What Company Is Offering:
UBmatrix, Inc. is the leading provider of information exchange solutions for global organizations and enterprises allowing them to more efficiently and effectively address the challenges of business and financial information management, exchange and reporting. UBmatrix XBRL solutions increase operational efficiency and financial transparency, and ensure reporting accuracy and regulatory compliance. UBmatrix is based in Silicon Valley with development centers in Kirkland, WA, and New Delhi, India.
How It Works:
They provide XBRL-based software products for the full lifecycle of design, development, and deployment of applications that collect, validate, aggregate, report or exchange information. Their products are based on their XBRL Processing Engine which provides taxonomy and instance document validation and conversion. They provide both server-side products such as Enterprise Application Suite and client-side products such as Report Builder and Taxonomy Designer. They also provide xBReeze Compliance Reporting Edition which delivers a COREP/FINREP reporting solution.
How Much They Got From VCs:
UBmatrix, Inc. has received $8 million in second round institutional venture funding.
UBmatrix provides users with an XBRL-based platform that allows them to design, develop and deploy applications that collect, aggregate, report or exchange information.
Draper Fisher Jurvetson and The Meteor Group invested in the round, which is still open for additional funding. The company did not disclosed the expected use of the funding proceeds.
More at:http://www.ubmatrix.com/
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