AXS-One Appoints Software Industry Veteran as New Chief Executive Officer
30 April 2004 - 11:30PM
PR Newswire (US)
AXS-One Appoints Software Industry Veteran as New Chief Executive
Officer William P. Lyons, 20-Plus Year Software Veteran, to Begin
Immediately RUTHERFORD, N.J., April 30 /PRNewswire-FirstCall/ --
AXS-One Inc. , a global leader in business process automation and
information management, today announced that William P. Lyons has
been appointed to the position of President and Chief Executive
Officer, as well as a director. Bill Lyons replaces John A. Rade,
who, as previously announced, is retiring after seven years with
AXS-One but will remain with the company as a non-executive
employee. Mr. Lyons joins AXS-One after serving as chief executive
in high growth software companies for large enterprise markets. In
his last assignment he served as President and CEO of Caminus
Corporation, a publicly traded, leading provider of integrated
enterprise software applications to the global energy industry
where he established partnerships with Accenture, Bearing Point,
IBM, Oracle and others. Previously, Mr. Lyons served as Chief
Executive Officer of numerous software companies in both the public
and private marketplace including Ashton-Tate, ParcPlace Systems,
Finjan Software and NeuVis. Each of these companies focused on
large enterprise customers and Lyons has routinely concentrated on
meeting sales goals by developing effective partnerships with
technology partners, Resellers or System Integration partners.
Prior to his software executive positions, Lyons spent 18 years at
the IBM Company in various sales and marketing roles culminating as
Vice President of Worldwide Software. As a material inducement for
Mr. Lyons to accept the position with AXS-One, and in order to
align Mr. Lyons' interests more closely with those of the company's
stockholders, AXS-One's independent Compensation Committee has
approved the grant to Mr. Lyons of stock options to purchase an
aggregate of 900,000 shares of AXS-One common stock. Of these
options, options to purchase 125,000 shares were granted outside of
the company's existing stock option plans and without stockholder
approval due to a limitation on the number of shares available for
the granting of options under those plans. All of the options
granted to Mr. Lyons have an exercise price equal to the closing
price of the company's common stock on the American Stock Exchange
on the date of grant (April 28), vest in four equal annual
installments of 25% commencing on the first anniversary of the date
of grant (subject to special vesting rules in the case of early
termination during the first twelve months or upon a change of
control of the company) and have a 10-year duration. Elias
Typaldos, AXS-One's chairman of the board, commented, "Bill brings
significant sales and brand marketing experience to AXS-One as he
has led both young and more mature companies in dynamic and global
enterprise markets. Bill's detailed knowledge of marketing and both
the direct and channel sales functions, coupled with his leadership
abilities, will prove invaluable as AXS-One continues to
communicate the importance of compliance with electronic
communication and differentiates itself from the competitive
landscape in the global enterprise and compliance markets in order
to achieve its growth potential. I am excited at the opportunities
before us." Mr. Lyons commented, "Businesses are searching for ways
to ensure compliance with the multitude of new regulations and
auditor protocols. AXS-One has a unique and effective technological
solution for meeting those requirements in the global markets. We
will be demonstrating our products and our value proposition to
prospective clients and I am sure will make significant inroads
into this emerging market." Mr. Typaldos concluded, "While we are
excited with the opportunities and potential Bill brings to the
Company, the Board of Directors and employees want to also
recognize John Rade for positioning the company for a smooth
transition. John has played a critical role in our turnaround, and
leaves AXS-One a much stronger and better positioned company thanks
to his efforts." AXS-One completed its 11th consecutive quarter of
profitability on March 31, 2004. During the quarter ended March 31,
2004, it increased license revenue by 98 percent over the
comparable 2003 quarter and was recognized as a leading visionary
in the Integrated Document Archival and Retrieval Systems (IDARS)
and E-Mail and Instant Messaging (IM) Archival and Compliance
markets by a leading industry analyst. About AXS-One Inc: AXS-One
(AMEX:AXO) is a leading provider of records management, email and
instant messaging archival management, financial management, and
workflow software to efficiently manage complex business processes.
AXS-One has implemented high-volume, interoperable, scalable, and
secure business solutions for the global 2000. Its Web
Services-based technology has been critically acclaimed as best of
class. The AXS-One Compliance Platform Solutions provide fast
deployment of e-mail/instant messaging archival solutions for
regulatory compliance and operational efficiency. AXS-One has
offices in worldwide, including Australia, Canada, Singapore,
United Kingdom, United States, and South Africa. AXS-One was
founded in 1978, and is headquartered in Rutherford, New Jersey,
U.S.A. For further information, visit the AXS-One web site at
http://www.axsone.com/. This press release contains forward-looking
statements. Such statements are only predictions and actual events
or results may differ materially. All forward-looking statements
involve risks and uncertainties, including, without limitation, the
risks detailed in the company's documents and reports filed from
time to time with the Securities and Exchange Commission. AXS-One,
the AXS-One logo, "Access Tomorrow Today," AXSPoint, and TransAXS
are registered trademarks of, and e-Cellerator, AXS Desk, "AXS-One
Collaboration FrameWorks," SMART, Tivity and AXS-Link are
trademarks of, AXS-One Inc., in the U.S. All other company and
product names are trademarks or registered trademarks of their
respective companies. For further information, please contact:
Company, Bernard Cassidy of AXS-One Inc., +1-201-372-6231, ; or
Investors, Matthew Hayden of Hayden Communications, Inc.,
+1-858-456-4533, , for AXS-One Inc. DATASOURCE: AXS-One Inc
CONTACT: Bernard Cassidy of AXS-One Inc., +1-201-372-6231, ; or
Investors, Matthew Hayden of Hayden Communications, Inc.,
+1-858-456-4533, , for AXS-One Inc. Web site:
http://www.axsone.com/
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