News Facts

To help publicly held companies facilitate the preparation, publishing

and automatic exchange of financial statements in XBRL (eXtensible

Business Reporting Language), Oracle will embed UBmatrix, Inc.'s

leading XBRL technology into Oracle's Enterprise Performance

Management (EPM) System, Oracle announced today.

Building Upon Robust XBRL Reporting Capabilities

Specifically, organizations relying on components of Oracle's EPM

System such as Oracle's Hyperion Financial Management for financial

and statutory reporting will benefit from UBmatrix's Taxonomy

Designer, XBRL Processing Engine and Report Builder technology through

the automation of XBRL statement processing helping to ensure

regulatory compliance and streamline the filing process.

Oracle's Hyperion performance management applications have long

supported XBRL as a basic output format via Hyperion Financial

Reporting.  The UBmatrix technology will help to provide a much deeper

level of XBRL functionality to organizations.

XBRL is fast becoming the standard for financial information exchange

and reporting driven by the XBRL standardization programs being

implemented by the United States Securities and Exchange Commission

(SEC), FDIC and the European Central Banks.  Over 500 organizations in

27 countries are now participating in XBRL efforts.

According to XBRL.us, the SEC has mandated the use of XBRL for three

reporting applications:

Public Company Reporting - all public companies must file in XBRL

format; companies with worldwide public float greater than $5

illion to comply first starting with period ending June 2009; all

other large accelerated filers to comply next starting with period

ending June 2010; all other public companies comply with period

ending June 2011; and,

Risk Return Summary portion of Mutual Fund Prospectus - mutual

funds must begin publishing the risk return summary portion of

their prospectuses in XBRL format starting January 1, 2011; and,

Credit rating agencies - must begin reporting all ratings actions

(initial rating, upgrades, downgrades, etc.) in XBRL format

starting in August 2009.

Oracle and UBmatrix are also working together to provide enterprise

class storage and management for XBRL-based information in Oracle(R)

Database 11g.  Using Oracle Database's XML DB feature, organizations

can easily and quickly store, access and query their XBRL data.

A component of Oracle Fusion Middleware, the Oracle EPM System helps

organizations achieve management excellence by uniting

category-leading Hyperion performance management applications,

prebuilt business intelligence (BI) applications and BI products, into

a complete and integrated system for managing and optimizing

performance across business functions.

Supporting Quotes

"As a leader in financial close, consolidation and reporting, we're

committed to helping our customers meet the required XBRL reporting

requirements," said Bill Guilmart, vice president of EPM Product

Management, Oracle.  "Working with UBmatrix will help accelerate our

efforts to deliver the most robust XBRL reporting capabilities

possible to the thousands of Oracle Applications and Hyperion

customers."

"The adoption of XBRL is a global phenomenon. Integrating UBmatrix

Inc.'s XBRL products into Oracle's EPM System will facilitate

integrated XBRL reporting for thousands of organizations and will

extend Hyperion's broad footprint in the regulatory reporting market,"

said Sunir Kapoor, President and CEO of UBmatrix and Member, XBRL US

Board of Directors.  "This approach represents the future of how XBRL

reporting will be done."

Supporting Resources

About Oracle Enterprise Performance Management and Business

Intelligence

Oracle EPM System Brochure

Hyperion Financial Reporting - XBRL Manager Data Sheet

Oracle Blog: Frank Buytendijk

UBmatrix

XBRL International Web Site