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Forest City Enterprises Selects Axentis For Sarbanes-Oxley
Leading Real Estate Company Chooses Software-as-a-Service Platform
Cleveland, Ohio - December 11, 2006 - Axentis, the leading provider of governance, risk and compliance (GRC) management solutions, today announced that Forest City Enterprises, Inc. (NYSE: FCEA and FCEB), an $8.5 billion national real estate company, has selected its Axentis Enterprise solution for automating its ongoing testing and review of internal controls related to compliance with Sarbanes-Oxley Sections 404 and 302. Forest City selected Axentis for its completeness of Sarbanes-Oxley functionality, ability to be implemented more quickly and with fewer IT resources, and proven range of GRC applications.
"Axentis gives us the ability to implement a financial compliance program while minimizing disruption of resources focused on our business," said Thom Johnson, vice president of risk management at Forest City Enterprises. "When we are ready to implement Axentis for additional compliance applications, we anticipate that it will address these as well."
Axentis is the only GRC company leveraging the SaaS model to deliver consistent framework management, workflow, reporting, security, and content and learning management. Currently 720,000 users from Global 2000 companies, located in more than 100 countries, trust Axentis with their GRC requirements. Whether tackling Enterprise Risk Management, Sarbanes-Oxley, Privacy, 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 was recently named an industry leader by Forrester Research in its "Government, Risk and Compliance Wave Studyâ„¢" and a "Cool Vendor" by Gartner, which also recognized Axentis in a report titled, "Adoption of Software-as a-Service Is Happening Outside of CRM. " Current Axentis customers include ADT and AstraZeneca Pharmaceuticals. Axentis is headquartered in Cleveland, Ohio with data centers in Boulder, Colorado and Basel, Switzerland. For more information, please visit http://www.axentis.com.
For Axentis
Doug Fraim
781-487-4621
dfraim@racepointgroup.com
