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Independent Research Firm Names Axentis a Leader in Governance, Risk and Compliance Industry
Axentis Recognized For Its Strong Technology Strategy and Vision and R&D
Cleveland , OH —March 28, 2006— Axentis , a leading provider of governance, risk and compliance (GRC) management solutions, today announced that it has been named as a leader in the “The Forrester Wave™: Governance, Risk and Compliance Platforms” report (1). The Forrester report, available at www.axentis.com, analyzes ten competitors in the governance, risk and compliance (GRC) space, outlines their differing approaches to compliance management and cites the strengths and weaknesses of each organization.
In the report, Forrester evaluated Axentis’s current offering and strategy for GRC platforms against nine companies through 99 criteria in the areas of current product offering, strategy and market presence. Of the 10 companies included in the report, Axentis was named as an industry leader in its current offerings and strategy.
Key findings from the report include:
- “Axentis pulled ahead of the competition by demonstrating its ability to meet the widest range of GRC requirements.”
- “Ae supports the widest variety of GRC purposes of the vendors compared in our evaluation.”
- “The vendor has more installed seats than any other GRC platform vendor, as well as the widest range of risk and compliance applications.”
- “Axentis Enterprise is available as a subscription service, providing further distinctive differentiation among its competitors.”
- “The product has a clear value proposition as a software as a service (SaaS) solution, providing a highly configurable system without the overhead of a complex software implementation.”
- “The integration of Web-based training is another piece of the Axentis solution. Not only can employees log in to see and attest to policies and procedures, but they can also take customized training via the platform.”
- “Products in the GRC market tend to be a complex integration of content management, business process management, workflow, and dashboards — deployment with many of the solutions can be long and burdensome. Axentis relieves this pain, which won resounding compliments from Axentis’ client references.”
“We are proud of our model and the benefits that a SaaS-based solution delivers to Global 2000 companies looking to take control of their compliance initiatives,” said Ted Frank, founder and president of Axentis. “As a leader in this industry we will continue to evolve our solution to help these organizations more effectively manage these complicated issues and in turn ensure their flawless business performance.”
As the only GRC company to leverage the SaaS model, Axentis Enterprise ensures consistent workflow, reporting, security and content management. Currently 600,000 users in over 100 countries trust Axentis with their GRC requirements. Whether tackling Sarbanes-Oxley, HIPAA, Corporate Code of Conduct, Anti-Money Laundering statutes or general Human Resources policies, 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). Organizations including First Data Corporation, ADT and AstraZeneca Pharmaceuticals rely on Axentis for peace of mind and superior results. For more information, please visit http://www.axentis.com.
Media Contacts:
Doug Fraim
Racepoint Group, Inc.
781-487-4622
dfraim@racepointgroup.com
(1) The Forrester Wave™: Governance, Risk, And Compliance Platforms, Q1 2006, Forrester Research Inc. March 16, 2006
