MAJOR SOUTH AFRICAN BANK ACQUIRES AXIOM SL’S CONTROLLERVIEW FOR FSA LIQUIDITY REPORTING

New York – Wednesday, November 05, 2008- Axiom Software Laboratories Inc, leading global provider of Regulatory Reporting and Risk Management solutions has announced today that a major South African Bank has acquired its innovative regulatory reporting and data management products, ControllerView® and IntegrationCenter™ to automate their UK Liquidity Reporting operations.

Given the increasing complexity of liquidity reporting requirements, ControllerView will provide the Bank with the complete functionality to comply with FSA Liquidity Reporting requirements along with internal management reporting. Axiom SL’s FSA subscription service will also guarantee the Bank’s ongoing compliance with regulatory changes. IntegrationCenter provides a unified reporting environment by integrating seamlessly with all of The South African Bank’s transaction processing, reference information and accounting systems for optimum transparency from transactional level to the final reports delivered to the regulators and internal management reporting. With data originating across a wide range of systems, Axiom SL provides financial institutions, with a robust and accurate reporting of high volume of business across a wide range of financial products, a integrated regulatory platform for reporting around the globe.

"Axiom SL’s domain experience and ability to conduct a successful proof-of-concept in a short period of time has secured the Bank’s decision to go with Axiom, explains Patrice Melloul, MD at Axiom. We are happy to add this major South African institution to the rapidly growing user community of Axiom SL products and are looking forward to a swift implementation.”

About Axiom Software Laboratories, Inc.

Founded in 1991, 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.