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PRESS RELEASE: Axxiome Group celebrates successful year of foundation

30.07.2010 -

PRESS RELEASE: Axxiome Group celebrates successful year of foundation

Axxiome Deutschland GmbH / Axxiome Group celebrates successful year of foundation processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

Axxiome Group celebrates successful year of foundation - financial service
providers demonstrate major consulting requirements, particularly for SAP
Banking

Axxiome Group is delighted with its first year in business, irrespective of the
financial crisis. The trend seeing major banks and insurance companies opt for
standardised IT systems for bulk business administration is increasing.

Unterhaching, St. Gallen, 30 July 2010. A spin-off of the ifb group, the Axxiome
Group was founded on 1st July 2009 and offers process and module consulting and
development services in relation to SAP Banking, SAP Insurance and SAP ERP
Financials.

The Axxiome Group management and consultants have longstanding mutual experience
in developing these business segments within Europe as well as North and South
America. Accordingly, the staff are also able to call on extensive project
know-how and consulting expertise. In addition, the establishment of further
companies in Mexico and Brazil is imminent. Overall, the number of employees
rose from 80 to 120 in the first year of business.

Michael Mauk, CEO of Axxiome AG, St. Gallen, stated, "After an intensive and
successful founding year, we are delighted with the exceptionally positive
response from our customers and partners as well as the tremendous interest
shown by the market in our longstanding, international experience in banking
system optimisation. The move has proved to be a worthwhile step, despite or
perhaps precisely because of the realignment going on in the financial markets.
My thanks for the tremendous support we have received go out to our customers,
partners and particularly my colleagues."

Axxiome Group customers comprise internationally operative banks, insurance
companies, financial service providers and corporates wishing to standardise or
industrialise their business processes through the introduction or optimisation
of IT systems, primarily using SAP solutions. Process consulting carefully
tailored to customer needs and precise implementation within the system help
reduce costs and complexity, in turn increasing margins and efficiency. Core
Banking (also called Transactional Banking), for example, incorporates systems
for the administration of current accounts, savings accounts, time deposits,
securities and loans.

Together with its partners, Hartter and maihiro,, Axxiome Deutschland GmbH will
be presenting its banking platform at the SAP Banking Congress on 28th and 29th
September 2010 in Frankfurt a. M. Visitors will have an opportunity to observe
the stages of a transaction system, from the opening of an account and
generation of bankcards through to tracing transactions, including the
calculation of interest and due dates.

Axxiome Group
All 120 or so employees working for Axxiome are experienced specialists in IT
architecture and solutions for Banks and Insurance companies. The essence of
their work centres on consulting and development, with Banking and Insurance
being the primary market segments. In addition to portfolio management
consulting, the focus lies on SAP consulting with its principal areas of SAP ERP
Financials, SAP Core Banking and SAP Insurance. We guarantee comprehensive
project success, from initialisation and conception through to realisation and
going live.

Relying on its exhaustive knowledge of SAP Netweaver technologies, Axxiome also
delivers robust, secure, customised solutions for financial applications and
integrates processes and data into standard platforms.

Specifically in relation to insurance companies, Axxiome offers longstanding and
detailed know-how regarding each and every phase and dimension of your SAP
Insurance implementation project.

www.axxiome.com

Contact person

Axxiome UK
Regus House
Windmill Hill Business Park
Whitehill Way
SN5 6QR Swindon
United Kingdom

Dean Hoffman
Managing & Operations Director UK
Office phone: +44 1793 441 420
Mobile + 44 (0) 7767 228107
dean.hoffman@axxiome.com
www.axxiome.com

Axxiome Group
Teufener Str. 11
CH 9001 St. Gallen

Michael Mauk
CEO Axxiome Group
Tel. +41 71 222 7517
Fax +41 71 222 7519

Email: Michael.Mauk@axxiome.com

[HUG#1435048]

--- End of Message ---

Axxiome Deutschland GmbH
Regus House - Windmill Hill Business Park Swindon United Kingdom

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.

Source: Axxiome Deutschland GmbH via Thomson Reuters ONE

http://www.axxiome.com

(END) Dow Jones Newswires

July 30, 2010 07:44 ET (11:44 GMT)

( dowjones )