PARIS and SUNNYVALE, Calif., April 27, 2011 (GLOBE NEWSWIRE) -- etXetera Solutions XBRL, an eXtensible Business Reporting Language (XBRL) solution provider, and Compliance Xpressware (CX) LLP, a Silicon Valley-based software company that enables reporting issuers to achieve compliance with the SEC's mandate for XBRL, today announced that they have formed a strategic partnership to advance the state of XBRL adoption. Under the partnership, the two companies have agreed to an ongoing business relationship that will enable customers to economically meet XBRL compliance requirements.
etXetera will subscribe to CX's flagship product, Xpressfiler, a cloud-based, end-to-end solution for EDGAR filings, and serve as a reseller and distributor for its clients in Europe and the United States. The subscription will cover use of Xpressfiler plus its three core modules: XpressHTML, Xpressbuilder and XpressBRL. In addition to the use of the Xpressfiler modules, etXetera will be able to obtain preferential EDGAR conversion and filing services through CX.
"Because etXetera Solutions XBRL is such a key player in the industry, we highly value the fact that they are adopting Xpressfiler as the primary solution for their clients who need to file financial reports in XBRL," said Fuad Rahman, Chief Executive Officer of CX. "We are confident that Xpressfiler will bring etXetera clients unparalleled performance in terms of accuracy and speed in plenty of time to adhere to the XBRL compliance deadline later this year."
"CX responds to the needs of etXetera clients who need an effective way to file financial statements in both US GAAP and IFRS without either having in-depth knowledge of XBRL or investing a lot of time building taxonomies and re-keying data," said Pierre Hamon, director of etXetera Solutions XBRL. "We have decided to adopt Xpressfiler because it is an incredibly innovative solution — different from anything else on the market — that makes XBRL filing simple so that clients can prepare a well-formed report that is compliant with industry regulations."
About Compliance Xpressware LLP
Compliance Xpressware (CX) LLP enables reporting issuers to achieve compliance with the SEC's mandate for eXtensible Business Reporting Language (XBRL) reporting. Xpressfiler, the company's cloud-based, end-to-end solution for EDGAR filings, is a comprehensive software suite that is both affordable and easy to use. Based in Sunnyvale, California, CX was formed by experienced software technologists and filing agents who are dedicated to helping public companies report to the SEC. For more information, please visit .
About etXetera Solutions XBRL
Based in Paris, France, etXetera Solutions XBRL was established to provide expertise on XBRL projects, either as an independent expert or as outsourced consulting partners to French and other European/US companies. etXetera has selected Xpressfiler for all XBRL filing needs to the SEC. etXetera is also a partner of Semansys Technologies in France and provides assistance in the implementation of their applications. For more information, please visit .
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