Rivet Software announced plans to release its Dragon View XBRL viewer application in open source to further drive software innovation and adoption. Concurrently, Rivet also announced an update to its i-Fi Suite of interactive Financials applications designed to leverage the full potential of XBRL(eXtensible Business Reporting Language) and interactive data. The updated i-Fi Suite includes general availability releases of Dragon Tag 2006 and Dragon View 2006, and the Beta availability of Crossfire Analyst, to deliver interactive data support throughout the external reporting supply chain.
Dragon View is the first commercially available client-based application that allows business professionals to easily review XBRL taxonomy and financial document information. Rivet plans to release its source code to the open source community in Q1 of 2007 to encourage the establishment of new communities for open source development of XBRL technology. Placing Dragon View into open source will allow users and developers worldwide to benefit from the extensive development effort and broad user experience reflected in Dragon View. Dragon View played a crucial role in Rivet obtaining a contract from the U.S. Securities and Exchange Commission (SEC) to create an XBRL viewer for the SEC Web site to view XBRL documents filed under the SEC’s Voluntary Filing Program.
"Our release of Dragon View into open source is another important milestone in the continued evolution and adoption of XBRL," said Mike Rohan, president of Rivet. "By working with the open source community we hope to accelerate the ability of users and developers alike to create even more innovative applications based on the XBRL global standard."