Axentis, Inc. and Thomson Reuters Announce Pilot Partnership

Business Wire, July 30, 2008

Financial and Audit Content Integrated and Available via Checkpoint[R]

NEW YORK -- Axentis, Inc. and the Tax & Accounting business of Thomson Reuters today announced a partnership to launch a pilot program integrating Axentis Enterprise with Checkpoint[R], Tax & Accounting's online productivity and workflow solution for tax and accounting professionals. The resulting solution enables chief financial officers and compliance officers to easily operationalize financial and audit regulatory content and guidance while enabling compliance with government standards and best practices.

Axentis Enterprise is a recognized and well-regarded governance, risk and compliance (GRC) management solution. "We are pleased to enter this partnership with Axentis," says Mark Schlageter, president, Tax & Accounting's Research & Guidance business. "The integration between Checkpoint and Axentis Enterprise translates to more efficient workflow and enables our customers to make informed decisions in managing and measuring regulatory and operational risk."

Financial professionals using Checkpoint linked to Axentis Enterprise can now:

* Drive audit and financial reporting along with longer-term compliance and performance through a library of hundreds of checklists for Corporate Governance, SEC, GAAP and other financial and audit processes from Tax & Accounting

* Support decision-making and improved compliance through integrated links to comprehensive Checkpoint analyses and references to source rules/regulations as well as e-learning solutions from Tax & Accounting

* Stay up-to-date on upcoming regulatory requirements through an integrated RSS feed

* Improve visibility with effective dashboard reporting on the current state of compliance to these regulations throughout the enterprise

As examples, audit and compliance professionals monitoring regulatory changes can determine the impact of such change on the organization. By using assessments directed to business unit finance directors, audit professionals can also determine which parts of the organization are impacted, and can then define and track action plans to ensure compliance.

Further, resulting changes in associated policies and procedures, linked back to the regulation or risk, can be managed and stored centrally to provide a consistent enterprise view, and can be automatically distributed in a timely manner to the appropriate stakeholders within the organization.

Steve Lindseth, CEO, Axentis, Inc. says: "With this partnership, Axentis extends its unique SaaS model and integrated e-learning, assessment and policy management capabilities to break down the barriers between content and application in the highly dynamic tax and accounting industry. Having seamless and in-context access to Checkpoint's expansive content and workflow solutions will greatly enhance our customers' ability to optimize GRC-related activities and overall corporate performance."

For more information about Checkpoint, visit http://ria.thomson.com or call 800-950-1216. For information on Axentis, please visit www.axentis.com.

About Thomson Reuters

Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (NASDAQ: TRIN). For more information, go to www.thomsonreuters.com.

The Tax & Accounting business of Thomson Reuters (formerly Thomson Tax & Accounting) is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Professional Software & Services, Corporate Software & Services, and Research & Guidance business groups.

About Axentis, Inc.

Axentis is the world's leading provider of on-demand solutions for enterprise governance, risk and compliance. For more information, please visit www.axentis.com.