Market Wire to Make Rivet's i-Fi Suite Available to Its Clients
DENVER, CO and LOS ANGELES, CA -- (MARKET WIRE) -- September 27, 2006 -- Rivet® Software, a leader in interactive business software, and Market Wire(TM), a leading newswire in North America and a full-service distributor of company press releases and material news, today announced a partnership to extend the benefits of interactive data and XBRL® (Extensible Business Reporting Language) to Market Wire customers. Under the terms of the agreement, Market Wire clients will have access to the full suite of Rivet software solutions and service offerings for the creation, distribution and analysis of XBRL data.
Rivet's i-Fi(TM) Suite of interactive financial solutions allows Market Wire clients to take full advantage of interactive data and to participate in the U.S. Securities and Exchange Commission's (SEC) Voluntary Filing Program for submitting financial information in XBRL format. The partnership will provide access to the following Rivet solutions:
-- Dragon Tag®, a Microsoft® Office-based product for creating
instance documents and company extension taxonomies
-- Dragon View(TM), a robust XBRL taxonomy and instance document
viewer that enables exporting information into Microsoft Excel®
and forms the basis of the forthcoming SEC XBRL viewer prototype
-- Crossfire(TM) Analyst, the first business-focused application to
deliver a fully scalable solution that enables organizations to
easily collect and analyze XBRL data
-- SEC Markup Package, a complete software and service offering for
creating and reviewing XBRL financials for submission to the SEC
"Market Wire strongly supports the XBRL initiative and believes in the potential of the standard to revolutionize the way our customers use financial data," said Michael Nowlan, president and CEO of CCNMatthews, parent company of Market Wire. "Our partnership with Rivet offers our customers the ability to not only mark up and tag their financial information, but also the ability to view and analyze that data."
The concept of interactive data and XBRL has been advanced by SEC Chairman Christopher Cox as the primary means for efficient access, validation and analysis of financial data. On Monday, the SEC awarded three separate contracts totaling $54 million to several companies including Rivet to modernize the current EDGAR® system to take full advantage of the potential benefits of interactive data. With these contracts in place, investors will soon be able to more easily search, view and analyze companies' financial results that have been furnished in interactive data format.
"The acceptance of XBRL as the best and most efficient means for the analysis of financial information continues to increase, and we are pleased to partner with Market Wire to help spread its adoption even further," said Robert Rohan, executive vice president of Rivet. "Rivet is committed to making interactive data adoption both easy and affordable for business professionals, and we see the creation and distribution of XBRL documents via Market Wire as a significant step forward."
About Market Wire
Market Wire, a CCNMatthews Company, is a full-service distributor of corporate press releases. The company boasts one of the largest media distribution footprints in North America with the most secure and cost-effective distribution of real-time news to thousands of media outlets including AP, Dow Jones, Bloomberg, Reuters, Yahoo!, and MSNBC.
Committed to world-class client service, industry-leading distribution, technology innovation and market-leading strategic relationships, Market Wire serves PR and IR professionals with key workflow solutions including Easy PR/IR, SEO, ListLogix, and more.
A full listing of the company's products and specific distribution points can be found at www.marketwire.com.
About Rivet Software
Rivet Software is an innovator in developing effective and easy-to-use interactive business solutions. Based in Denver, Colorado, USA, Rivet Software is focused on addressing new worldwide technology requirements for the business reporting and accounting community. All Rivet Software products adhere to the XBRL global reporting standard and work with the de facto standard desktop software, Microsoft Excel and Word. The company's management team includes industry veterans and founding members of the XBRL community. For additional information, please visit www.rivetsoftware.com.
© 2006 Rivet Software, Inc. and Market Wire. All rights reserved. Rivet, i-Fi, Crossfire, Dragon Tag and Dragon View are either registered trademarks or trademarks of Rivet Software, Inc. in the United States and/or other countries. XBRL is a registered trademark of XBRL International, Inc. All other trademarks are the property of their respective owners.
Media Contacts: Rob Blake Rivet Software +1-720-249-2100 email@example.com
Jamie Ernst Brodeur, for Market Wire 210-495-5757 firstname.lastname@example.org
SOURCE: Market Wire; Rivet Software, Inc.
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