XBRL US Joins OMG's Model Driven Message Interoperability (MDMI) Consortium

NEEDHAM, Mass., June 29 /PRNewswire-USNewswire/ -- OMG(TM) today welcomed XBRL
US into the OMG Model Driven Message Interoperability (MDMI) Consortium. The
MDMI Consortium provides the financial industry with the means for sharing
costs of adoption via a dedicated, expert team working to provide proof of
business and technical value on an aggressive schedule.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090629/DC39325LOGO)

"XBRL US is the preeminent advocate for extensible business reporting language
and the interoperability it enables. The MDMI standard was designed to
simplify message information conversion and remove barriers to
interoperability in industries including the financial industry," said Richard
Mark Soley, Ph.D., Chairman and CEO of the OMG. "We are very excited to be
working with the Consortium's founders, and with others, to develop this proof
of concept to show the rest of the industry the substantial benefit this
approach brings to financial services."

"Recent momentum driven by regulation and compliance has only been accelerated
as we turn to XBRL for enhanced efficiency, cost savings, and transparency,"
said Mark Bolgiano, President and CEO, XBRL US. "Interoperability and
convergence among data standards is an important part of that 'next level' for
the standard, exemplified by our work to develop ISO-aligned corporate actions
taxonomy in cooperation with The Depository Trust & Clearing Corporation
(DTCC) and SWIFT."

According to Bolgiano, "MDMI seeks to address the challenges of translation
and cross-standards mapping, so there's a natural affinity of mission here."

Additional MDMI Consortium participants include FireStar Software, HSBC and
SWIFT.

"Having XBRL US join the OMG MDMI Consortium further validates and supports
the broad applicability and value of the MDMI Standard to the financial
markets and financial services industry," said Kenneth A. Lord, CEO of
FireStar Software. "The MDMI Consortium is now working on MDMI proving its
value in the payments, securities processing, and corporate actions market
segments with leaders of those message standards."

About MDMI
Message interoperability reduces costs, increases data quality and increases
revenue. By automating interoperability between disparate systems, MDMI
improves communications, helps reduce errors and provides a way to address
future business changes. MDMI lets financial institutions use standardized
maps provided by message format owners (including standards bodies, financial
institutions and others) to correctly map information in financial message
formats including ISO 20022 (UNIFI) compliant formats. Facilitating and
mediating payments information across a number of message formats is a high
cost obligation for financial institutions. The standard also provides a
migration path to new message formats. The MDMI standard specification was
submitted by FireStar Software, IBM, Informatica, IP Commerce and VISA with
support from Adaptive and SWIFT, and was published at the end of 2007.

For more information about the MDMI Consortium, see http://www.omg.org/mdmi;
for more information about OMG, visit http://www.omg.org/. Questions about
membership in OMG or the MDMI Consortium may be directed to Ken Berk at
+1-781-444 0404 or kenberk@omg.org.

About XBRL US
XBRL US is the non-profit consortium for XML business reporting standards in
the United States and is a jurisdiction of XBRL International. It represents
the business information supply chain, including accounting firms, software
companies, financial databases, financial printers and government agencies.
Its mission is to support the implementation of XML business reporting
standards through the development of taxonomies relevant for use by US public
and private sectors, working with a goal of interoperability between sectors,
and by promoting adoption of these taxonomies through the collaboration of all
business reporting supply chain participants. XBRL US has developed taxonomies
to support U.S. GAAP and common reporting practices, the Risk Return Summary
in mutual fund prospectuses and the Schedule of Investments under contract
with the Securities and Exchange Commission. The XBRL US GAAP Taxonomies are
available for review at http://xbrl.us/taxonomies/Pages/US-GAAP2009.aspx.

About OMG
OMG is an international, open membership, not-for-profit computer industry
consortium that in 2009 is celebrating its 20th Anniversary. OMG Task Forces
develop enterprise integration standards for a wide range of technologies,
including: Real-time, Embedded and Specialized Systems, Analysis & Design,
Architecture-Driven Modernization and Middleware and an even wider range of
industries, including: Business Modeling and Integration, C4I, Finance,
Government, Green Computing, Healthcare, Insurance, Legal Compliance, Life
Sciences Research, Manufacturing Technology, Robotics, Software-Based
Communications and Space.

OMG's modeling standards, including the Unified Modeling Language(TM) (UML(R))
and Model Driven Architecture(R) (MDA(R)), enable powerful visual design,
execution and maintenance of software and other processes, including IT
Systems Modeling and Business Process Management. OMG's middleware standards
and profiles are based on the Common Object Request Broker Architecture
(CORBA(R)) and support a wide variety of industries.

More information about OMG can be found at www.omg.org. OMG is headquartered
in Needham, MA, USA.

Note to editors: MDA, Model Driven Architecture, OMG Logo, XMI, UML, UML logo
and CORBA are registered trademarks, and OMG, Object Management Group,
Business Ecology, Actionable Architecture, SOA Consortium, SysML, SoaML, MOF,
MDA Logos, BPMN, OCRES, OCUP, OCEB, Green Computing Maturity Model, GCMM and
Unified Modeling Language are trademarks of Object Management Group. All other
trademarks are the property of their respective owners.
Contact:
Stephanie Covert
OMG
+1-843-737-0637
pr@omg.org

SOURCE OMG

Stephanie Covert of OMG, +1-843-737-0637, pr@omg.org