Information Builders Partners With UBmatrix to Meet Customers' XBRL Reporting Requirements

NEW YORK, NY and REDWOOD CITY, CA--(Marketwire - May 19, 2009) - Information Builders, an independent leader in business intelligence (BI) solutions, today announced WebFOCUS Financial Reporting Exchange, the only BI platform to provide the ability to publish and consume eXtensible Business Reporting Language (XBRL). By integrating UBmatrix's XBRL Processing Engine, Information Builders WebFOCUS Financial Reporting Exchange removes the complexity and cost of global financial reporting by automating the process of filing XBRL for users and facilitating internal financial reporting from different company entities.

With WebFOCUS Financial Reporting Exchange, Information Builders enables customers to automatically generate financial reports for any data source or ERP system, transform these reports into XBRL documents, validate both taxonomy structure and data, and then publish results. This new offering effectively hides the complexity of XBRL from the end user and performance management software developer, providing fully audited processes as well as intra-company financial reporting. The product leverages UBmatrix XBRL Processing Engine to support the wide range of XBRL taxonomies in use and provides another level of validation for filing government reports.

The SEC mandate requires every public company to file in XBRL. Companies categorized as "large accelerated filers" with a public float of more than $5 billion are required to begin filing XBRL on or after June 15, 2009. All other large accelerated filers are slated for transition to XBRL in 2010, and every other publicly traded issuer is scheduled for changeover in 2011.

"For decades, professional securities analysts have been able to access a rich set of financial and non-financial data from thousands of public companies," said Robert Kugel, Senior Vice President of Ventana Research. "However, it's never been easy for them or individuals to assemble and digest this data. The SEC's interactive data project, which uses XBRL, is just the start. XBRL can and will be used for more than external financial statements. Public and private companies will use it for their internal reporting purposes because it can increase the accuracy and relevance of their management reports."

Key features of WebFOCUS Financial Reporting Exchange include:

--  Integration of the XBRL mapping process within WebFOCUS' Financial
    Report Modeling so that the same tool used to develop any WebFOCUS report,
    whether financial or otherwise, can create reports that output XBRL
    Instance Documents
--  Use of any WebFOCUS-accessible data source in the XBRL Instance
    Document creation process
--  Ability to validate an XBRL Instance Document against the XBRL
    Taxonomy used in its creation to ensure that only valid tags (Concepts)
    were used, all calculations sum properly, and all the data needed for a
    valid XBRL Instance Document exists within the Instance Document
    

"Filing government XBRL statements should be an automated process with little human interaction, but for many it's a time and cost intensive manual, Excel-dependent process," said Gerald Cohen, president and CEO, Information Builders. "By automating the reporting process end to end, our customers can now easily publish their performance and financial data in WebFOCUS for internal benchmarking while meeting the reporting requirements not only for XBRL, but also for Basel II, IFRS, and other global reporting standards."

For customers who require the ability to extend existing XBRL taxonomies for either internal or compliance usages, Information Builders will also resell the UBmatrix Taxonomy Designer.

"Information Builders recognized our leadership in XBRL reporting and functionality and has effectively enhanced its time to market by embedding our processing engine," said Thomas Reinemer, executive vice president, Business Development and Services, UBmatrix. "The new product represents a greater level of functionality and includes a processing engine to map effectively from performance management initiatives to concepts in the XBRL taxonomy, and validate them for accuracy. With this product and the ability to sell the UBmatrix Report Builder and Taxonomy Designer, Information Builders is now offering companies both long-term and interim solutions for their reporting needs."

About UBmatrix

UBmatrix, Inc. is the leading provider of XBRL-based information exchange solutions for global organizations and enterprises, allowing them to more efficiently and effectively address the challenges of business and financial information management, exchange, and reporting. XBRL is fast becoming the standard for financial information exchange and reporting demonstrated by the XBRL programs being driven by the SEC, FDIC, and the European Central Bank Supervisors. UBmatrix XBRL solutions increase operational efficiency and financial transparency, and ensure reporting accuracy and regulatory compliance. UBmatrix is based in Silicon Valley with development centers in Bellevue, WA, and New Delhi, India. For further information, visit www.ubmatrix.com

About Information Builders

Information Builders' award-winning combination of business intelligence and enterprise integration software has been providing innovative solutions to more than 12,000 customers for the past 30 years. WebFOCUS is the world's most widely utilized business intelligence platform. It provides the security, scalability, and flexibility needed at every level of global extended enterprises. Its simplicity helps create executive, analytical, and operational applications that reach dozens to millions of users. Information Builders' iWay Software suite provides state of the art, multi-purpose, pre-built integration components that address all SOA, application, data, and information management requirements. Its integration adapters have been adopted by the leading software platform providers. Together, these products give Information Builders' customers the ability to grow and innovate according to their needs.

Information Builders' customers include most of the Fortune 100 and U.S. federal government agencies. Headquartered in New York City with 90 offices worldwide, the company employs 1,450 people and has more than 350 business partners. More information is available at http://www.informationbuilders.com.

Contact Information: Press Contacts: Kathleen Moran Information Builders (917) 339-6313 Steve Levine UBmatrix (650) 823-2219