Former IBM Executive Joins Axentis Board of Directors

Business Wire, Feb 5, 2007

Lorraine Fenton to Provide Strategic Input Regarding the Continued Development and Delivery of Axentis' Leading Governance, Risk and Compliance Solution

CLEVELAND -- Axentis, the leading provider of on-demand governance, risk and compliance (GRC) management solutions, today announced the addition of Lorraine Fenton to its board of directors. Fenton has more than thirty years of general management experience in the areas of software application, operating systems development and information systems businesses, working for companies such as IBM and System Software Associates (SSA). As a member of the board, Fenton will offer expert guidance to help Axentis maintain its position as the industry's technology and business leader.

"Lorraine brings Axentis deep experience in the technology sector, where she played an integral role in helping companies like IBM achieve their business objectives," said Robert Hoyt, CEO of Axentis. "We are excited to have Lorraine joining our board of directors. Her technology insights as well as her knowledge and experience in meeting the pressing needs of the end-user community will play a vital role in helping our organization maintain its current strong momentum."

Fenton spent more than thirty years at IBM, most recently serving as vice president of information technology for IBM North America. Other positions held over this period include chief information officer for North America Sales and Services, where she was responsible for the design, development and delivery of information technology solutions to 45,000 end-users throughout the U.S., and vice president of quality and development operations, where she led the reengineering initiatives for all software product development laboratories for IBM worldwide. Fenton currently works as an independent information technology consultant to clients such as JP Morgan. Prior to this venture, she served as vice president of research and development at SSA. In this position she managed development, support and IT operations, significantly improving both client satisfaction and product quality.

"The issues of compliance touch all organizations, which are faced with unprecedented pressure to manage corporate reputation and performance," said Lorraine Fenton. "Axentis has carved out a solid leadership helping large global 2000 companies manage these waters. I look forward to joining the team and helping them continue serving the current and future needs of these organizations with the efficiency that they have come to expect."

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 Study[TM]" 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.