Conexxus

Conexxus Receives Trademark Registration from The United States Patent and Trademark Office

Thu, 10 Jul 2008 09:31 GMT

Conexxus®, developer and marketer of compliance content management software, is proud to announce the official trademark registration from the United States Patent and Trademark Office for both the Conexxus name and logo.

“Conexxus is very excited to have received official notice of trademark registration for both the Conexxus name and logo,” shares Jeff Reibel, Conexxus Founder and CEO.

“With companies currently attempting to streamline compliance efforts and associated costs, continued formal advancement of our patent-pending technology, including the now official trademark registration, is crucial to addressing compliance management objectives for corporations regardless of size or industry. Companies are facing tough economic conditions and cost pressures today and as a result are looking to do more with less. We firmly believe that the Conexxus Compliance Content Management Solution can help companies reduce both the internal and external costs of compliance,” Jeff Reibel concludes.

Xperianz Announces Partnership Agreement with Conexxus

Tue, 04 Mar 2008 06:40 GMT

Partnership Provides Complete Solution Pairing Compliance Content Management Software with Experienced Professional Financial Services

Xperianz, a professional consultancy providing on-demand business expertise, announces a distribution partnership with Compliance Content Management Solution provider, Conexxus, LLC. The partnership enhances Xperianz’ proficiency in helping clients reduce cost, manage risk, and leverage people, processes, and technology with the addition of the robust Conexxus software solution. This unique combination will enable Xperianz’ clients to electronically manage documentation, processes, and achieve regulatory compliance.

Xperianz serves clients in the areas of finance and accounting, operations, and technology by bringing proven, real-world expertise and best-in-class solutions to bear on business problems, initiatives, challenges, and changes. Xperianz’ financial services include corporate governance, compliance & optimization, internal audit, and merger & acquisition support.

Based in Louisville, Kentucky, Conexxus develops customizable Compliance Content Management Software solutions. Conexxus, which means “to join or bring together”, enables companies to connect back office and compliance functions to maximize productivity and lower costs. Their patent-pending solution enables continuous monitoring and auditing of processes, decreasing risk while driving higher shareholder valuation.

Jim Orms, COO of Conexxus, states, “Conexxus is very enthusiastic to launch the partnership with Xperianz. The combination of the Conexxus product with Xperianz’ expansive service portfolio equips Xperianz with a complete go-forward compliance solution that will reach beyond expert consultant services for future clients. In addition, our Compliance Content Management System is an absolute value-add for existing Xperianz clients looking to reduce compliance costs and drive productivity while increasing visibility to information. We are eager to work together to provide unmatched solutions which save valuable time and money for our clients.”

“In this ever-changing regulatory environment,” added Peter Scully, CEO of Xperianz, “we want to offer our clients the best solution for their situation. Many situations call for turn-key compliance management solutions, from documentation through audit, assisting clients with their business processes and helping prepare them for regulatory compliance measures. Our partnership with Conexxus enables us to do just that. As compliance measures expand and are deemed mandatory for additional sectors, with our help, our clients will be fully prepared to comply.”

About Xperianz:

Xperianz is a professional consultancy that provides on-demand business expertise to help clients reduce cost, manage risk, and leverage people, processes and technology for competitive advantage. They have deployed a consulting model that leverages local, senior-level consultants with the depth of expertise to frame and deliver completely customized solutions to meet the growing demands of today’s value-driven companies.

Offices in: Cincinnati, Cleveland, Columbus, Dayton, Indianapolis, Pittsburgh, Louisville

For more information:
Visit www.xperianz.com or contact Mark Mutch at 513-576-1970 x260.

Conexxus Wins High-Tech Loan Award

Thu, 31 Jan 2008 11:09 GMT

Conexxus, LLC was recently honored as a recipient of up to $238,000 in funding from the High-Tech Investment Pool administered by the Cabinet for Economic Development of Kentucky (the Cabinet). Under the agreement Conexxus agreed to create 14 high-tech and technical support jobs for Kentucky residents by December 31, 2010.

The award was granted along with two other Kentucky based companies. Commenting on the announcement, John Hindman, Cabinet Secretary, said, “The Cabinet is pleased to invest in such innovative and promising Kentucky companies.”

Commenting on the announcement, Jeffrey T. Reibel, Founder and Chief Executive Officer of Conexxus, said, “We are greatly honored to receive funding from the High-Tech Investment Pool. The grant recognizes the strength and viability of Conexxus, while providing funds to continue our expansion. We look forward to creating high-tech jobs for Kentucky residents and to a long, continuing relationship with the Cabinet.”

About The Kentucky Cabinet for Economic Development
The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for creating new jobs and new investment in the state. New business investment in Kentucky in 2007 totaled nearly $2 billion with the creation of over 13,400 new jobs. Information on available development sites, workforce training, incentive programs, community profiles, small business development and other resources is available at www.ThinkKentucky.com.

About Conexxus
Conexxus is a provider of software solutions in the Compliance Content Management market. The Company provides customers simple, cost effective compliance solutions through a wide range of integrated product offerings across the electronic document retention, workflow, and compliance markets. Customers gain significant productivity savings while gaining real-time visibility to compliance related issues. For more information about Conexxus, visit its Web site at www.conexxus.com.

Event to celebrate 13 'hot' local companies

Thu, 06 Dec 2007 03:58 GMT

Enterprise Corp. and the High Impact Program will hold an event this week to celebrate the success and potential of 13 area companies.

The event, called The Hot Dozen Holiday Showcase, will be held from 4:30 to 6:30 p.m. on Wednesday, Dec. 12, at the Old National Bank in Preston Pointe, 333 E. Main St.

The companies that will be recognized are: 3DR LLC, Conexxus, Dormbuys.com, Fulfillment Concepts, Genscape, Maximum ASP, Modern Gigabyte, Nomad Innovations, Peptides International, Resonant Vibes, Skyway USA, Smoothstone IP Communications and ZirMed.

Louisville Metro Mayor Jerry Abramson and the clients and partners of Enterprise Corp. and the High Impact Program will be in attendance.

The Hot Dozen Holiday Showcase is free to attend, but an RSVP is required by Monday, Dec. 10.

The High Impact Program is a public-private partnership formed by Louisville-Jefferson County Metro Government and GLI that identifies and serves fast-growth companies. The Enterprise Corp. is a division of GLI that supports entrepreneurship.

From Business First of Louisville

Connections give software company a quick start

Fri, 23 Nov 2007 04:03 GMT

Former AIC founders joined effort to create software that tracks financial information

Business First of Louisville - by Ed Green Business First Staff Writer

Jeff Reibel understands what it's like to be in the right place at the right time.

In many ways, that is why he is where he is today, running Conexxus LLC, a startup software company that is preparing to launch its products in the Louisville market.

Reibel formerly worked as an auditor and consultant with accounting firm Ernst & Young LLP and as corporate controller for publicly traded Sypris Solutions Inc. He said he could not have founded Conexxus if he had not worked in those jobs when he did.

Conexxus develops software to help financial officers and other company accountants manage regulatory burdens. Reibel's idea for the company was built on his financial experiences and from ideas he developed while in those previous positions.

Conexxus' software works with clients' existing financial software and systems and helps officials identify tasks and projects that must be completed. It also logs which tasks have been completed, along with the time, date and person who completed the task, creating a mostly paperless process.

At the time of an audit, outside firms can review the electronic log to verify that a company is taking the appropriate steps to ensure that its financial data are accurate and complete, Reibel said.

And by automating the process, a firm can save the valuable time that accounting employees typically spend making thousands of copies of documents and preparing detailed binders of financial information in preparation for an outside audit.

Advanced Imaging connection helped

Reibel said he developed the idea for the software when he was at Sypris, where he was principal accounting officer until August.

While working at the Louisville-based technology and manufacturing company, Reibel realized that many of the employees in his charge were required to spend far too much time away from their day-to-day jobs in preparation for audits.

And that time away increased steadily as a result of more stringent regulations that came with the federal Sarbanes-Oxley Act of 2002.

"All our operations and people were being taxed," he said. "It didn't make any sense to have these highly paid, skilled people making copies."
Reibel thought that if the process could be automated, accountants and bookkeepers could go back to their work.

So he developed his idea and sought help from two of his previous clients at Ernst & Young -- John P. Reinhart and Jeffrey D. Amrein, the founders of electronic records company Advanced Imaging Concepts LLC.

AIC, which was sold by its founders in 2003 to Allscripts Healthcare Solutions Inc., developed a software to manage electronic records for physicians' offices.

The company's Impact.MD system combined document imaging, scanning and management software to help eliminate paper processes at physicians' offices.

Software similar to former AIC product

Reibel said the program he envisioned was much like the one developed at AIC, only for accountants instead of doctors and their staffs.

So he sought advice from the AIC founders, who are investors in Conexxus. Reibel also enlisted the help of Jim Orms, the former vice president of operations and chief information officer for AIC.

Orms joined Conexxus as president and chief operating officer in July.

Together, the team has developed the software and obtained $25,000 in funding from the state's Kentucky Enterprise Fund and undisclosed amounts from private investors.

The company has grown to eight employees.

So far, it has only two customers: home health care company Almost Family Inc. and an unidentified private company.

Growth, more funding expected

But the number of employees and clients is expected to grow soon, Reibel said, as the company adds sales and support staff. The founders also expect to seek about $1 million to $1.5 million in additional funding from state pools and private investments.

The company has begun marketing its software in the Louisville area with hopes of expanding regionally, Reibel said.

And because the software can be customized to fit any company that must complete numerous regulatory tasks and is subject to outside audit, there is a potentially large market across the United States.

"Where we go from here is all going to be dictated by how fast software sales ramp up," he said. "There are over 14,000 public companies in the U.S. alone, and that is before you even go out to the private companies that need audits," such as financial institutions or nonprofits. "I don't know how to even quantify this market."

It makes an audit a 'non-event'

Reinhart, who started his career as a CPA with a public accounting firm, is chairman of Conexxus' board of directors. He said he thinks the product will be well received because it simplifies a complicated process that many companies encounter.

"I think accountants, like everybody else, they love tools that aid and help them with their jobs," he said. "As an old auditor, (I) recognize the tremendous reliability of good controls ... and this really sets the standards for controls that really govern a business' operations."

Mark McWane, director of information services for publicly traded Almost Family, said he likes using the software designed by Conexxus.

Conexxus used Almost Family's offices as a sort of incubator for its development, and the company now is a client of Conexxus.

It is using the software in preparation for this year's outside audit, which is required by the U.S. Securities and Exchange Commission.

Before using the Conexxus software, "I was the one faced with printing all the binders and getting all the binders together for an audit," McWane said, adding that it might take dozens of hours to complete that process.

When Almost Family officials did a recent "walk-through" with accounting firm Mountjoy & Bressler LLP in preparation for the annual audit, it was much simpler, McWane said.

"They came in, we sat them down with Conexxus and showed them they had access to everything electronically, and we didn't have to print out anything for them in binders. ... It makes an audit a non-event."

Conexxus LLC
Business: An early-stage company that has developed software to manage tasks related to compliance with the federal Sarbanes-Oxley Act and other auditing requirements

Founded: 2006, as Interactive Documentation Solutions LLC

Principals: Jeff Reibel, CEO; Jim Orms, president and chief operating officer; John P. Reinhart, chairman; Jeff Amrein, partner

Headquarters: 1302 Clear Springs Trace

Employees: Eight, including partners

Investments: $25,000 from the state's Kentucky Enterprise Fund, plus an undisclosed amount from private investors

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Optical Image Technology Announces Alliance with Conexxus, LLC

Fri, 05 Oct 2007 03:05 GMT

Partnership Provides Complete Content Management and Compliance Solutions for Business

STATE COLLEGE, PA – October 5, 2007 - Optical Image Technology, Inc. (OIT), developer of DocFinity® workflow and document management software, announces its strategic alliance with compliance content management solution provider Conexxus®. The partnership offers present and future customers access to a complete business solution that includes integrated digital workflow, document management, and compliance management software. Businesses subject to stringent regulations will benefit from the seamless integration of products and easier management of information as well as compliance.

Based in Louisville, Kentucky, Conexxus develops software products in the compliance content management arena. Conexxus, which means “to join or bring together”, enables companies to connect back-office and compliance functions to maximize productivity and lower costs. Their patent pending solutions enable continuous monitoring and auditing of processes, decreasing risk while driving higher shareholder valuation. Conexxus One X helps organizations to streamline internal audit procedures in preparation for Sarbanes Oxley (SOX) compliance, while mitigating business process interruption and reducing compliance costs.

Optical Image Technology develops the DocFinity suite of integrated electronic document management and workflow products, connecting people to information wherever and whenever they need it. The software enables companies to centrally store paper, digital, and audio files; leverage information stored in other software applications; work faster and smarter; and provide better customer service. The company has received three national awards and commendations in 2007 in recognition of its contributions toward the transformation of business.

Jeff Reibel, CEO of Conexxus, states, “Conexxus, LLC is extremely excited to partner with Optical Image Technology. The addition of the Conexxus suite of compliance products to DocFinity’s proven technology will drive further savings across our joint customer base. Our Compliance Content Management and Audit Solution is a perfect value-add for existing DocFinity clients looking to reduce compliance costs and drive productivity while increasing visibility to information. Likewise, DocFinity technology will expand workflow efficiencies and imaging capabilities while decreasing costs for Conexxus clients. We are eager to work together to bring our joint customers unmatched solutions which save valuable time and money.”

Jim Thumma, Vice President of Sales, Marketing and Professional Services for Optical Image
Technology, adds, “The truth is that the age of compliance is still in its earliest phases, and those
of us in the private sector must get ready because it is no longer just a public sector burden. The
partnership is very exciting, and it allows us to introduce a dynamic company to our present and future clients. Jeff and his team bring a wealth of experience to the table, along with a terrific
solution."

About Optical Image Technology, Inc. (www.docfinity.com):
Optical Image Technology's (OIT) software makes information more manageable, people more productive, and companies more profitable. Since 1986, OIT and its DocFinity® suite of integrated workflow and document management software have helped businesses address their document management and business processing needs. OIT offers robust, flexible products that include document imaging, workflow, COLD-ERM, a Web services API, and more. OIT serves customers across all major industries, including healthcare, insurance, financial services, government, education and other markets. DocFinity enables these organizations to increase profitability, improve productivity, and enhance customer satisfaction by helping them to work faster and smarter, allowing them to gain a competitive edge in the marketplace. For more information, please visit www.docfinity.com.

About Conexxus:
Conexxus, LLC. develops, markets, and supports software products in the compliance content management arena serving finance professionals of both public and private organizations. Conexxus provides integrated product offerings including electronic document retention and management, workflow, monitoring and compliance. Learn more about Conexxus solutions online at www.conexxus.com.

Conexxus is Invited to GAP Fund and Collects ICC Concept Grant

Mon, 10 Sep 2007 03:04 GMT

Conexxus, LLC accepts the invitation to the GAP Fund application process, presented by Kentucky Science and Technology Corporation (KSTC).

The Gap Fund is part of the Kentucky Enterprise Fund, which is managed by KSTC to provide seed and early-stage capital to small and medium-sized Kentucky companies with high-growth potential. The GAP Fund helps companies bridge the gap between the time after which they have received pre-seed/early stage seed funding and when they become "venture-ready." Awards are up to $400,000 and are provided through a qualified financing exceeding one million dollars ($1M). Only Companies invited by KSTC are able to apply for the GAP Fund.

As previously announced, Conexxus, LLC was honored as a recipient of the ICC Concept Grant Award from Kentucky Science and Technology Corporation (KSTC). The $25,000 ICC Grant was designated for reimbursement of salaries and wages incurred during the development of Conexxus’ unique and competitive core technology, the innovative compliance content management software solution serving finance professionals, and to finalize preparation for its 2007 market launch. Conexxus successfully completed the requirements pertaining to the grant and has received the final installment of the award.

Commenting on the announcement, Matthew McGarvey, Vice President, Commercialization and Venture Finance of KSTC, said, “We are pleased to aid the development of the Conexxus core technology with an ICC Concept Grant, which helped bring Conexxus’ core technology to market. Conexxus has demonstrated an ability to deliver and we are excited about their market opportunity. GAP Fund applicants undergo a rigorous due diligence process by KSTC and we look forward to continuing our work with Conexxus.”

Jeffrey T. Reibel, Founder and Chief Executive Officer of Conexxus, said, “It is with great honor that we accept the invitation to apply for the GAP Fund and continue working with KSTC. The nomination further supports the strength and viability of the Conexxus concept and is a tribute to the efforts of our development team in its efforts to bring the Conexxus solution to the market. As demand grows, the GAP Fund can significantly boost our ongoing efforts to take our products to the regional and national levels; we will work hard to win the GAP Fund. We further thank KSTC for initial support through the ICC Concept Grant Award and for the invitation to apply to the GAP Fund.”

About Kentucky Science and Technology Corporation
The Kentucky Science and Technology Corporation is a private, nonprofit corporation committed to the advancement of science, technology and innovative economic development founded on Kentucky know-how. KSTC is a fast-paced leader with a reputation for developing and managing creative initiatives in education, economic competitiveness and scientific research. Established in 1987, KSTC is governed by a Board of Directors comprised of leaders from business, education, and government. KSTC is an entrepreneurial company dedicated to enhancing the capacity of people, companies and organizations to develop and apply science and technology and compete responsibly in the global marketplace. To learn more, visit www.kstc.com.

About Conexxus
Conexxus is a provider of software products serving finance professionals in the Compliance Content Management industry. The Company provides a wide range of integrated product offerings across the electronic document retention, financial workflow, and financial compliance markets. For more information about Conexxus, visit www.conexxus.com.