AXIOM SL TO PROVIDE A MAJOR SWISS BANK WITH ITS FSA BASEL II CAPITAL AND BOE REGULATORY REPORTING SOLUTIONS

New York – November 1, 2006 - Axiom Software Laboratories, Inc. the global provider of Regulatory Reporting and Risk Management solutions has announced today that a major Swiss bank has selected its regulatory reporting and data management products, ControllerView® and Integration Center™.

The Bank selected Axiom SL to support its compliance with the proposed FSA Basel II Directive requirements and regulatory reporting for the FSA and the Bank of England. Axiom SL will provide the complete reporting infrastructure and process management from data input to validation and final report delivery to the authorities.

After a careful selection process and extensive proof of concept with several competing solutions Axiom SL was chosen based on its high score across required functionality, flexibility, performance and industry references.

“We are very proud to add this bank to our growing client list of blue chip financial institutions says Patrice Melloul, Managing Director Axiom SL Europe. “Our solutions will serve as important milestones in the bank’s global Basel II initiative. Axiom SL’s Basel II reporting and regulatory products will ensure full coverage for all UK reports. At the same time they will integrate seamlessly with the present enterprise’s systems and provide necessary Pillar 2 & 3 requirements of the accord. We will continue to work hard to build the new client’s confidence in our company, our people and our solutions.”

About Axiom Software Laboratories, Inc.

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 professionals cover a  range of 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.