Oracle Enhances XBRL Reporting Capabilities With UBmatrix, Inc.

Oracle's EPM System to Help Customers More Effectively and Efficiently Report
Financial Statements in XBRL Format

REDWOOD SHORES, Calif., June 24 /PRNewswire-FirstCall/ --

News Facts
-- To help publicly held companies facilitate the preparation, publishing
and automatic exchange of financial statements in XBRL (eXtensible
Business Reporting Language), Oracle will embed UBmatrix, Inc.'s
leading XBRL technology into Oracle's Enterprise Performance
Management (EPM) System, Oracle announced today.

Building Upon Robust XBRL Reporting Capabilities
-- Specifically, organizations relying on components of Oracle's EPM
System such as Oracle's Hyperion Financial Management for financial
and statutory reporting will benefit from UBmatrix's Taxonomy
Designer, XBRL Processing Engine and Report Builder technology through
the automation of XBRL statement processing helping to ensure
regulatory
compliance and streamline the filing process.
-- Oracle's Hyperion performance management applications have long
supported XBRL as a basic output format via Hyperion Financial
Reporting. The UBmatrix technology will help to provide a much deeper
level of XBRL functionality to organizations.
-- XBRL is fast becoming the standard for financial information exchange
and reporting driven by the XBRL standardization programs being
implemented by the United States Securities and Exchange Commission
(SEC), FDIC and the European Central Banks. Over 500 organizations in
27 countries are now participating in XBRL efforts.
-- According to XBRL.us, the SEC has mandated the use of XBRL for three
reporting applications:
-- Public Company Reporting - all public companies must file in XBRL
format; companies with worldwide public float greater than $5
billion to comply first starting with period ending June 2009; all
other large accelerated filers to comply next starting with period
ending June 2010; all other public companies comply with period
ending June 2011; and,
-- Risk Return Summary portion of Mutual Fund Prospectus - mutual
funds
must begin publishing the risk return summary portion of their
prospectuses in XBRL format starting January 1, 2011; and,
-- Credit rating agencies - must begin reporting all ratings actions
(initial rating, upgrades, downgrades, etc.) in XBRL format
starting
in August 2009.
-- Oracle and UBmatrix are also working together to provide enterprise
class storage and management for XBRL-based information in Oracle(R)
Database 11g. Using Oracle Database's XML DB feature,
organizations can easily and quickly store, access and query their
XBRL
data.

-- A component of Oracle Fusion Middleware, the Oracle EPM System helps
organizations achieve management excellence by uniting
category-leading
Hyperion performance management applications, prebuilt business
intelligence (BI) applications and BI products, into a complete and
integrated system for managing and optimizing performance across
business functions.

Supporting Quotes
-- "As a leader in financial close, consolidation and reporting,
we're committed to helping our customers meet the required XBRL
reporting requirements," said Bill Guilmart, vice president of EPM
Product Management, Oracle. "Working with UBmatrix will help
accelerate our efforts to deliver the most robust XBRL reporting
capabilities possible to the thousands of Oracle Applications and
Hyperion customers."

-- "The adoption of XBRL is a global phenomenon. Integrating UBmatrix
Inc.'s XBRL products into Oracle's EPM System will facilitate
integrated XBRL reporting for thousands of organizations and will
extend
Hyperion's broad footprint in the regulatory reporting
market," said Sunir Kapoor, President and CEO of UBmatrix and
Member, XBRL US Board of Directors. "This approach represents the
future of how XBRL reporting will be done."

Supporting Resources
-- About Oracle Enterprise Performance Management and Business
Intelligence
-- Oracle EPM System Brochure
-- Hyperion Financial Reporting - XBRL Manager Data Sheet
-- Oracle Blog: Frank Buytendijk
-- UBmatrix

-- XBRL International Web Site

About Oracle
Oracle (Nasdaq: ORCL) is the world's largest business software company. For
more information about Oracle, please visit our Web site at
http://www.oracle.com.

About UBmatrix
UBmatrix, Inc. is the leading provider of XBRL-based 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. XBRL is fast becoming the
standard for financial information exchange and reporting demonstrated by the
XBRL programs being driven by the SEC, FDIC, and the European Central Bank
Supervisors. 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
Bellevue, WA, and New Delhi, India. For further information, visit
www.ubmatrix.com

Trademarks

Oracle is a registered trademark of Oracle Corporation and/or its affiliates.
Other names may be trademarks of their respective owners.

(Logo: http://www.newscom.com/cgi-bin/prnh/20020718/ORCLLOGO)

SOURCE Oracle

Eloy Ontiveros of Oracle, +1-650-607-6458, eloy.ontiveros@oracle.com; or Steve
Levine of UBmatrix, +1-650-264-4510 ext. 1107, steve.levine@ubmatrix.com