AXIOM SL IS RECOGNIZED AS A LAUREATE BY THE COMPUTERWORLD HONORS PROGRAM FOR ITS BASEL II and INTEGRATION CENTER SOLUTIONS

Longest Running Global Program Pays Tribute to Individuals and Organizations that Use Information Technology to Benefit Society

New York – June 6, 2006 - Axiom SL has been recognized as a Laureate by the Computerworld Honors Program. For almost two decades, Computerworld Honors has acknowledged those individuals and organizations that have used information technology to benefit society. On June 5, 2006, Axiom Software Laboratories was honored in Medal Ceremonies at the Andrew W. Mellon Auditorium in Washington D.C.

There are a number of reasons for this. The rules of the game are changing fast, there is no common risk framework that can bring debate forward and company structures are rapidly changing. But through all of this, there are some common-sense truths that can help a company through the process.

“This is a great honor and a wonderful feeling for our team to have been recognized by the Computerworld Honors Program,” says Alexander Tsigutkin, Founder & CEO of Axiom, “We were nominated by Morgan Stanley and I am happy that our company’s 15 years of R&D investment in our risk management, financial control and data solutions has been acknowledged by some of the world’s leading experts.”

Members of the chairmen's committee identify organizations whose use of information technology has been especially noteworthy for the originality of its conception, the breadth of its vision and the significance of its benefit to society.  Independent of the Laureate recognition, the Computerworld Honors Program also annually presents its Leadership Awards, each designed to honor the extraordinary achievements of selected individuals whose positive contributions to the IT revolution have left an indelible mark on the world.

“Each year, the Computerworld Honors Program seeks to recognize organizations, from a variety of sectors, for their ongoing efforts to utilize technology in order to benefit society,” said Bob Carrigan, Chairman of the Computerworld Honors Program Chairmen’s Committee and President, IDG Communications. “We are proud to provide a platform to publicly acknowledge these contributions. Each laureate selected for this honor understands the importance of using one’s resources and technical prowess to benefit one’s fellow man,”

About Axiom SL
Founded in 1989, Axiom SL is a leader in software solutions for enterprise risk management, data management, regulatory reporting and compliance. Axiom SL's proven technological platform solves the highly complex data, risk and financial management challenges faced by the world’s leading financial services clients.  Axiom SL’s products help these clients deal with the dynamics of business and technology changes, adapting to different data and technical environments, allowing mission-critical activities to be performed across an entire enterprise.  Axiom SL's skilled professionals cover a complete range of relevant disciplines, including risk management, database and middleware technology, financial control and regulatory reporting. The company serves major global financial institutions, large corporations, asset managers and energy companies.

About Computerworld
Computerworld, the “Voice of IT Management,” is the most trusted source for the critical information needs of senior IT management. Computerworld’s integrated offerings form the U.S.-based hub of the world’s largest (58-edition) global IT media network through its weekly publication, Computerworld.com Web site, focused conference series and custom research. In the past five years alone, Computerworld has won more than 100 print and online awards for editorial and design excellence, surpassing its direct competition by an order of magnitude. Recognition includes the 2005 Magazine of the Year Award from the American Society of Business Publication Editors and a Jesse H. Neal Award for “Best News Coverage.” In print since 1967, Computerworld is the source for information technology management, with a guaranteed rate base of 180,050, a total print audience of 1,138,000 (IntelliQuest CIMS 2005 Business Influencer Study) and an online audience of over 1 million unique monthly visitors (Omniture).