(04/26/2006)
RIVET SOFTWARE APPOINTS NEW EXECUTIVE VICE PRESIDENT
Robert Rohan Brings Extensive Background in Financial Reporting and Development of Strategic Partner Relationships
DENVER-April 26, 2006 - Rivet® Software, an innovator in Financial Integrity Management™ and XBRL solutions, today announced the addition of Robert Rohan to its management team as Executive Vice President. In his new position, Robert will oversee further development of Rivet's sales and distribution channels, as well as product and business strategy.
"Over the past two years, we have gained tremendous traction, quickly delivering innovation for early XBRL adopters and solidifying a world-class team," said Mike Rohan, president and CEO of Rivet. "2006 marks a breakthrough year for Rivet's strategy as we deliver new, innovative solutions that will further propel XBRL adoption, and Robert brings the strategic leadership needed to help extend the distribution and delivery of Rivet applications to the global marketplace."
Robert brings a broad and diverse business background and strong understanding of the management and reporting challenges faced by corporate executives to Rivet. He spent several years in banking as a financial analyst and corporate loan officer as well as six years as a CPA with KPMG. He subsequently served as CFO and CEO of companies in the oil and gas, real estate and wine industries, deepening his knowledge and understanding of management and reporting issues. He was also a founder of FRx Software Corporation - a Microsoft subsidiary (formerly FRx Software), spending 10 years as senior vice president of sales. Under his direction, FRx built a successful sales channel through OEM partners and VAR's, encompassing the U.S., U.K., Australia and Singapore. He is a member of the American Institute of CPA's and Colorado State CPA Society and holds a B.S. degree in Economics and an MBA in Accounting and Taxation.
"Rivet's personal productivity solutions have made XBRL adoption both simple and affordable and have propelled Rivet to the center of a critical market opportunity," said Robert Rohan. "I look forward to developing relationships with innovative resellers, ERP providers and systems integrators to assist Rivet in delivering our growing suite of XBRL-centric solutions to organizations throughout the world."
XBRL is rapidly becoming the de facto standard around the globe for defining, exchanging and storing business reporting information. Rivet's Dragon Tag™ 2006 and Dragon View™ 2006 provide a complete solution that allows companies to create and review XBRL financials for submission to regulators such as the U.S. Securities and Exchange Commission (SEC) and HM Revenue and Customs (UK). More than 70 percent of companies filing XBRL financials with the SEC to date have utilized Rivet's applications and services. Rivet is the only company in the industry providing a suite of easy-to-use XBRL solutions that include document markup, Microsoft® Office support and free XBRL viewing. Rivet's forthcoming enterprise solutions will further extend the benefits of XBRL for internal and external reporting requirements.
About Rivet Software
Rivet Software is an innovator in developing effective and easy-to-use Financial Integrity Management and XBRL applications. Based in Denver, Colorado, USA, Rivet Software is focused on addressing new worldwide technology requirements for the business reporting and accounting community. All Rivet Software products adhere to the emerging XBRL global reporting standard and work with the de facto standard desktop software, Microsoft Excel and Word. The company's management team includes industry veterans, founding members of the XBRL community and past advisors to the American Institute of Certified Public Accountants (AICPA). For additional information, please visit www.rivetsoftware.com.
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© 2006 Rivet Software, Inc. All rights reserved. Rivet, Dragon Tag and Dragon View are either registered trademarks or trademarks of Rivet Software, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners.
