AXS-One and RenewData Introduce Integrated, Enterprise Solution for Proactive Litigation Readiness
Consolidated Software and Services Enable Corporations to Minimize the Costs and Risks Associated with eDiscovery
RUTHERFORD, NJ and AUSTIN, TX - February 4, 2008 - AXS-One [OTCBB: AXSO], a leading provider of scalable, high-performance records compliance management (RCM) solutions, and
RenewData, a leading provider of e-discovery and electronically stored information risk management ESIRM services, today announced an agreement that will deliver a complete offering for
enterprise-class proactive litigation readiness. An industry first, the solution leverages RenewData's market leading non-native data extraction, file filtering and data processing technology
and processes and AXS-One's award-winning archiving and records management software platform.
This consolidated offering enables IT and litigation teams to proactively plan for and manage the processing of all electronically stored information (ESI) required for litigation - identify,
analyze, collect, archive, preserve, cull, review, produce and destroy. Uniquely, the entire process provides a legally defensible chain-of-custody process that will enable users to demonstrate the
disposition of all pertinent records in their custody.
The solution includes RenewData's forensic collection, data extraction and processing of historical data and backup tapes with AXS-One's archival and indexing of all ESI. These archive records
can include electronic record types including e-mail, PST files, records stored in file systems, reports, desktop documents and images. Leveraging AXS-One's single, integrated archiving repository,
all records pertaining to a specific case or cases can be preserved and managed, in line with litigation hold orders. Organizations now will have an unprecedented level of capability in records
management, allowing them to archive all records, including historical data, within a designated central repository. Additionally, the solution provides corporations with the ability to use AXS-One's
tools to search the archive for potentially responsive information and to utilize RenewData's hosted tools for comprehensive litigation review and production.
The solution directly addresses the requirements introduced at the end of 2006 by the amended Federal Rules of Civil Procedure (FRCP), which has stimulated organizations to get their electronic
records in order or suffer the consequences in the judicial system. To meet FRCP regulations, which require corporations to quickly produce large or specific volumes of data, organizations must have
forensically sound chain-of-custody procedures and archiving abilities to ensure data is handled appropriately in the event of litigation.
"The AXS-One Compliance Platform coupled with RenewData's ESIRM services creates an end-to-end solution that truly addresses current legal realities and can support a company in the event of
litigation. The solution not only creates a single repository for all data, but also provides for the secure retention and disposition of it. Until now, there was a disconnect between the management
of historical data and that of current data, which presented a challenge and a potential liability for corporations in terms of records management and archiving," said Bill Lyons, CEO, AXS-One. "Other
products only address a portion of the electronic records lifecycle, but this is a complete solution that provides identification, de-duplication, reduction, consolidation and archiving processes
resulting in the ability to proactively manage, retain, preserve, hold, export, and dispose of current and historical data."
"RenewData's ESIRM Services have given corporations the ability to identify, de-duplicate, and reduce large amounts of data stored on backup tapes. With this joint solution, corporations can
actively archive current data together with large stores of backup tapes or other disparate legacy formats. Given the costs and risks associated with e-discovery, corporations must gain control of
all their records including historical information. Corporations need to inventory the electronic records they have, develop retention policies and put those records in a central archive which can be
managed and accessed in the future to ensure they are litigation-ready," said Ellery Buchanan, CEO, RenewData.
"Developments in the legal and regulatory landscape are compelling organizations to formalize and execute records and information management policies," said Vivian Tero, Program Manager, Compliance
Infrastructure, IDC. "Archival solutions that can extend support beyond email to multiple file and content types and that include integrated functionality for legal, compliance, and operational
worfklows are designed to address this need."
About AXS-One
AXS-One Inc. (OTCBB: AXO) is a leading provider of high performance Records Compliance Management solutions. The AXS-One Compliance Platform enables organizations to implement secure,
scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach Bliley. Founded in 1978, and headquartered in Rutherford, NJ, AXS-One has offices worldwide including in the United States, Australia, Hong Kong, Singapore, United Kingdom and South Africa. For further information, visit the AXS-One web site at www.axsone.com.
AXS-One, the AXS-One logo, "Access Tomorrow Today," and AXSPoint are registered trademarks of, and AXS-One Compliance Platform, AXS-One Central, AXS-One Retention Manager, AXS-One
Rapid-AXS, AXS-Link for Desktop, AXS-Link for SAP, AXS-Link for Lotus Notes, AXS-Link for Microsoft Exchange, AXS-One Data Archive Translator, AXS-Link for File System Archiving, AXS-Link for .PST Management, AXS-One Supervision, AXS-One Case Management, "The Records Compliance Management Company" and AXS-Link are trademarks of, AXS-One Inc., in the U.S.
About RenewData
RenewData® is a trusted provider of services for the discovery, archiving, and governance of electronically stored information (ESI) to help organizations proactively manage the inherent risks associated with ESI. RenewData leverages unique and scalable technology, superior legal and technical expertise, and a high security facility to deliver defensible, accessible, and manageable data to our clients in a cost-effective and timely manner. RenewData has been ranked a top provider for four consecutive years in the Socha-Gelbmann Electronic Discovery Survey Report and included for three years in Inc. Magazine's list of fastest-growing privately held companies. For more information, visit www.renewdata.com or call 888.811.3789.
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