have truly exposed the fragility of so many companies' records management policies and technology. With so much focus on data preservation and strict timelines for discovery orders, customers are starting to re-evaluate their previous technology decisions and are demanding tools that allow them to become pro-active about litigation readiness as well as be able to handle more of the process in-house. As far as the courts are concerned, if a record cannot be found, it may as well not exist. Therefore, even the most careful archiving efforts can be rendered useless without adequate data preservation tools," said Bill Lyons, CEO, AXS-One. "A comprehensive electronic records management system with 'self service' case management tools is exactly what the market is looking for."

AXS-One Inc.