LONDON: Business Wire (BW) and DecisionSoft, a UK-based XML vendor, have founded CoreFiling, a company that will offer extensible business reporting language (XBRL) consulting, data validation, and enhanced data management. Each company will have a 50% sh
"It goes well beyond the core press release business," said Michael Lissauer, VP of marketing for BW. He added that BW decided to form the separate company because of the anticipated adoption of XBRL as a standard in financial reporting.
"We're creating the company now because we know [XBRL] is going to be gigantic in the future," he said.
John Turner will serve as CEO of CoreFiling. He previously ran KPMG's XBRL global services team. Philip Allen, chairman of DecisionSoft, Peter Day, CEO of DecisionSoft, Steve Messick, CIO of BW, and Michael Becker, manager of global and financial reporting services for BW, will also serve on the board.
CoreFiling currently has offices in London and Oxford and will open an office in New York within the next month.