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AXS-One Inks Deal with Taiwan Firm

AXS-One Inc. in Rutherford, a provider of records compliance management (RCM) solutions, today signed a distribution agreement with IVAN Information Technology Co. in Taiwan to strengthen its presenceAXS-One Inc. (AMEX: AXO) in Rutherford, a provider of records compliance management (RCM) solutions, today signed a distribution agreement with IVAN Information Technology Co. in Taiwan to strengthen its presence in Asia. As part of the deal, IVAN will resell AXS-One products in the region “at a time when Taiwanese companies are seeking to better manage data archiving in an effort to meet increasingly stringent compliance requirements propagated in U.S. legislation” including Sarbanes-Oxley and the Patriot Act, says the company.

“Due to increasing regulatory compliance and governance requirements worldwide, and the expanded reach of Taiwan”s firms overseas, we are now starting to see a significant increase in demand for content archiving and electronic records management,” said Kathleen Phillips, AXS-One’s regional director. AXS-One shares traded at $0.67 this afternoon.

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