AXS-One Inc, a leading provider of e-business solutions, today announced that it has extended its existing relationship with a leading financial services client.
Through agreements signed at the end of 2002, AXS-One will work with its customer, a global provider of mortgage banking and diversified financial services, to implement a complete disaster recovery and business continuity program, addressing new federal regulations and ensuring mission-critical system availability.
Financial companies around the country are responding to new federal directives requiring all US financial institutions to evaluate and modify their existing disaster recovery and business continuity plans in order to provide for rapid recovery and timely resumption of operations in the event of a wide scale disruption. AXS-One`s AXSPoint solution will help its client meet these needs and will be deployed in a dual-data centre environment in order to comply with the company`s expanding infrastructure and new regulations. Data from the main site will then be replicated at a secondary facility to ensure recovery, seamless operation and availability at all times.
As part of the initiative to implement a program that complies with these new regulations, AXS-One will help its customer upgrade its existing reporting systems to the flexible, Web-based AXSPoint solution and help in implementing the disaster recovery program. A long-time AXS-One customer, the company had previously been using AXS-One products for report and archive retrieval, ranging from billing and customer account information to corporate accounting and exception reports. By upgrading to the AXSPoint solution, the company and its employees will be able to retrieve critical report information via the Web, offering increased flexibility and expanded user accessibility.
"AXS-One is well-positioned to support our customers as they face new and changing demands for security and availability from the government as well as from their customers," commented John Rade, President and Chief Executive Officer of AXS-One. "By implementing our AXSPoint solution as part of a complete disaster recovery and business continuity system, our client will be able to seamlessly address the requirements of today, while preparing for the additional growth of tomorrow."
For further information, please contact Nicky Maredi on telephone (011) 802 4998, fax (011) 802 5161, e-mail nmaredi@axsone.com
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AXS-One (AMEX:AXO - news) is a provider of e-business solutions for global 2000 companies, professional service organisations (PSOs) and financial managers. AXS-One, formerly known as Computron Software, Inc, has implemented high-volume, scalable and secure business solutions for hundreds of customers across the globe. AXS-One has approximately 300 employees in offices worldwide, including Asia, Australia, Canada, UK, US and SA. AXS-One was founded in 1978, and is based in Rutherford, New Jersey. For further information on AXS-One, visit the AXS-One Web site at http://www.axs-one.com/.
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