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Axentis Introduces Privacy Management Suite
Axentis Solution Empowers Global 2000 Corporations to Ensure Effective Privacy Management and Heightened Ongoing Corporate Reputation
Cleveland, Ohio - August 30, 2006 - Axentis , the leading provider of on-demand governance, risk and compliance (GRC) management solutions, today announced the availability of its new Privacy Management Suite. The Axentis Privacy Management Suite delivers Global 2000 companies a complete set of tools for addressing privacy issues that directly impact a company's reputation, consumer confidence, employee trust and protection of intellectual property . The Axentis Privacy Management Suite is the industry's only true software-as-a-service (SaaS) offering, which allows for fast, simple implementations with customers in full production in as few as 45 days.
According to a 2006 Gartner Report "How CEO Concerns in Mid-2006 Are Shaping IT Agendas," "there are growing concerns about reputation and ethics." A second study from the Ponemon Institute found that two of the top three criteria consumers use to determine a company's trustworthiness are connected to privacy. According to the study, company trustworthiness has a strong impact on consumers maintaining long-term relationships.
"The issue of privacy has taken center stage with corporations around the globe for the simple reason that a single privacy breach can cost companies millions of dollars to address and have serious implications on the bottom line. With privacy challenges growing increasingly more complex, managing them becomes an even greater challenge," said Robert F. Hoyt, Chief Executive Officer at Axentis. "This is where the Axentis Privacy Management Suite delivers. Our new offering addresses a top concern of CEO's by providing a turn-key solution of software and best practices content to more efficiently and consistently manage and have visibility into all elements of a corporate privacy program within the enterprise and with partners."
Privacy regulations are complex and range from HIPAA, the Payment Card Industry (PCI) Data Security Standard and the Gramm Leach Bliley Act to the European Union's Data Protection Directive and Canada's PIPEDA. To address these areas, Axentis has developed a comprehensive management suite that possesses the versatility and flexibility to provide a consistent process for managing any privacy regulation. Axentis Privacy Management Suite incorporates models such as the OECD Guidelines on the Protection of Privacy and Transborder Flows of Personal Data and uses a risk-based approach to drive better identification of privacy gaps and superior alignment of investments in technology, procedures, policies and training.
The Axentis Privacy Management Suite consists of two modules:
- Axentis Workplace/Consumer Privacy Management
- Axentis Vendor/Outsourcer Privacy Management
Using Axentis Privacy Management, customers can better address critical challenges such as:
- Complex, fragmented or resource intensive processes for making employees aware of and trained on policy and procedures
- Costly and ineffective approaches to managing the exposure created by vendors and outsourcers
- Tracking of worldwide privacy regulations and standards, and the status of relevant policies
- Knowledge of which employee, consumer, intellectual property and trade secrets should be protected
- Adequate reporting and visibility to the effectiveness of the privacy program
- Demonstrating an effective privacy program to senior management, regulators and advocacy groups
- Clear processes for responding to privacy breaches
Axentis is making available, at no charge to qualified organizations, select content and tools from the Axentis Privacy Management suite. The first tool available is the Summary Privacy Assessment, a confidential, online assessment developed with leading privacy experts that identifies broad areas of privacy impacting the organization, and provides a summary of potential gaps and sample approaches to address them. To register for access to the Summary Privacy Assessment, please go to Privacy Diagnostic or http://www.axentis.com.
Axentis is the only GRC company leveraging the SaaS model to deliver consistent workflow, reporting, security and content and learning management. Currently 700,000 users from Global 2000 companies located in more than 100 countries trust Axentis with their GRC requirements. Whether tackling Enterprise Risk Management, Sarbanes-Oxley, HIPAA, Corporate Code of Conduct, Anti Money Laundering statutes, Operational Risk, or COBIT, Axentis Enterprise is the common platform resource used to automate processes, reduce costs and manage risk.
About Axentis
Axentis delivers the only on-demand business performance optimization environment that empowers companies to turn governance, risk and compliance initiatives into better business performance and competitive advantage. With its unique software-as-a-service (SaaS) model, Axentis Enterprise (Ae) Suite delivers a one-world view of the entire organization for better risk management, mitigation and compliance. Ae is easy-to-use and can be deployed quickly, delivering immediate impact and a quick return on investment (ROI). Axentis, which was recently named an industry leader and innovator by several leading analyst firms, touts over 700,000 users from leading Global 2000 companies including ADT and AstraZeneca Pharmaceuticals. Axentis is headquartered in Cleveland, Ohio with data centers in Boulder, CO and Basel, Switzerland. For more information, please visit http://www.axentis.com.
For Axentis
Doug Fraim
781-487-4621
dfraim@racepointgroup.com
