Raymond James Financial Taps AXS-One for Compliance Solution
April 23 2004 - 10:00AM
PR Newswire (US)
Raymond James Financial Taps AXS-One for Compliance Solution
Purchase of 12,500 AXS-One Compliance Platform Licenses will Help
Raymond James Financial Meet Constantly-Evolving Corporate
Compliance Regulations RUTHERFORD, N.J., April 23
/PRNewswire-FirstCall/ -- AXS-One Inc. , a leading provider of
records management and enterprise content management solutions,
today announced that Raymond James Financial, Inc., one of the
largest financial service firms in the United States, has selected
its AXS-One(R) Compliance Platform to facilitate the company's
compliance and email management operations. Under the terms of the
deal signed in March 2004, Raymond James Financial will receive
12,500 licenses for AXS-One compliance solutions to help meet
constantly-evolving federal corporate compliance regulations by
effectively collecting, archiving and managing critical business
data, including email communications, across its 2,200 locations
worldwide. The AXS-One Compliance Platform will be implemented
within the company's existing infrastructure of Microsoft(R)
Exchange 2000 servers running in a Windows(R) 2000 environment.
"Raymond James Financial is a highly valued customer for AXS-One,
and this contract in a new area further reinforces the solid
foundation of our established business relationship," John Rade,
President and CEO of AXS-One, said. "The confidence placed in the
AXS-One Compliance Platform by Raymond James' team is extremely
rewarding, and it highlights the solution's value to the industry."
He continued, "Equally gratifying is that this contract was won in
head-to-head competition against other e-mail management vendors,
confirming once more AXS-One's leadership in this market." The
AXS-One Compliance Platform helps regulated organizations meet
fluid compliance mandates, including SEC17a-4, NASD 3010 &
3110, Sarbanes-Oxley, HIPAA, and others. It is designed to help
these companies protect and utilize corporate information as an
asset, while reducing operational bottlenecks and potential
liabilities. Implementation of the AXS-One Compliance Platform is
currently underway at Raymond James Financial, and officials there
expect to have the system fully operational within six weeks. About
Raymond James Financial Raymond James Financial (NYSE:RJF) provides
financial services to individuals, corporations and municipalities
through its three wholly owned investment firms, Raymond James
& Associates, Raymond James Financial Services and Raymond
James Ltd., which have more than 5,000 financial advisors serving
1.2 million accounts in 2,200 locations throughout the United
States and internationally. In addition, total client assets are
currently over $100 billion, of which more than $21 billion are
managed by the firm's asset management subsidiaries. About AXS-One
AXS-One (AMEX:AXO) is a provider of supply chain management
solutions for service industries that extend the finance function
and allow organizations to work collaboratively with their
partners, suppliers, employees, and customers while preserving
investments in existing systems. 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. AXS-One has approximately
250 employees in offices worldwide, including Australia, Canada,
Singapore, United Kingdom, United States, and South Africa. AXS-One
was founded in 1978, and is based in Rutherford, New Jersey, U.S.A.
For further information, visit the AXS-One web site at
http://www.axsone.com/. 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,
AXS-Link and Tivity 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. Press Contacts: AXS-One
Raymond James Financial Dawn Ryan Norm King (201) 372-6243 (727)
567-1308 DATASOURCE: AXS-One Inc. CONTACT: Dawn Ryan, AXS-One,
+1-201-372-6243, ; Norm King, Raymond James Financial,
+1-727-567-1308, Web site: http://www.axsone.com/
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