Rivet Software Releases Dragon View 5.1

XBRL Document Viewing Software Now Supports Risk/Return Summaries for Mutual Fund Companies

(1/03/2011)

Denver, CO – January 03, 2011 – Rivet® Software, the leading provider of standards-based business reporting and analytics, just released Dragon View 5.1, an upgraded version of their software that simplifies the review and analysis of documents created in eXtensible Business Reporting Language (XBRL) format. XBRL is the formatting standard required for financial filings submitted to the Securities and Exchange Commission (SEC), such as 10K and 10Q documents.

New capabilities for this release of Dragon View include support for XBRL risk/return summaries from mutual fund companies. This upgrade coincides with the SEC’s new interactive data filing mandate for mutual fund companies, which became effective on January 1, 2011.

Dragon View is a desktop application that can be used with Rivet’s Crossfire Financial Reporting Platform™ and can also be used as an add-on for other XBRL software. Dragon View is based on the same Rivet-developed technology used to power the Interactive Data Viewer on the SEC’s website, which allows users to see what their XBRL documents will look like before they are filed.

Dragon View user groups include:

• CEOs and CFOs: to review and benchmark a company’s financial information against other SEC filers.
• Controllers and SEC Reporting Professionals: to validate the use of XBRL tags across industries and peer groups - users know what percentage of other SEC filers chose an element to tag certain data.
• Auditors: to easily review and analyze a client’s XBRL SEC filings.
• Financial Information Aggregators: to collect, view and export XBRL filings to Excel for distribution and analysis.

Users based in any location can access the most recent SEC filings and download them instantly for comparison and analysis. Dragon View can also export an XBRL document into an HTML Reporting Book that can be posted on a website, or an Excel Reporting Book for internal or external communications.

Dragon View is good for any global documents tagged using XBRL-based taxonomy, including the International Financial Reporting Standard (IFRS). Because XBRL is a global standard used to tag data, regardless of taxonomy or languages, Dragon View supports users worldwide.

Rivet releases updates to Dragon View on an ongoing basis, and it has been tested and approved by a large user group of mutual fund advisors, internal and external filing preparers and global business executives. It is a desktop application that can be purchased and downloaded instantly from the Rivet Software website.

About Rivet Software

Founded in 2002 and headquartered in Denver, Rivet Software empowers companies with control over the collection, analysis and dissemination of their internal and external financial information to help advance the transformation of business communication worldwide. This privately-owned technology company works with more Fortune 500 companies than any other XBRL vendor and emerged from Q4 of 2010 as the XBRL vendor of choice for companies in search of a cost-effective, reliable solution for SEC reporting compliance.

SOURCE Rivet Software

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