Bill Lyons CEO AXS-One

AXS-One 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, have 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."
 
AXS-One Inc. 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

RenewData is a leading provider of e-discovery and ESI (electronically stored information) risk management services to assist corporations and law firms responding to lawsuits, investigations, and audits. Superior legal expertise, scalable technology, and a state-of-the-art facility featuring government level physical security enable RenewData to provide clients with secure, accessible, and manageable data in a cost effective and timely manner. RenewData's e-discovery services cover the five critical steps of the e-discovery process, including planning, preservation and collection, processing, review, and production. RenewData's ESI risk management services, which include backup tape liability management, data migration, and evidence storage, provide corporations with a proactive means of managing the risks associated with ESI. RenewData has been ranked a "top provider" in the Socha-Gelbmann Electronic Discovery Survey Report for three consecutive years and was ranked in the 2006 and 2007 Inc. 500 lists of fastest-growing privately held companies in the U.S.

For more information, visit www.renewdata.com