The Board of Directors and International Steering Committee of XBRL International are pleased to announce that they have approved the appointment of Chethan Gorur, Director of Interactive Data Services at Trintech, as Chairman Designate of the XBRL International Standards Board (XSB) effective immediately. It is anticipated that he will fully assume the role of Chair at the end of March 2010.

"As the global adoption of XBRL accelerates, the charter of the XBRL Standards Board - which is defining, updating and maintaining XBRL technical specifications - takes increasing importance," said Mr. Gorur. "I am very excited to be nominated as the Chair of XSB and look forward to leading XSB with a collaborative and market-based approach."

Chethan will continue to head up the product leadership team at Trintech, including being responsible for strategy, product marketing and development efforts for Trintech's Unity Xtensible Financial Reporting (XFR) solution, which includes embedded support for the report tagging and output of financial statements with XBRL. Prior to his current role at Trintech, Chethan was a key member of the XBRL leadership team at Microsoft for more than five years, where he was instrumental in crafting and executing on the XBRL product strategy. Chethan was a key contributor to Microsoft Investor Central, and led the Microsoft product team responsible for incubating a new SaaS-based XBRL product line. Chethan has held product leadership positions at i2 technologies, IBM, and One Network.

"XBRL International, Inc. is pleased to have Mr. Gorur as the next Chair for the XBRL Standards Board. We are confident he will continue the important work of the Standards Board with a focus toward market requirements and sound project management practices," stated Anthony Fragnito, XBRL International, CEO.

Mr. Gorur succeeds John Turner, CEO of CoreFiling, who is retiring as Chair after serving in the role for three terms.

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