DecisionSoft and Business Wire announce formation of CoreFiling Limited
Oxford, 22nd February 2005
Business Wire, the global leader in financial news distribution, and UK-based DecisionSoft Limited, the world's premier XBRL components vendor, have created CoreFiling Limited to provide XBRL consulting services, data validation and enhanced data management, it was announced jointly today by Cathy Baron Tamraz, President of Business Wire and Philip Allen, Chairman of DecisionSoft.
"CoreFiling Limited will work with filers, regulators, exchanges and the financial community, to provide expertise in XBRL," said Allen. "The XBRL standard can be applied to a wide range of business and financial data, including internal and external financial reporting, and to all types of regulators."
"With the growing interest worldwide in the XBRL standard for financial data presentation, we believe we jump to the head of the class as the global leader in this new technology," said Tamraz. "XBRL has the potential to revolutionize business reporting as we know it, by providing significant benefits in the preparation, analysis and communication of this information."
The CEO of CoreFiling will be John Turner. He will be joined on the Board of CoreFiling by Philip Allen, Steve Messick (Business Wire's Chief Information Officer), Michael Becker (Manager of Global Disclosure and Financial Reporting Services for Business Wire), and Peter Day (CEO of DecisionSoft).
Turner has joined the company from KPMG LLP where he ran their XBRL global services team, focused on the way that digital business reporting enhances transparency and understanding for financial markets and regulators alike. Prior to his recruitment by KPMG, Mr Turner led the reform of data collection and analysis for two national financial regulators in Australia. A member of the XBRL International Steering Committee, Mr Turner is a leader in the field of electronic business reporting.
The Company will be based in the UK, with offices in London and Oxford and a sales and consultancy office in New York City.
About Business Wire
Business Wire was founded in 1961 by Chairman/CEO Lorry I. Lokey, veteran journalist and public relations executive. The company's multi-channel delivery network, with access to some 60 international and national news agencies, financial information providers and Web-based news services throughout North America, Europe, Asia, Latin America, the Middle East and Africa, provides real-time, simultaneous access to key audiences -- the news media, trade publications, institutional and individual investors, business-to-business decision-makers and consumers.
Business Wire electronically disseminates some 1,000 full-text news releases daily to the media, the Internet, online services and databases, and the global investment community in 150 countries in 45 languages. Business Wire has 24 U.S. offices, Frankfurt, London, Stockholm, Brussels, Sydney and Tokyo offices, and reciprocal offices throughout the world.
DecisionSoft Limited, founded in 1997, is one of Europe's leading XML vendors, with a substantial history in the successful design, publication and validation of XML and XBRL. Its success is based on tools and services created with an uncompromising commitment to engineering excellence.
DecisionSoft's True North suite provides enterprise-strength XBRL processing. The flagship True North validator is used by regulators on both sides of the Atlantic. Boasting world-leading XBRL developers, DecisionSoft products are regarded by many as the "gold standard" in this field.
Based in Oxford in the United Kingdom, DecisionSoft is a private company.