Archive Systems Announces New Chief Executive Officer

    FAIRFIELD, NJ, June 22, 2009 /24-7PressRelease/ -- Archive Systems, a leading provider of accounts payable automation and records management services, today announced the appointment of Gordon Rapkin as Chief Executive Officer.

Bringing more than 20 years of executive experience, Mr. Rapkin will oversee Archive Systems' ASPEN 360 solutions and records management services. "I am very excited to join Archive Systems and look forward to building on the company's rich history as a leader in physical records management," said Mr. Rapkin. "Our innovative ASPEN 360 Accounts Payable Edition sets the standard for accounts payable automation. We also offer a range of physical and digital solutions that enable companies to transition seamlessly from invoice archiving to straight through processing in which invoices are matched automatically and passed directly to an ERP system."

Prior to joining Archive Systems, Mr. Rapkin was President and Chief Executive Officer of Protegrity, a leader in Enterprise Data Security Management. He also previously held executive positions at Transcentive, Inc., Decision*ism, Inc., and Hyperion Software, helping to guide each company through consecutive years of growth.

"Gordon is a seasoned business executive with experience in sales, marketing, technology, product management and finance who is well-suited to guide Archive Systems to its next level of success," stated Joe Allegra, Archive Systems' board member, investor and a General Partner of the Edison Venture Fund. "The board and management are looking forward to working with Gordon to take advantage of the growing demand for our integrated series of record management and SaaS solutions."

Mr. Rapkin can be followed on Twitter at www.twitter.com/ArchiveSysCEO.

About Archive Systems, Inc.
Archive Systems, Inc. flagship solution, ASPEN 360 Accounts Payable Edition, combines best practices AP Automation with ZeroTouch AP imaging and workflow. The product increases efficiencies and reduces costs with features such as straight through processing, which uses automated three-way matching to auto match invoices to PO and receipt line items without AP processor intervention. It includes the ASPEN 360 Invoice Virtualization Center, which removes from the client all tasks associated with document imaging, data capture, document classification, indexing, and OCR. The company also provides physical records management services such as business records storage, document shredding, and offsite data storage, through a number of Record Center locations. For more information, please visit www.archivesystems.com.

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