sarbanes-oxley world

1-Vault in SAS 70 Type II Certification

2009-12-22T13:43:00.000-08:00

1Vault Networks (http://www.1vault.net/), a Category 5 hurricane-rated data colocation facility in Fort Lauderdale, today announced it has met the rigorous requirements for the Statement of Auditing Standards No. 70 (SAS 70) and has achieved the highly-sought-after SAS 70 Type II certification.

SAS 70 Solutions, a nationally recognized independent auditing firm, performed the extensive audit, covering April 15 to October 15, 2008.

SAS 70 is an acronym for the American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standards (SAS) No. 70 titled "Reports on the Processing of Transactions by Service Organizations." SAS No. 70 defines the professional standards used by a service auditor to assess the internal controls of a service organization and issue a service auditor's report.

In order to complete the audit, 1Vault management developed objectives for the significant areas of internal control, including control environment, physical security, environmental protection, computer operations, information security, application development and maintenance activities, data communications and application controls.

"We are excited about completing the SAS 70 II certification process," said Kevin Bly, Vice President of Business Development for 1Vault Networks. "1Vault's top priority is to mitigate our customer's risk and provide the services necessary to keep their business in business. Because our clients range from financial institutions to medical firms and government agencies, the SAS type II compliance is a requirement and the 1Vault controls put in place make it easier for them to focus on their primary business."

In addition to data colocation, 1Vault offers businesses and governmental agencies hosted IT services and disaster recovery suites. The high-tech facility provides a fully redundant infrastructure with utility power feeds backed by maximum-load generator support, A/C chillers for environmental control and a raised floor data center with full 9' ceiling height.

The state-of-the-art data center, located in Fort Lauderdale, Florida can withstand disruption caused by natural disaster, system failure or human intervention. The company's comprehensive plan covers business continuity, disaster recovery suites and seats, high-speed IP connectivity, self-contained power supply, support services, Iron Mountain SAN backup and recovery and SAS 70, Sarbanes-Oxley and HIPAA audit compliance certifications.

Verizon Business

2009-02-28T15:20:00.000-08:00

Verizon Business has successfully completed its annual SAS 70 Type II examination for the company's Remote IP Application Management Operations Centers in San Francisco and London, for the fourth consecutive year.

The company uses the centers to remotely manage and monitor its customers' critical applications and infrastructure, around the world. Third-party auditor Moss Adams examined the centers, closely reviewing and testing the control environment and corresponding internal controls for the monitoring and management services provided by Verizon Business. Specifically, Moss Adams examined control objectives in the areas of organizational structure, governance and administration; physical and environmental controls; logical access controls; and system availability and performance.

"Completing our SAS 70 examination each year demonstrates our unwavering commitment to delivering exceptional IT value to our customers," said Kerry Bailey, senior vice president, global services, Verizon Business. "With our deep expertise and world-class capabilities, Verizon Business is well-positioned to help its customers address their most challenging IT issues."

Verizon Business Remote IP Application Management services are engineered to keep customer applications and infrastructure functional, responsive and secure. The robust offering provides comprehensive monitoring and management of business-critical customer applications.

Outsourcing IT responsibilities to Verizon Business enables customers to benefit from high availability and exceptional performance while controlling operational costs. Customers can rely on Verizon Business Remote IP Application Management Operations Centers round-the-clock, year-round. They are staffed with skilled engineers, advanced operations platform technology and standards-based processes to manage customers' infrastructure and applications.

University of Texas Selects Configuresoft

2009-02-06T14:35:00.000-08:00

The University of Texas (UT) System has selected Configuresoft's Enterprise Configuration Manager (ECM) and Configuration Intelligence Analytics (CIA) to be made available to all UT institutions, including 15 campuses, the University of Texas Investment Management Company (UTIMCO) and UT System Administration. The cross-platform deployment will enable UT institutions to establish and ensure ongoing compliance with current and future IT configuration and security protocols across Windows, UNIX, Linux and Mac OS platforms.

"Configuration management is a cornerstone strategy for improving information security across the UT System," said Lewis Watkins, Chief Information Security Officer with UT System. By using ECM, UT institutions are able to collect highly detailed critical configuration data from every Windows, UNIX, Linux and Mac OS workstation and server on the network. ECM provides comprehensive data collection and auditing capability and consolidates the information in a configuration management database (CMDB) for immediate access, analysis and reporting-essential functions for maintaining security and compliance. By focusing on proper internal controls and auditing, institutions are not only able to conduct the due diligence required for compliance with regulations, but more importantly, are able to maintain better performance in the long run.

"Security configuration management tools combine vulnerability assessment, patch management, automated remediation, and configuration compliance capabilities. They give organizations the ability to assess system configurations against known vulnerabilities and desired corporate compliance policies and take the appropriate actions," said David Friedlander, Senior Analyst, Forrester, Inc. "The best tools allow a seamless transition from assessment to configuration and remediation."
"Configuresoft is excited to add UT System to its growing list of large customers," said Michael Dunbar, Executive Vice President, Global Sales & Operations for Configuresoft. "UT System has long been an innovator in providing high-quality education, and we are excited to be selected as an IT vendor to help with UT System's security configuration management. As a leading provider of enterprise configuration management solutions, Configuresoft is focused on delivering exceptional value to our customers through world class product development, services and support."

Finsbury Acquires Compassoft

2009-02-06T14:28:00.000-08:00

Finsbury Solutions, a vendor of spreadsheet management and control software, today announced it has acquired the products and assets of Compassoft Inc, a US based governance risk and compliance software vendor. The strategic acquisition of Compassoft's End User Computing (EUC) products strengthens Finsbury's product coverage and customer base.

Finsbury is committed to supporting and developing Compassoft's EUC products. It will combine and integrate Compassoft's EUC software with its Spreadsheet Workbench solution to offer an advanced product suite for the management of spreadsheets and end user databases.

Jeremy Wood, Director of Finsbury Solutions, comments: "Regulatory obligations and best practice require companies to put in place more effective controls over EUC applications. The current lack of end user computing control is a serious and growing problem, particularly in the financial services sector.

"This acquisition enables us to provide the most complete set of spreadsheet and EUC control capabilities. Compassoft's enterprise EUC system's discovery and risk profiling capabilities are the most comprehensive and scalable in the market. This will be combined with our existing Spreadsheet Workbench solution, which sets the standard for spreadsheet security, access control, audit and analytics. With a customer base of more than 200 blue chip organisations we are now well positioned to explore further growth opportunities in this fast moving market."

Centerstance Joints Intacct Program

2009-02-06T01:42:00.000-08:00

Centerstance, has joined the Intacct Business Solution Provider partner program. As a member of the Intacct partner program, Centerstance will sell and implement Intacct financial management applications either standalone or in conjunction with other applications to small and mid-sized businesses.

Intacct, a leader in on-demand accounting and financial management applications, is the only on-demand financial management system seamlessly integrated with salesforce.com. Intacct rolled out its Business Solution Provider partner program in March 2008.

"We have crafted a comprehensive, partner-focused channel program to attract leading companies such as Centerstance to help service the exploding market for our on-demand financial applications," said Jerry Jalaba, vice president of channel sales at Intacct. "The Centerstance team brings the depth and breadth of expertise in on-demand consulting services that will add significant value to our joint clients. They also give Intacct a strong local presence in the Pacific Northwest, a growth area for small and medium-sized businesses."

"We've been recommending Intacct to our clients for years, so a partnership was a logical next step," states Arne Kainu, president and CEO of Centerstance. "Their on-demand financial management and accounting applications and their integration with salesforce.com enable us to help clients deploy seamless business processes across the enterprise. We believe that Intacct does for the finance team what CRM provides to the sales, marketing, and customer service organizations -- all within 'The Cloud'."

OpenPages Sponsors Compliance Management Webinar

2009-02-02T15:32:00.000-08:00

Who: Chris McClean, Analyst, Forrester Research; Julian Parkin, Group Privacy Programme Director, Barclays
What: Webinar: Taking a Strategic Approach to Managing Compliance
Where: To register for this Webinar, please visit Webinar Registration
When: Wednesday, February 4, 2009, 12 p.m. EST

In today's highly regulated business environment, organizations must comply with multiple global regulatory mandates, including privacy, industry, and process regulations. Regardless of the scope of an organization's compliance environment, similarities across regulations create overlapping management, documentation, control, and audit demands, which can overwhelm efforts to identify and manage compliance risk effectively and completely.

Please join Chris McClean, Forrester Analyst, and Julian Parkin, Group Privacy Programme Director at Barclays, for an informative Webinar on February 4, 2009 at 12 p.m. EST. Together, they will discuss how companies can take a strategic approach to managing compliance to effectively lower overall costs by leveraging common assessment processes and technology infrastructure. Learn from McClean how to improve your company's compliance program and properly manage requirements of specific regulations or standards. McClean will also help participants understand broad, strategic compliance programs in all regulatory areas.

Following McClean's presentation, hear from Parkin on how Barclays is developing its privacy methodology and tools to align with existing risk and compliance activity across the group. Parkin will also discuss privacy regulations as it pertains to Barclays' privacy initiative implemented across sixty jurisdictions worldwide.

AMDL Implementing GAAP Across US and China

2009-02-02T13:59:00.000-08:00

AMDL, Inc a vertically integrated pharmaceutical company with operations in China and the US, announced today it is implementing a state-of-the-art, westernized enterprise accounting system across its US and China-based operations.

Developed by China-based Kingdee International Software, the new accounting system runs on a high-speed, point-to-point dedicated server system to completely streamline end-to-end accounting practices, financial reporting, taxation, corporate governance and controls to deliver real-time financials. The accounting system has already been implemented in AMDL's US-based headquarters and implementation across the Company's China-based pharmaceutical operations underway.

Over the past four years AMDL has seen over 100% year-over-year growth and anticipates continuing this trend for fiscal year 2009 where it is once again forecasting at least 100% sales growth. Management's decision to implement the new Kingdee accounting system is an instrumental part of the Company's plan to increase financial transparency, manage and run all operations on a real time basis, based on best business practices and standards.

According to AMDL's Chairman and CEO, Mr. Douglas MacLellan, "This implementation represents Kingdee's first US technology deployment, making AMDL the only China-based, US publicly-traded Company to operationalize an accounting system that meets the demanding and rigorous requirements of US GAAP-certified accounting standards. We took a very cost-effective and diligent approach in choosing Kingdee and we believe the system gives AMDL internal controls financially and operationally over our Chinese company publicly listed on a US exchange."

2009-02-02T13:55:00.000-08:00

Arbinet-thexchange, Inc. (NASDAQ:ARBX) , announced today that David C. Reymann, has been appointed to its Board of Directors effective immediately. Mr. Reymann will stand for election at the 2009 Arbinet annual meeting of shareholders. lArbinet is a provider of innovative voice and IP solutions for buying and selling telecommunications capacity,

Shawn O'Donnell, Arbinet's Chief Executive Officer and President, acknowledged, "I am very pleased to announce the appointment David Reymann to our Board of Directors. David brings more than 25 years of business and financial experience to his role on the Board."

"I look forward to working with the entire Arbinet team," said Mr. Reymann. "In these challenging economic times, Arbinet has a strong balance sheet and is poised for growth."

Mr. Reymann is currently the Chief Financial Officer for Critical Response Networks, LLC where he is responsible for the financial and operational aspects of the company. Prior to his position as the Chief Financial Officer for Critical Response Networks, Mr. Reymann was the Chief Financial Officer for Aether Systems for eight years. Mr. Reymann played a pivotal roll in successfully restructuring Aether's business model while routinely conforming to all Sarbanes Oxley requirements. In addition, Mr. Reymann serves on the Board of Directors of Avatech Solutions, Inc. (OTC:AVSO) (BULLETIN BOARD: AVSO) while serving as their Audit Committee Chairman. He is also on the Board for The Believe in Tomorrow Foundation.

Chris McClean

2009-02-01T15:34:00.000-08:00

Chris contributes to Forrester's offerings for the Security & Risk Management professional, leading the company's coverage of enterprise governance, risk, and compliance (GRC). He is also a thought leader on the related issues of corporate social responsibility (CSR) and sustainability. Chris serves Forrester clients with research on GRC and CSR strategy, organization, best practices, and technologies, and he is a frequent speaker on these subjects at industry and vendor events. Before coming to Forrester, his background was in marketing for security and risk management vendors representing a broad range of market segments, such as compliance management, vulnerability management, digital forensics, and security information management. Chris graduated with highest honors from California State University, Fresno with a Bachelor of Science in business administration.

Xceedium In Red Herring Awards

2009-01-07T13:57:00.000-08:00

Xceedium, a vendor of entitlement management solutions that control high-risk users, today announced that Red Herring has named the company a finalist for its prestigious Red Herring Global 100 Awards. The Red Herring Global 100 list is recognized by many technology executives, investors and industry observers as an invaluable tool for discovering the most promising young companies that will lead the next wave of market disruption and innovation.

The Red Herring editorial team deploys a detailed process to whittle down a pool of 600 eligible, promising companies to the 200 finalists of this global award. Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy and ecosystem integration. The finalists, elite executives and venture capital leaders will celebrate the Top 100 Privately Held Companies from around the world in San Diego from January 14-16, 2009. Xceedium's market position, product portfolio, sales traction and overall organizational performance contributed to its selection by Red Herring. Xceedium successfully raised its Series A round of funding in 2005, and has shown steady growth in quarterly and annual revenues. The company is expected to reach profitability in 2009 without any additional funding.

Xceedium's success is driven by its robust solutions for increasingly strict compliance regulations and more outsourcing of
employees and contractors that require access to critical IT infrastructure, as well as a constant focus on the threats posed by high-risk users. Xceedium entitlement management helps to reduce the complexity and cost of controlling high-risk users. Its double-digit sales growth, high new customer adoption rates and frequent repeat purchases from its existing customer base are testimonials to Xceedium's superior technology and commitment to customer support. Its customers gain a comprehensive and cost-effective approach to security and compliance for high-risk users through its unique and patent-pending technologies.

"We are very pleased to be recognized by Red Herring by our nomination for this prestigious award," said Cheryl Traverse, CEO at Xceedium. "Being named a Red Herring Global 100 finalist further validates our position as a leader in security and compliance for high-risk users, and our commitment to helping both the government and commercial sectors balance audit and compliance requirements with the need for operational efficiency."

The Xceedium GateKeeper(TM) is a hardened appliance that enables companies to securely manage the activities of high-risk users from a central point to anywhere in the heterogeneous IT infrastructure, without modification of legacy systems and with minimal implementation. It provides first-to-market control, monitoring, recording and reporting capabilities for the high-risk user group and helps companies cost-effectively and efficiently satisfy audit and compliance requirements. The GateKeeper integrates with Active Directory, Open LDAP, RSA SecureID and PKI/CAC. Xceedium GateKeeper has also achieved Common Criteria EAL3, FIPS 140-2, Level 2, and JITC PKI/CAC certifications.

Richo Americas Improves Dataworks3

2009-01-05T13:32:00.000-08:00

Ricoh Americas Corporation, has announced the availability of an improved Dataworks3 ARCHIVE module for seamless integration with its award-wining DocumentMall solution for on-line document sharing and management. Combining a variable data printing middleware and a software-as-a-service (SaaS) solution provides customers superb automation capabilities and streamlines the collection and storing of important transactional and promotional documents, eliminating time-consuming and error prone manual intervention.

Variable data printing projects can involve large volumes of transactional documents such as invoices, statements, and more. Since these documents may be subject to regulations concerning retention and security, archiving is an essential part of the business process as is the ability to retrieve any one document to respond to an inquiry or request. To help businesses expedite this task, the Dataworks3 ARCHIVE module can be configured to automatically archive to DocumentMall's 24x7 online repository as part of the printing process. Variable data used to populate these vital business process documents is used for indexing in DocumentMall. Users can utilize the index values to search and quickly retrieve a specific document from DocumentMall. In essence, businesses garner enhanced search and retrieval capabilities, which previously cost them excessive time and money as a result of unnecessary physical interaction and hard copy output.

By automating document creation and storage, this integrated solution limits access to information that may be subject to HIPAA or Sarbanes-Oxley regulations and provides safeguards through user level authentication to help increase compliance. Furthermore, due to its online presence and various security measures, DocumentMall is an effective instrument in disaster readiness and business continuity planning.

"Organizing document workflow is imperative to any business function as it creates efficiencies that can reduce inaccuracies, streamline processes and minimize operational costs," said Hede Nonaka, executive vice president, Ricoh Americas Corporation. "Having the ability to integrate the variable data printing capabilities of Dataworks3 with a powerful storage solution such as DocumentMall provides additional value to our customers while helping them achieve their information security, compliance and disaster recovery objectives."

Aon Global Controller

2008-12-23T13:36:00.000-08:00

Aon Corporation, a provider of risk management and human capital consulting services, today announced the appointment of Laurel Meissner, a former financial executive from Motorola, as Senior Vice President and Global Controller. She replaces Dan Hunger, who is retiring from the firm.

Meissner will report to Christa Davies, Executive Vice President and Chief Financial Officer, and will be responsible for accounting, financial reporting, budgeting, forecasting and financial controls, compliance with Sarbanes-Oxley, Securities and Exchange (SEC) and Financial Accounting Standards Board (FASB) regulation and standards, and financial operations across all lines of business globally for Aon.

"Our financial management team works with our business leaders to maximize the returns for shareholders and to improve the efficiency of Aon's global finance organization," Davies said. "Laurie's extensive experience in accounting, financial reporting and controls will strengthen our firm's ability to drive business decisions so that we can continue to deliver the best value for our clients."

Since 2000, Meissner has held several positions at Motorola, most recently as Senior Vice President and Chief Accounting Officer. In this role she was responsible for all accounting issues impacting Motorola worldwide; including financial reporting and controls, compliance with Sarbanes-Oxley, and regulations and standards imposed by the SEC and the FASB. Before joining Motorola, Meissner held positions with Initiate Systems, Cruise Technologies, and KPMG.

OpenPages User Symposium

2008-11-24T13:54:00.000-08:00

OpenPages®, a vendor of enterprise GRC management solutions that optimize business performance, today kicked off its fifth annual OpenPages User Symposium (OPUS), to be held until October 22, 2008 at the Renaissance Boston Waterfront Hotel, Boston, MA. While previous OPUS events have focused on a wide-range of GRC initiatives, this year's event includes a significant focus on risk management insight and best practices, which will be especially valuable to attendees, given the current economic climate and heightened need for better risk management.

Leading off OPUS 2008 is OpenPages president and CEO Michael J. Duffy, who will share with attendees his vision for the future. As part of his keynote address, Duffy will discuss the current economic crisis and how an even greater urgency for improved risk management practices has evolved as a result of the financial meltdown. Duffy will discuss how the explosion of risk premiums combined with steep borrowing costs will create a challenge for companies moving forward. The session will also focus on how the new economic climate will reward those organizations that embrace strategic risk management resulting in a lower cost of capital and reduced losses from realized risks.

OPUS 2008 will continue its theme of promoting a risk-aware culture among its attendees with keynote presentations from the following top risk experts:

-- David Holcombe, director of risk management for International Speedway Corporation (ISC) and NASCAR, Inc., will address attendees on "Safety andRisk Management in Motorsports," and will walk attendees through the evolution of race cars and safety management from the 1950's to the present. Holcombe will also look at the challenges facing large Motorsport facilities, and in particular, managing risk at these large public gatherings.

-- Mark Beasley, Deloitte ERM professor and ERM Initiative director at NC State University, will be presenting on "Aligning ERM and Strategy." As part of his presentation, Beasley will discuss how organizations are responding to evolving risk demands by leveraging traditional risk management processes into an enterprise risk management (ERM) view of their key risks. Beasley will also explore how ERM should be linked to strategy planning to ensure that ERM is positioned to add value.

OpenPages Survey Results

2008-11-12T13:08:00.000-08:00

OpenPages, a provider of enterprise GRC management solutions that optimize business performance, today announced survey results that highlight current realities and future concerns regarding risk management and other GRC activities for 2009. The survey, which polled over 150 strategic risk, governance and finance professionals from such Fortune 1000 companies as AIG, Carnival Corporation, TD Ameritrade and Duke Energy, was conducted at OPUS 2008 -- the 5th Annual OpenPages User Symposium in Boston, Ma. The survey results revealed that organizations expect investment in risk management initiatives will increase in 2009 and that a software platform to help integrate and manage all of their efforts will be crucial to their success.

Survey Results

-- While industry experts predict that overall IT spending may be flat or down next year, over 90% reported that investments in GRC technology will increase or at least remain the same in 2009.

-- 90% of those polled expect new laws and regulations to be introduced next year in an effort "to improve corporate risk management oversight."

-- Over 50% said that the current crisis has increased the priority of enterprise-wide risk management, and nearly 60% said that the crisis has put the risk management function in the spotlight for the CEO and board.

-- Companies divulged that their biggest GRC challenge next year will be to "converge GRC initiatives across the enterprise," and 70% characterized their current state of GRC management efforts as siloed.

-- Companies also revealed that most are poised for improvement: less than 10% characterized their ERM efforts as excellent, as described by S&P's ERM ratings categorization.

GRC Website

2008-11-07T13:49:00.000-08:00

Do you understand the value of centralizing risk and compliance but are unsure of just how to get the executive sponsorship and budget needed to realize that value? Join Rob Zanella, Vice President of IT Compliance at CA, as he walks you through the process of building the business case he used to get approval for his own initiatives at the world's leading independent information technology (IT) management software company. CA operates in 45 countries and serves 99% of Fortune 1000 companies.

http://video.webcasts.com/events/comp001/28656/index.jsp?autoLogin=

Learn:

How to build a business case to establish a global and unified approach to risk and compliance
How you can champion GRC to free up resources, react faster to new legislation and reduce the number of controls within your organization

The best practices and metrics CA used to immediately cut IT compliance controls in half and how the company saved significantly on auditing costs

Date: Thursday, November 13, 2008
Time: 2 p.m. EST
Cost: Free
Length: One hour
Register: Click Here
Speaker: Rob Zanella, Vice President of IT Compliance, CA
SPONSORED BY

AXS-One 2008 Q3 Results

2008-11-03T14:45:00.000-08:00

AXS-One Inc. (OTC:AXSO) (BULLETIN BOARD: AXSO) , provider of high performance Records Compliance Management (RCM) software, today announced its financial results for the third quarter and nine month periods ended September 30, 2008.
Total revenues for the third quarter of 2008 were $3.7 million, an increase of $1.2 million or 47% from the third quarter 2007 revenues of $2.5 million. License revenue for the third quarter was $1.6 million, an increase of 186% compared to $0.5 million in the third quarter of 2007. Service revenue for the third quarter was $2.1 million, an increase of $0.2 million or 9% from the third quarter of 2007. Total operating expenses for the third quarter were $5.0 million, a decrease of 27% percent compared to $6.8 million in the third quarter of 2007. The operating loss for the third quarter of 2008 was $1.3 million, a $3.0 million or 70% improvement from the third quarter 2007 operating loss of $4.3 million. The Company reported a net loss of $2.0 million for the third quarter of 2008, or $(0.05) per diluted share compared to a net loss of $4.6 million in the third quarter of last year, or $(0.13) per diluted share.

Additionally, the Company announced that on October 30, 2008, it completed a $1.1 million convertible note financing led by BlueLine Partners and William Jurika and including several AXS-One board and management team members. The notes, which are secured by substantially all the assets of the Company, mature on May 29, 2009, bear interest at the rate of 6 percent per year and are convertible into AXS-One common stock at a $1.00 conversion price. The Company also issued warrants to the investors to purchase an aggregate of 3,300,000 shares of common stock at an exercise price of $0.01. If all of the warrants are exercised and the entire principal amount of the notes is converted into shares of common stock, the average purchase price of such shares issued pursuant to this financing will be $0.26 per share. Proceeds of these notes will be used to strengthen the Company's balance sheet and working capital position.

Highlights for the third quarter include:

-- 15 deals worldwide, including contracts with eight new customers.

-- The Company's first contract for Dynamic Data Migrator, AXS-One's
patent-pending data migration product announced in June 2008. The
contract is with an existing AXS-One financial services customer who is
planning to migrate from Lotus Notes to Microsoft Exchange.

-- The Company's largest win to date for Sun JMS archiving at one of the
world's largest conglomerates. The initial order, closed through
AXS-One channel partner Sun Microsystems, is for 20,000 users in Asia.

-- A competitive replacement win with one of the largest banks in Europe.
The bank will implement AXS-One's Lotus Notes archiving, instant
messaging archiving, retention management and case management modules.
The AXS-One Compliance Platform has been selected to support the bank's
MiFID compliance requirements as well as their broad regulatory
compliance needs, mailbox management, retention management and
e-discovery.

-- A competitive replacement win with the world's largest post-trade
financial services company. The bank will implement AXS-One for Lotus
Notes mail archiving for broad regulatory compliance needs, mailbox
management, retention management and e-discovery.

-- A leader in the entertainment distribution industry selected AXS-One
after a recommendation from the customer's outside counsel to address
e-discovery requirements.

-- A number of existing customers worldwide expanded their use of the
AXS-One Compliance Platform, adding additional users, record types
and/or functionality.

Bill Lyons, Chairman & CEO of AXS-One, commented, "These results represent a continued positive trend of progress across all aspects of our business and convey accelerating demand for our solutions. In particular, our new Dynamic Data Migrator product continues to gain momentum in the industry while the ongoing series of competitive wins prove the appeal of our products, our platform and industry vision. We have made great progress in developing and enhancing our sales channel for this innovative solution and believe it will become an expanding contributor to our financial results in the coming quarters."
For the first nine months of 2008, total revenues were $11.0 million, an increase of 26% compared with total revenues of $8.7 million for the first nine months of 2007. License revenue was $4.1 million, up 44% from the $2.8 million in license revenue for the first nine months last year. Total operating expenses were $16.1 million for the first nine months of 2008, a decrease of 17% from $19.4 million in the prior year. The operating loss narrowed to $5.2 million for the first nine months of 2008, down from an operating loss of $10.7 million in the first nine months of last year. The net loss for the first nine months of 2008 was $6.7 million, or $(0.18) per diluted share compared to a net loss of $10.9 million, or $(0.31) per diluted share for the comparable prior-year period.

AXS-One Unify Corp Partnership

2008-10-31T15:29:00.000-07:00

AXS-One and Unify Corp. ( today announced a partnership to deliver a comprehensive migration solution for companies looking to transition off the Lotus Notes platform. Through the partnership, AXS-One and Unify will work with customers to migrate Notes e-mail and applications to the Microsoft platform, thereby enabling removal of Lotus Notes servers with little to no disruption to the business or end users.

The solution offered by AXS-One and Unify delivers a best-of-breed approach that addresses requirements for e-mail, calendars, contacts and applications, as well as effective co-existence with the Lotus Domino environment. AXS-One's Dynamic Data Migrator(TM) (DDM) mail migration technologies and services work in conjunction with Unify's Composer migration solution, providing a complete transition of messaging, collaboration, e-mail and custom complex Lotus Notes applications with business logic and workflow (to include LotusScript) to Microsoft Exchange, SharePoint and .NET.
"Our partnership with AXS-One broadens our Composer suite and heightens DDM value -- enabling our customers to rapidly and efficiently transition from Notes to Microsoft with little disruption," said Kevin Kane, vice president and general manager of Composer Solutions, Unify. "The delivery of a comprehensive migration solution accelerates our customers' ability to sunset Lotus Notes and rapidly adopt the Microsoft platform."

Bill Lyons, CEO of AXS-One added, "Dynamic Data Migrator has a dramatic impact on the cost and time it takes organizations to transition from Notes to Microsoft Exchange. By partnering with Unify, we have extended the value of our highly differentiated approach and can provide the Microsoft field, partner and customer community with a comprehensive platform migration strategy."

"This partnership between Unify and AXS-One is a great example of how the Microsoft partner community is coming together to support customers by providing a complete solution that enables rapid deployment and adoption of the Microsoft platform without disruption," said Jim Bernardo, Director of Microsoft's Enterprise and Partner Group. "Unify and AXS-One are key technology partners for the migration of custom business process Lotus Notes applications and e-mail to the Microsoft platform."

Introduced in June 2008, AXS-One's Dynamic Data Migrator (DDM) provides a revolutionary new approach to e-mail server migration. DDM provides continuous access to Notes e-mail directly from the user's Outlook client, delivering a zero-conversion alternative to conventional data conversion processes. Message fidelity is assured, delivering a solution that provides reduced risk, costs and timelines.

Unify's Composer for Lotus Notes is an application migration solution that decomposes data from Lotus Notes and re-assembles it into .NET and SharePoint environments. Composer incorporates standard methodologies, rich migration technologies and professional services to deliver new Web services-based applications that seamlessly integrate into the Microsoft Office suite. Composer uniquely migrates the LotusScript, providing customers with a complete solution for quickly and easily migrating even the most complex custom Lotus Notes application frameworks.

CASAHL Technology

2008-10-31T15:27:00.000-07:00

CASAHL Technology has been singly focused since 1995 to deliver products to implement integration and migration solutions for Lotus Notes applications to the Microsoft platform. All Lotus Notes applications, including Lotus Notes/Domino, QuickPlace, Domino Document Manager, Quickr for Domino, and Quickr for WebSphere are supported. These applications can be coexisting and/or migrated to the Microsoft platform, including SharePoint, InfoPath, Groove, Exchange Public Folders, SQL Server, and MS CRM. CASAHL has deep background in these platforms through partnerships and OEM relationships. CASAHL has been on the Microsoft SharePoint Design Advisory Council since 2004 and has been a member of the Lotus Quickr Design Board since 2007. CASAHL OEM'ed its Lotus Notes technology to Microsoft in 2003. IBM licenses ecKnowledge to work with Lotus Quickr, IBM's answer to SharePoint. Over 1,500 organizations have employed CASAHL products for production integration and migration projects since 1993. CASAHL offers an extensive partner network with training and support. For more information about our product and services, visit our website at http://www.casahl.com

AXS-One and CASAHL Partnership

2008-10-31T15:22:00.000-07:00

AXS-One and CASAHL Technology announced a partnership agreement. Under the terms of the agreement, the companies will resell each other's products, delivering a complete migration offering for organizations converting from Lotus Notes to the Microsoft platform. The offering addresses migration and conversion requirements for e-mail, calendars, contacts, and applications, as well as coexistence.

Announced in June 2008, AXS-One's Dynamic Data Migrator (DDM) provides a revolutionary new approach to e-mail migration. DDM provides continuous access to Notes e-mail directly from the user's Outlook client, delivering a zero conversion alternative to conventional data conversion processes. Message fidelity, which can be critical for litigation support, is assured, delivering a solution that provides reduced risk, costs and timelines as well as a superior end-user experience.
With more than 1,500 customers worldwide, ecKnowledge from CASAHL is the Microsoft-preferred solution for application coexistence and migration. ecKnowledge allows customers to integrate, extend or migrate collaborative applications and data between IBM Lotus, Microsoft, and enterprise applications.

"We are delighted to partner with AXS-One to offer the company's Dynamic Data Migrator product to our valued customers," said Dr. Harry Wong, CEO of CASAHL Technology, Inc. "Mail migration is a major issue for every organization considering converting mail platforms. AXS-One's innovative new approach offers our customers an alternative that can significantly reduce not only their project timelines and costs but also their levels of risk."

"As Dynamic Data Migrator continues to gain traction with organizations worldwide looking to transition off of Lotus Notes, our partnership with CASAHL will enable AXS-One to deliver a comprehensive solution for e-mail and application migration," said Bill Lyons, CEO of AXS-One. "The partnership represents the most comprehensive solution in the market for both application and e-mail migration and delivers a highly differentiated alternative to our customers."

CPE Webcast: Where GAAP and IFRS Differ: Property, Plant and Equipment

2008-10-14T13:43:00.000-07:00

Hans-Peter Rudolf, Assurance Executive at Crowe Horwath, will discuss both similarities and differences between the relevant guidance for long-lived assets under US GAAP and IFRS’s IAS 16 Property, Plant and Equipment. This webcast will cover the recognition criteria, depreciation methods, treatment of borrowing costs, and other pertinent topics.

https://www.complianceweek.com/index.cfm?fuseaction=product.listProduct&productCategoryID=37

Addressing FCPA Risks with Automated Controls Monitoring

2008-10-14T13:40:00.000-07:00

Date & Time: Thursday, October 23, 2008 2:00 p.m. EST
Sponsored By:

Webcast Description:
Aggressive enforcement by the US Justice Department and SEC has resulted in record numbers of enforcement actions for violations of the Foreign Corrupt Practices Act (FCPA). Responding to FCPA enforcement actions can be costly and associated penalties can run into the tens of millions of dollars.

This webcast will outline the risks companies face in light of the DOJ & SEC's expansive reading of the FCPA's provisions and will demonstrate how automated controls monitoring systems can be applied to avoid FCPA enforcement actions, assist with investigations and mitigate penalties resulting from FCPA enforcement actions by automating the monitoring of FCPA-related internal controls.

Specific areas to be covered:
What risks are you exposed to under the provisions of the FCPA?
What are the rules for U.S. companies, U.S. persons, and foreign entities?
What are the implications of recent Justice Department charges and settlements in the FCPA area for understanding the DOJ's approach?
What should a company do if management believes that prohibited conduct has occurred?
How can automated controls monitoring be used to prevent FCPA actions and to help reduce penalties and monitoring costs once an FCPA investigation has been initiated.
Speakers Include:
Doug Jacobson, Partner, International Trade Practice, Strasburger & Price LLP
Dana Hamerschlag, Sr. Director Product Marketing, Approva

Taking Control: How to become Litigation Ready Through Information Governance

2008-10-14T13:38:00.000-07:00

Having control of your information in today’s environment is paramount. Is your organization prepared for litigation, audit and investigation? The disparate nature of information can cause all sorts of corporate pot holes and litigation nightmares. A well founded Information Governance strategy that implements consistent policies and leverages your existing infrastructure can become the backbone that ensures corporate compliance and litigation readiness. Join us to hear about how a proactive Information Governance strategy can help you mitigate risk, save money and stand ready for that next big information request that comes your way.
Oct. 23, 2 p.m. EST

http://video.webcasts.com/events/comp001/28307/index.jsp?autoLogin=

Where GAAP and IFRS Differ: Debt and Equity Instruments

2008-10-14T13:36:00.000-07:00

Paul Munter, a Partner in KPMG's Department of Professional Practice, and Matt Drucker, an Audit Partner with KPMG, will discuss some of the key differences between US GAAP and IFRS when accounting for debt and equity instruments. Paul and Matt will review several examples of common instruments and discuss their related accounting in accordance with IAS 32.
Oct. 15, 2 p.m. EST

https://www.complianceweek.com/index.cfm?fuseaction=product.listProduct&productCategoryID=35

Risk Management Webinar

2008-10-10T14:03:00.000-07:00

Who: Scott Green, Managing Vice President, Operational Risk Management, Capital One; Patrick O'Brien, Director of Product Management, OpenPages

What: Webinar: Risk Management Strategies at Capital One

Where: To register for this webinar, please visit http://www.iian.ibeam.com/events/comp001/27473/

When: Thursday, September 25, 2008; 2:00 p.m. EDT

Join OpenPages' Patrick O'Brien for an intimate conversation with Capital One's Scott Green on September 25, 2008 at 2:00 p.m. EDT where they will discuss Capital One's approach to risk management. Learn from Green how Capital One is reinventing risk management processes to improve efficiency and effectiveness in managing risk requirements and their associated controls.
This discussion will include tips on how to develop common processes across risk programs to leverage shared technology. Green will also provide insight on Capital One's goal of improving governance, risk management and compliance practices across the enterprise, to ensure high confidence in the ability to manage and monitor risks, and drive cost savings.

Paisley On GRC

2008-10-06T00:02:00.000-07:00

GRC is a global issue comprising many different initiatives – some regulatory, many policy driven – that cut to the core of every business, regardless of geography or industry. With over $32B in spending, it continues to be at or near the top of the agenda for both business and IT executives.

Join us for a live webcast with John Hagerty, the vice president and research fellow at AMR Research, Inc. to learn how the GRC complexion is changing and hear what that portends for the future as GRC stretches and changes to accommodate a changing business and political climate.

Speakers:

John Hagerty, Vice President, and Research fellow, AMR Research, Inc