Axiom Software Laboratories, Inc. Ports IntegrationCenter™ and RiskMontior® to IBM hardware and software

New York, Tuesday, August 28, 2001 - Axiom Software Laboratories Inc., a leading provider of Enterprise Data and Risk Management solutions, announced today the expansion of its collaboration with IBM, through an agreement to port its IntegrationCenter™ and RiskMonitor® to IBM's eServer* xSeries** cluster running on Linux using DB2 Universal Database. This port gives Axiom's clients a dramatic improvement in value for comparable performance, reliability and scalability.

IntegrationCenter™ is an advanced, user-friendly data management and warehousing system that is database and application independent. It gives customers a simple, flexible and effective way to integrate, administer, deliver and store all data sources across the organization for use in mission-critical applications. IntegrationCenter™ also delivers a powerful tool to adapt to the constant change of every enterprise. RiskMonitor® is Axiom's flagship solution for market, credit and operational risk management. Its wide coverage of risk classes and instruments, combined with a flexible, user-friendly RiskVersion™ application architecture satisfies the most rigorous demands of the most sophisticated market participants.

"We are pleased to be working closely with IBM for this port," says Alex Tsigutkin, President of Axiom Software Laboratories, Inc. "We think IBM's commitment to delivering superior value to it's clients is consistent with our own philosophy, and their technical strengths team well with our own."

"Axiom is a premier supplier of Enterprise Risk Management software components, and we are very happy to have them jump into the high growth Linux business application market," said Scott Handy, director, IBM Linux Solutions Marketing, IBM Software. "IntegrationCenter™ is a versatile data management and warehousing solution that is vital in getting any complex mission-critical enterprise application up and running quickly, efficiently and transparently. Axiom's software, with IBM's Linux clusters and DB2, is a great combination that gives customers high-performance, reliability, and (strike through:) scalability they need."

About Axiom Software Laboratories Inc.

Axiom Software Laboratories has been in the front line of the software industry in developing solutions for true enterprise-wide risk, data management, financial control, compliance monitoring, and reporting. Axiom's proven technology fully meets the rigorous challenge of adapting to different data environments so that mission critical activities can be performed across an organization's entire line of business. Axiom is staffed with skilled, experienced professionals, who are experts in a range of key disciplines, including risk management, database and middleware technology, financial applications, internet expertise and financial engineering. Axiom serves major global financial institutions, large corporations, asset managers and energy companies.