Axiom Software Laboratories, Inc. announces general availability of RiskMonitor® to IBM hardware and software

New York, Thursday, January 31, 2002 - Axiom Software Laboratories Inc., a leading provider of Enterprise Data and Risk Management solutions, announced today the completion of the port RiskMonitor®, enterprise Risk Management system on IBM's eServer* xSeries** cluster running on Linux using DB2 Universal Database. Axiom announces general availability of the product to its current and new financial and energy clients world-wide.

Back in November 2001 the data management infrastructure solutions IntegrationCenter™ and Dynamic Data Warehouse™ were made available on the same platform. The new availability of RiskMonitor® and IntegrationCenter™ make a complete Enterprise-wide risk management solution and delivers a great value for comparable performance, reliability and scalability.

RiskMonitor® with IntegrationCenter™ are 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. In view of the Basel II capital requirements, this technology serves as a complete infrastructure platform.

About IBM

IBM (www.ibm.com) is the world's largest information technology company, with 80 years of leadership in helping businesses innovate. IBM creates, develops and manufactures the industry's most advanced information technologies, including computer systems, software, networking systems, storage devices and microelectronics. IBM PartnerWorld is a marketing and enablement program designed to create new revenue and marketing opportunities for IBM Business Partners, and provide customers with e-business solutions including products, services, technologies and marketing.

About Axiom Software Laboratories, Inc.

Since 1989, Axiom Software Laboratories has become a leader in delivering software solutions for enterprise data and risk management, financial control, compliance monitoring and reporting. Axiom's proven solutions continue to meet the challenges of adopting advances in technology, while adapting to dynamic change in markets and clients' data environments for mission-critical enterprise activities. Axiom's people are skilled professionals and experts in a range of key disciplines, including risk management, database and middleware technology, financial applications, Internet technology and financial engineering. The company serves financial institutions, corporations, asset managers and energy companies either through its software licensing and support or through its outsourcing services ASP.