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From the picture bank
Open Source Edition for Business Reporting Tool
2006-05-16 admin
UBmatrix, provider of software and services leveraging the global XBRL standard, announced the upcoming launch of xBReeze, an online platform dedicated to XBRL-based data exchange. based on a hosted, collaborative application supporting distributed development and tracking of taxonomies, taxonomy extensions,business rules, and other XBRL resources.
Pointing to the success of open source software development in other industries, UBmatrix will offer complimentary use of its software products to open source taxonomy project teams via the new hosted software service: xBReeze Open Source Edition, scheduled for availability next June
The tool will support standards committees, academic groups, or any team of domain experts that wish to design
and publish XBRL taxonomies.
"It is clear that the adoption of XBRL will be accelerated by the existence of high-quality, useful business taxonomies," remarked Sunir Kapoor, President and CEO of UBmatrix. "The market has demonstrated that open source is an ideal way to speed software development, enhancement and customization; UBmatrix has the best tools to support XBRL taxonomy developers. By making our tools available at no charge to any open source developer using xBReeze, we believe a large number of new taxonomies will soon be under development. In fact, we've already started conversations with potential project sponsors who are interested in joining our beta program."
In addition to the Open Source and Professional Editions for XBRL taxonomy development, xBReeze will offer both an edition supporting compliance reporting for European banking institutions and a hosted regulatory reporting
system similar to the one UBmatrix has implemented at the US FFIEC.
UBmatrix is a privately held corporation headquartered in Kirkland, Washington, USA and venture-backed by Draper Fischer Jurvetson.
www.ubmatrix.com/xbreeze
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