Axentis Achieves Heightened Customer Adoption--Announces Industry Best 700,000 Users From Leading Global 2000 Organizations.

CLEVELAND -- SaaS-Based GRC Solutions Ensure Adherence with Broad Array of Key Mandates including Sarbanes-Oxley, HIPAA, COBIT and Corporate Code of Conduct

Axentis, a leading provider of governance, risk and compliance (GRC) management solutions, today announced continued rapid customer adoption of its software-as-a-service (SaaS) based GRC solution, Axentis Enterprise. Axentis currently serves more than 700,000 users from leading Global 2000 organizations, the largest user-base for any GRC or enterprise SaaS application.

"The recent customer growth validates the company's original vision of providing leading organizations with a consistent and integrated method to managing all key governance, risk and compliance applications," said Scott Berkey, CEO of Axentis. "Axentis customers have pressing requirements, and our SaaS solution allows them to deploy applications much more quickly and at a significantly lower cost than with traditional software offerings. The end result is an effective GRC initiative that puts the company in a position to succeed."

Axentis's customer momentum coincides with its inclusion in recent industry reports from leading analyst firms. The companies cite the advantages of using the SaaS model and its product breadth. It is this model which has driven new customer adoption and enabled current Axentis customers to expand their usage to multiple new governance, risk and compliance areas critical to their business success.

Specific analyst reports from Q1 and Q2 2006 include:

--Axentis was included in the recent "Forrester Wave(TM): Governance, Risk and Compliance Platforms" report. To access the full report visit: http://www.axentis.com/news/registration/ forrestwave_registration.html.

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--Gartner cited Axentis as a vendor leveraging a SAAS model in a research report titled, "Adoption of Software-as a-Service Is Happening Outside of CRM." To access the report please visit: http://www.axentis.com/news/registration/ AdoptionSAAS_registration.html.

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As the only GRC company to leverage the SaaS model, Axentis Enterprise ensures 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 by Forrester Research in its "Government, Risk and Compliance Wave Study(TM)" Report, touts over 700,000 users from leading Global 2000 companies including First Data Corporation, ADT and AstraZeneca Pharmaceuticals. Axentis is headquartered in Cleveland, Ohio with data centers in Bolder, CO and Basel, Switzerland. For more information, please visit http://www.axentis.com.