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Axentis Announces Strategic Partnership with ELT
Leading Provider of Online Compliance Training Joins Axentis to Enable Effective Privacy Awareness and Management for the Global 2000
Cleveland, Ohio - November 15, 2006 - Axentis, the leading provider of on-demand governance, risk and compliance (GRC) management solutions, today announced a partnership with ELT, a leading provider of online compliance training. Under the terms of the partnership, Axentis is reselling ELT's Workplace Privacy and Cyber Policy e-learning courses as part of its Axentis Privacy Management Suite, the industry's only software-as-a-service (SaaS) offering dedicated to addressing privacy management. The companies expect to broaden their relationship to include other ELT courses in the near term.
"Training is an essential part of privacy management as it helps to modify employee and business partner behavior and reduce potential fines and damages," said Ted Frank, president of Axentis. "By delivering the ELT privacy courses as part of the Privacy Management Suite, we make it easier for companies to have a single, risk-based approach to implementing an effective compliance program as defined by the US Sentencing Guidelines."
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. Using a risk-based approach to drive better identification of privacy gaps and superior alignment of investments in technology, procedures, policies and training, Privacy Management Suite features modules for Workplace/Consumer Privacy and Vendor/Outsourcer Privacy. Through this partnership, Axentis enhances its offering by including ELT's Web-based Workplace Privacy and Cyber Policy courses — interactive, story-based e-learning courses that address the dramatic increase in privacy-related employment law and appropriate use of technology issues to both employees and managers.
"The issues surrounding corporate privacy demand the full attention of today's corporations," said Shanti Atkins, President & CEO of ELT. "By including our privacy training solutions in the Axentis Privacy Management Suite, we are able to help give these organizations a comprehensive privacy offering. In a market flooded with generic compliance content, ELT courses truly support effective risk management and behavioral change . Employees actually learn from our highly interactive, story-based e-learning. As importantly, the Legal Engineeringâ„¢ featured in our training solutions supports tangible legal defenses and reduced fines."
Axentis is the only GRC company leveraging the SaaS model to deliver consistent workflow, reporting, security and content and learning management. Currently, over 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, 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 ELT
ELT advises large and small businesses on compliance issues and is a leading provider of next generation, Web-based training programs focused upon risk management for managers and employees. An independent, profitable, stand-alone organization committed to excellence and innovation in compliance training, ELT uses legal engineering â„¢ to educate staff and help employers establish defenses to potential workplace litigation. The unsurpassed quality of ELT's legal content, instructional design and training support services provides clients with extraordinarily high completion rates and user satisfaction.
ELT provides a tightly designed, concise library of courseware. The company's highly-rated programs are currently training more than 1,000,000 employees and managers and delivering measurable ROI. Over 600 leading organizations across the United States depend on ELT for the most up-to-date, effective compliance and risk management solutions. ELT has both the technical infrastructure and the real-world client experience from practicing counselors at Shearman & Sterling and Litter Mendelson to support any company's unique structure and training needs. ELT is a privately-held company with its worldwide headquarters in San Francisco, California. For more information visit the ELT website at www.elt-inc.com. call 877.358.4621 or email info@elt-inc.com.
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, the 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, Colorado and Basel, Switzerland. For more information, please visit http://www.axentis.com.
For Axentis
Doug Fraim
781-487-4621
dfraim@racepointgroup.com
