LONDON, Jul 28, 2003 (BUSINESS WIRE) -- OneSource Information Services, Inc. (NASDAQ: ONES), a leading provider of business information solutions, today announced it has extended its support for eXtensible Business Reporting Language (XBRL) through the OneSource(R) AppLink(SM) software development kit (SDK) with financial data from over 750,000 UK and European companies. Using XBRL via the AppLink SDK, OneSource customers can integrate updated, fielded financial data on UK and European companies from the OneSource Enhanced Information Warehouse into standard business and custom financial applications. OneSource already provides access to an additional 28,000 global public companies'' financial data via XBRL, a standard for communicating financial data based on XML.
With support for XBRL through the AppLink SDK, OneSource customers can configure applications to request individual financial variables for direct analysis from a set of over 100 standard financial variables with six years of history. Several standard reports are also available for query directly using XBRL, including profit and loss statements, balance sheets, income statements, statements of cash flows, and ratio reports.
"OneSource is committed to delivering the technology, services and support our customers need to maximize productivity from both external and internal business information," said Joe Tarragano, product marketing director for OneSource. "By extending the XBRL capabilities of the AppLink SDK, we are continuing this commitment with an open, flexible way to integrate and deliver specific financial information into applications that are relevant to the user. Organizations that automate the gathering of financial data spend more time focused on servicing customers, and have a distinct competitive advantage in engaging new clients."
The AppLink SDK enables organizations to support critical decision-making processes by placing essential financial information within a company''s portal or customer relationship management (CRM) system, as well as into custom applications such as comparables models, return on investment (ROI) models, and financial analysis tools. The AppLink SDK can also be used to integrate other information from the OneSource Enhanced Information Warehouse into these applications, including news, corporate profiles, executive biographies and comprehensive industry profiles.
The UK and European data provided to OneSource includes financial reports from D&B. The UK and European reports are mapped from up to 1600 data items to just over 100 standard variables, allowing applications to easily compare companies in a consistent format.
Providing a common platform for critical business reporting processes, XBRL improves the reliability and ease of communicating financial data among internal and external users. More information on XBRL can be found at http://www.xbrl.org. OneSource has taken a leadership position by being the first provider of Web Services for XBRL financial reports and is a member of XBRL International, a consortium of over 200 companies and agencies promoting and supporting the adoption of XBRL worldwide.
About OneSource Information Services, Inc.
OneSource, a recognized leader in business information solutions, delivers unparalleled company, executive, and industry intelligence that make business professionals more effective and productive in completing their critical daily tasks. OneSource products and services support a company''s vital business processes including serving their customers, finding and leveraging new opportunities, and managing suppliers and partners.
OneSource combines and organizes content from over 2,500 information sources supplied by more than 30 world-class content providers, creating an unequalled information resource encompassing corporate families, industries, executives, financials, news, analyst reports, and trade and business press articles. Using its Global Business Taxonomy(TM) system, OneSource links this in-depth information on over 1.7 million companies worldwide resulting in the most extensive company-linked repository of business information in the world. Users of OneSource products work faster, smarter, and more productively, whether leveraging OneSource business information through the Web-based OneSource Business Browser product line or through enterprise applications or portals integrated seamlessly via the OneSource AppLink SDK. To help customers link the OneSource Enhanced Information Warehouse repository into their preferred enterprise applications, OneSource provides consulting and integration services.
OneSource is headquartered in Concord, MA, with offices located in North America, Europe, and the Pacific Rim. Product information is available at www.onesource.com. Customers include Bank One, Chubb, Citigroup, Cisco, Hewlett Packard, Deloitte & Touche, i2 Technologies, Orange, Royal & Sun-Alliance, SAS Institute, and Sun Microsystems.
OneSource, Business Browser, Global Business Taxonomy, AppLink, Enhanced Information Warehouse and/or other OneSource product and service names referenced herein are either trademarks or service marks or registered trademarks or service marks of OneSource Information Services, Inc. or its subsidiaries in the United States and/or other countries. All other product and service names mentioned herein are trademarks or service marks of their respective owners.
Safe Harbor Statement
This news release contains certain forward-looking statements that are based on the current beliefs and expectations of OneSource''s management, as well as assumptions made by, and information currently available to, OneSource''s management. Such statements include, but are not limited to, those regarding the functionality and effectiveness of OneSource products and services; OneSource''s commitment to delivering the technology, services and support its customers need to maximize productivity from both external and internal business information; and the competitive advantage of organizations that automate the gathering of financial data. Because such statements involve risks and uncertainties, actual actions and strategies and the timing and expected results thereof may differ materially from those expressed or implied by such forward-looking statements, and OneSource''s future results, performance, or achievements could differ materially from those expressed in, or implied by, any such forward-looking statements. Such risks include, but are not limited to, complementing the Business Browser product line with new products and services, which may divert management and technical attention and financial resources; OneSource''s reliance on generating revenues from its Web-based product line; political, economic, and business fluctuations in domestic and international markets; and competition in the business information products and services industry. In addition to the factors noted above, other risks, uncertainties, assumptions, and factors that could affect OneSource''s financial results are described in OneSource''s recent filings with the United States Securities and Exchange Commission including its Annual Report on Form 10-K for the fiscal year ended December 31, 2002.
