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Alliance to focus on top 300 US Banks
Orlando, Fla & Naples, Fla – August 15, 2005 – Axena
Inc., an Orlando based technology company that focuses on one of
the fastest growing business technology sectors, Corporate Governance,
has formed a partnership with Superior Surplus Inc. of Naples,
a distributor of hardware and software to the US banking sector.
Under this alliance Superior Surplus will market Axena’s
Risk Management and Sarbanes-Oxley compliance solutions to large
US and international financial institutions.
Axena’s Sarbanes-Oxley compliance solution, Axena SOAx™,
is a web-based application that allows corporations to address
the particular requirements of the Sarbanes-Oxley Act, which mandates
new responsibilities for corporate management in reporting on internal
controls. Axena also offers a web-based Enterprise Risk Management
(ERM) solution, Axenaware™, which assists companies in identification,
assessment and management of risks.
In response to numerous and well publicized failures in corporate
governance and restatements of financial results over the last
several years, many companies are making significant investments
in technology to assist their compliance and risk management
programs. With a rapidly growing list of clients, Axena has
established itself as a leading provider of both software solutions
and advisory services to companies in both the US and global
markets for both Sarbanes-Oxley compliance and Enterprise Risk
Management.
Frank Hailstones, chief executive officer of Axena, which got
its start at the University of Central Florida Technology
Incubator, said the Superior Surplus alliance will add a marketing
partner with strong ties among the top US and global banks.
Superior Surplus and its principals have served this market
collectively for over 75 years and are well known and respected
by many of the top financial service brands.
“Axena SOAx and Axenaware are market leading compliance and
Enterprise Risk Management solutions. Our extensive experience
with over 50 leading global corporations and numerous smaller clients
as well demonstrates Axena’s ability to help organizations
not only achieve compliance with many regimes, but also improve
their financial performance,” said Hailstones. “The
US passage of the Sarbanes- Oxley Act has set the current international
gold standard for responsible financial reporting. Many international
compliance regimes are following quickly behind. This is demonstrated
by the rapid growth in Axena’s client base with recent additions
of leading players from not only the US but also the international
business communities in Europe and Asia,” Hailstones further
added.
Commenting on the Axena alliance, Jerry Watkins, president
of Superior Surplus, said, “Superior Surplus has a long history and deep
relationships with many of the top US and international banks.
We are regarded by our clients more as technology partners than
as a vendor and known for helping them address critical business
needs in new and creative ways. Our partnership with Axena allows
us to bring proven, market leading solutions much in demand to
our clients. Many of our existing clients have already expressed
enthusiasm for the Axena software and advisory services.”
Commenting on the Axena alliance, Watkins stated, “Our alliance
with Axena Inc. has strengthened our product portfolio as we can
now offer our clients a combination of our deep understanding of
their needs and Axena’s robust offerings in compliance and
risk management.”
About Axena, Inc
Axena, Inc. provides Corporate Governance and Enterprise Risk Management
solutions to both the US and international markets. Operating
through its US headquarters in Orlando and its international
headquarters in the UK Axena provides industry leading compliance,
enterprise risk management and corporate governance software
and advisory services. (www.axena.com)
About Superior Surplus Inc.
Superior Surplus Inc. (SSI) is a company that buys sells and
leases second user banker, financial document and item processing
equipment. SSI deals in all of the major hardware brands used
with the financial services industry and has partnerships with
many of the leading hardware vendors. Their client base includes
many of the top global financial service brands with a strong
presence among the top 300 US banks.
SSI uses its over 75 years of banking and financial experience
to provide a
comprehensive secondary market source for hardware and software
to the financial service industry. Other services include portfolio
leasing, depreciation and book value analysis, off book transactions
as well as on-site consulting to evaluate efficiency and throughput
analysis. The primary goal of SSI staff is to listen to client
needs and offer solutions that maximize their operational and
financial requirements. Our partnerships with industry leaders
serving the banking community allow us to achieve this goal
and provide tailored solutions supported by financial viability.
About the UCF Technology Incubator
Since its founding in 1999, the UCF Technology Incubator has
helped more than 80 emerging technology companies create over
$175 million in revenue and more than 600 new jobs with an
average salary of $59,000. As a result of this success, the
UCF Technology Incubator was recently named the 2004 Technology
Incubator of the Year by the National Business Incubation Association.
Headquartered in Research Park near the University, the Incubator
is a true collaboration in economic development between UCF,
Orange County, the City of Orlando, the Florida High Tech Corridor
Council and the Metro Orlando Economic Development Commission.
For more information, please visit http://www.incubator.ucf.edu.
For further press queries on Axena, please contact:
Natalia Warren, 407-447-0050
For more information on Superior Surplus Inc., please contact:
Jerry Watkins, jwatkins@superiorsurplus.com, 239-643-1292
For further press queries on, UCF-Technology Incubator please
contact:
Tom O’Neal or Carol Ann Dykes, 407-882-0202
Larry Vershel, Larry Vershel Communications, 407-644-4142
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