FOR IMMEDIATE RELEASE
XBRL INTERNATIONAL ABSTRACT MODEL TASK FORCE BEGINS DEVELOPMENT
PROCESS
NO MAGIC, INC. TO SUPPORT MODEL DEVELOPMENT AS PARTNER
JANUARY 11, 2011, NEW YORK, NY – XBRL International,
Inc. (XII) announced that its XBRL Abstract Model Task Force will begin this
week to develop the abstract model that will serve as a common blueprint for
the development of XBRL solutions.
“In order to encourage widespread development of software tools and
solutions that will meet the needs of XBRL data users, we must begin with an
abstract model to make it easier for software architects and their development
teams to create XBRL applications,” said Anthony Fragnito, CPA, CEO of XBRL International,
Inc. “The model provides several benefits including lowering the barriers to
accommodating the XBRL specification within software tools and providing a
blueprint for creating XBRL applications more efficiently and with greater
consistency of outputs. This is particularly meaningful in light of the
expanding market needs for XBRL tools due to increased regulatory adoption
mandates.”
XII also announced that No Magic, Inc., recognized globally as the
creator of the award winning MagicDraw and Cameo Suite modeling,
simulation and analysis software, is supporting the XBRL abstract model
development effort as a Partner in the program.
“We are pleased that No Magic is collaborating with XII on the
development of the model as a Partner, our highest level of support for
this program,” added Mr. Fragnito. “Their software modeling and technology
standards experience will be invaluable to the Task Force as it moves through
the abstract model design process. Members of the Task Force will be using No Magic’s
MagicDraw and Cameo Suite solutions to create the model.”
“No Magic’s technology is best known for supporting open standards,
and for providing the highest level of interoperability for software
developers,” said Gary Duncanson, CEO of No Magic. “We’re pleased to partner
with XBRL International, and we look forward to working together to create an
abstract model that will serve as a common blueprint for XBRL solutions for
years to come.”
XII expects to provide a draft XBRL
abstract model within the first quarter of 2011 and to finalize the model
shortly thereafter following an appropriate public exposure period.
“Once we finalize the model, XII and our abstract model Partners and
Sponsors will undertake a coordinated outreach, education and training
program to expose the market to the benefits available for XBRL tool
development,” added Mr. Fragnito. “We look forward to working with No Magic to
promulgate the model in the broader marketplace and help other organizations as
they look to achieve greater interoperability with XBRL solutions.”
In addition to No Magic’s Partner level support, PwC, Canopach
and Infosys are Sponsors of the initiative. For more information about
the XII Abstract Model or its other strategic initiatives, please visit http://xbrl.org/xsbstrategy/.
About No Magic, Inc.
One of the most respected providers of standards-compliant modeling,
simulation and analysis solutions in the industry celebrates its 16th year
anniversary of its product and service line this year. The Cameo® Suite
supports the full enterprise application life-cycle from business
requirements/planning through and including final testing with award-winning,
OMG™ standards-compliant products that efficiently model organizational
structure, business processes, applications, information and technology.
MagicDraw® supports multiple domain-specific models based on UML® including:
BPMN™, SysML™, fUML, DoDAF/UPDM, MDD, SOA, unit testing, data modeling and
more. Professional services include training, consulting, custom applications
and MagicDraw® product customizations such as custom modeling domain diagrams,
requirements management, team collaboration, design and analysis. Founded in
1995, No Magic, Inc. is headquartered in Plano, Texas with operations
worldwide. More information can be found by visiting http://www.nomagic.com.
About XBRL International, Inc.
XBRL International is the global not-for-profit electronic business
reporting consortium. It is comprised of more than 650 public and private
sector organizations from more than 30 countries that collaborate to improve
decision making across business and government by enhancing the way that
performance information is defined, prepared, exchanged and analyzed.
Specifically, XII is responsible for the ongoing development and maintenance of
the Extensible Business Reporting Language and the promotion and support of its
adoption. Interested companies and agencies are encouraged to join the XBRL
International consortium and participate in building the future of electronic
business reporting. To learn more about these opportunities visit
http://www.xbrl.org/abouttheorganisation.
MEDIA CONTACTS:
For XBRL International, Inc. For No Magic, Inc.
T. David Colgren Todd Keefe
President & CEO, Colcomgroup, Inc. For Immediate Release, PR
dcolgren@colcomgroup.com todd@firpr.com
+1 917 587 3708 +617 262 1968 x 101