Companies Totaling More Than $100B in Revenue Select Axentis' Managed Service Offering for Internal Controls and Incident Management in First Quarter of 2005

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Companies Totaling More Than $100B in Revenue Select Axentis' Managed Service Offering for Internal Controls and Incident Manage

By: PR Newswire

Apr. 14, 2005 01:45 PM

CLEVELAND, April 14 /PRNewswire/ -- Axentis, the leading provider of governance, risk and compliance (GRC) management solutions, announced today that companies with annual revenues totaling more than $100 billion chose Axentis in the first quarter to help manage requirements associated with a wide assortment of regulations and mandates, ranging from Sarbanes-Oxley to HIPAA.

Following a successful 2004 which saw the company's worldwide user base climb past 600,000, Axentis continued its momentum in Q1 by securing new customers in the financial services, pharmaceutical, medical devices, manufacturing, energy and real estate industries. Additionally, several existing customers expanded their relationships with Axentis during the quarter, affirming the company's proven capabilities extend well beyond Sarbanes-Oxley and COSO.

"A key part of Axentis' continued success is our unique managed service approach which features SAS70 Type II certification and a global hosting environment," said Ted Frank, Axentis president. "This offering allows our software to be quickly deployed on a worldwide scale, easily integrated with existing systems and updated instantly as regulations change - features which continue to attract the largest and most sophisticated enterprises."

About Axentis

Founded in 1999 with the mission to develop the first broad governance, risk and compliance (GRC) technology framework, Axentis delivers software addressing specific compliance requirements. With 600,000+ users in 100+ countries representing $700B in combined revenue, more Global 2000 companies depend on Axentis than any other source. A sampling of regulations currently supported includes Sarbanes-Oxley, CobiT, HIPAA, anti-trust and general risk and incident management. Axentis is also a founding member of the Compliance Consortium. For additional information, call (800) 955-2706 or visit http://www.axentis.com/ .

Axentis

CONTACT: Gil Chorbajian of Ogilvy Public Relations Worldwide,
+1-518-355-0966, or gil.chorbajian@ogilvypr.com

Web site: http://www.axentis.com/

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