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Report Highlights Continued Rise of Software-as a-Service and its Adoption in Compliance Management Industry
Leading Analyst Firm Cites Axentis in SaaS Report, Report States "The Second-Largest Market for SAAS (after CRM) is Compliance Management"
Cleveland, OH- February 27, 2006 -Axentis, the leading provider of governance, risk and compliance (GRC) management solutions, today announced its inclusion in the Gartner research report written by Ben Pring titled, "Adoption of Software-as a-Service Is Happening Outside of CRM." The report (available at www.axentis.com ) analyzes the emergence of the software-as-a-service (SaaS) model and its widespread adoption in new industries including compliance management, which Gartner states is currently the second largest market for SaaS solutions.
"The rapidly shifting face of government mandates requires a solution that can easily respond to change by seamlessly integrating with all key applications in real-time," said Scott Berkey, CEO of Axentis. "The Software-as-a-service model is a superior alternative to traditional on premise solutions, making this type of integration scenario a reality. Leveraging the SaaS model, Axentis is able to ensure that all of our current and future clients can manage these dangerous waters and achieve their business goals."
The "Adoption of Software-as a Service Is Happening Outside of CRM" report introduces -several key findings including the following:
- "Governance, risk and compliance legislation - and perhaps more importantly, interpretations of exactly what governance, risk and compliance legislation requires - is making traditional (such as project-focused) approaches less able to cope with the ongoing challenges that governance, risk and compliance pose."
- "Compliance management has become an imperative for every enterprise in the ongoing wake of the Enron scandal"
- "The SaaS model is a good fit for the changing requirements of business compliance. Consequently, this overlooked software category has quickly emerged as one of the most important in SaaS"
As the only GRC company to leverage the SaaS model, Axentis Enterprise ensures consistent workflow, reporting, security and content management. Currently 600,000 users from Global 2000 companies located in more than 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 a 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
