Fujitsu America, Inc. and Apurba Technologies Inc. Announce Strategic Partnership
New partnership to introduce an XBRL validation and analytics tool in response to the SEC's "Dear CFO" letters
Sunnyvale, California--(Newsfile Corp. - September 15, 2014) - Fujitsu America, Inc., a leading information communications technology (ICT) company, and Apurba Technologies Inc., a leading data analytics and visualization company, announced today that they have signed a strategic partnership agreement to jointly launch and market an integrated solution combining the Fujitsu XWand® Cloud and the Apurba Lyticas Prism Cloud capabilities to deliver a comprehensive XBRL validation and analytics tool for reviewing and filing XBRL reports. This unified approach will enable both Fujitsu and Apurba to provide customers with a more streamlined and efficient reporting and filing process, including more accurate and reliable analytics and lower costs.
This integrated solution was developed in response to the recent "Dear CFO" letters sent by the U.S. Securities and Exchange Commission to companies believed to be non-compliant with XBRL calculation requirements. These letters highlight the need for companies to submit higher quality XBRL filings, which has in turn generated significant demand for a tool that can ensure requirements are met. Fujitsu and Apurba have teamed up to meet that need.
XWand Cloud leverages the FUJITSU Software Interstage® XWand, a market-leading, on-premise XBRL solution that has been adopted by customers in 31 countries. The Apurba Lyticas Prism Cloud, which offers tools for generating analytics and visualization of financial data, will be integrated with XWand Cloud. Together, this will provide a single, unparalleled solution for XBRL data validation, analytics and visualization.
"We are thrilled to see that the Fujitsu XWand Cloud solution is gaining traction in addressing critical business needs in today's highly regulated market," said Marc Janssens, executive vice president, Retail and Platform Products, Fujitsu America, Inc. "In partnership with Apurba, Fujitsu seeks to further empower financial executives with tools that offer maximum accuracy, compliance and considerably reduced time spent on XBRL reporting."
"Apurba is delighted to welcome Fujitsu as our strategic partner," said Fuad Rahman, CEO of Apurba Technologies Inc. "Our powerful analytics tools along with the award-winning performance of XWand will offer issuers an easy way to validate their filings and meet SEC's increasing focus on the quality of XBRL filings."
About Apurba Technologies Inc.
Apurba Technologies Inc. is a Silicon Valley based software development company that specializes in building software - specifically in regulatory compliance, data mining, large data analytics, mobile enterprise and mobile app development spaces. Apurba is a member of XBRL US. For more information, please visit http://www.apurbatech.com.
Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 162,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.8 trillion yen (US$46 billion) for the fiscal year ended March 31, 2014. For more information, please see http://www.fujitsu.com.
About Fujitsu America, Inc.
Fujitsu America, Inc. is a leading ICT solutions provider for organizations in the U.S., Canada and the Caribbean. Fujitsu enables clients to meet their business objectives through integrated offerings and solutions, including consulting, systems integration, managed services, outsourcing and cloud services for infrastructure, platforms and applications; data center and field services; and server, storage, software and mobile/tablet technologies. For more information, please visit: http://solutions.us.fujitsu.com/ and http://twitter.com/fujitsuamerica.
Fujitsu, thefujitsu logo, Interstage and XWand are trademarks or registered trademarks of Fujitsu Limited in the United States and other countries. All other trademarks referenced herein are the property of their respective owners.
Fujitsu America, Inc.
Apurba Technologies Inc.