Silicon Valley Firm Answers Call from Wall Street with Innovative New Service
LOS ALTOS, Calif., Sept. 18, 2012 /PRNewswire/ — MetaSphere Inc. of Los Altos, California announces the debut of its groundbreaking DeltaAnalytix service, which transforms each XBRL-encoded regulatory filing submitted to the Securities & Exchange Commission (SEC) into a rich, informative and compelling web application. As of today, DeltaAnalytix users can view over 45,000 filings.
XBRL — which stands for Extensible Business Reporting Language — is the emerging common language for regulatory reporting worldwide. It has been adopted by the SEC and regulators in China, the UK, Spain, Japan, Israel and India. According to this reporting method, a filing is entirely self-contained and self-describing, comprising tagged financial data accompanied by metadata — termed a taxonomy.
According to MetaSphere CEO Arthur Allen, the emergence of XBRL is a “game changer.” But XBRL alone does not exploit tagged data and metadata accumulated over time. According to Allen, “Our challenge was to use XBRL to lighten analysts’ burdens and accelerate their analysis of change. DataAnalytix is our response to this challenge.” Allen also notes: “Working in the creative cauldron of Silicon Valley inspired us to set the bar high and to craft a tightly integrated assembly of content viewers, gauges and dashboards. Many are unique and will surprise users in terms of ease of use and versatility.”
DeltaAnalytix features include pivot tables for financial reporting, with gauge columns for trend and movement analysis at-a-glance; companion change anomaly tables; financial schematics that describe calculations, table dimensions and relevant changes; and explanatory difference schematics from comparisons of statement calculations with their closest matching counterparts under US-GAAP. A text workbench displays and compares disclosure text with the previous version, highlighting any user-specified watch words. The service also provides inter-filing line item usage analysis and calculation change analysis. Moreover, the metadata of a document element is rendered in visual style and provides access into past filings regarding past, possibly changed, usage.
DeltaAnalytix has broad appeal across many constituents eager to accelerate their analysis of change: buy-side analysts and portfolio managers responsible for actively managed funds and equity investments, as well as sell-side analysts working for independent research firms, broker/dealers and rating agencies; analysts responsible for validation and normalization of incoming filings within hedge funds or data providers; and corporate analysts responsible for investor relations or competitive business intelligence. Regulators and securities lawyers can also use the DeltaAnalytix service in search of financial, operational or reporting irregularities.
DeltaAnalytix is delivered to end-users from the Cloud, under the Software-as-a-Service (SAAS) delivery model. No software installation is required. Filing applications can be launched from an individualized browser-based portal, associated RSS feeds or email alerts. The service is available at no charge for a 30-day trial period, after which a charge of $140.00/month applies.
Arthur Allen, CEO
199 First Street Suite 340
Los Altos, CA 94022
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SOURCE MetaSphere Inc.