Prophix announces partnership with Rivet Software, an industry leader in financial reporting

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New partnership agreement delivers SEC filing capabilities to corporate performance management users

“Our mutual commitment to that winning combination is why we're excited about the partnership and the opportunities that we're already seeing in the market,” said Paul Barber, CEO of Prophix.

Prophix, a leading developer of corporate performance management (CPM) software and Rivet, an industry leader in financial reporting, today announced a partnership that will bring comprehensive disclosure management functionality to the CPM market. With the addition of Rivet’s experienced XBRL and financial reporting capabilities, Prophix’s award-winning CPM software will deliver the functionality required to support even the most complex financial close and governance requirements.

"Prophix and Rivet share a common belief in delivering product and cost innovation to improve reliability and the user experience," said Paul Barber, chief executive officer of Prophix. "Our mutual commitment to that winning combination is why we're excited about the partnership and the opportunities that we're already seeing in the market."

TJ Tanberg, Rivet vice president of sales added, "Prophix shares Rivet’s long history of innovation and customer satisfaction, so our solutions and our partnership are a natural fit.”

About Rivet Software
Rivet Software provides financial reporting systems that improve the way companies create and consume financial information. Founded in 2003 by software and accounting industry veterans, Rivet's mission remains to revolutionize global financial communications by enabling financial transparency and leveraging global standards. Headquartered in Denver, CO, the firm employs the most experienced XBRL and financial reporting staff in the industry. Rivet was recently acquired by Equity Administration Solutions, Inc., a market leader in stock administration and FAS123R/ASC718 and SEC compliance reporting solutions. Visit the website at http://www.rivetsoftware.com.

About Prophix Software
Prophix is a leading developer of innovative performance management solutions designed to automate financial and operational processes. Thousands of finance leaders in nearly one hundred countries use Prophix to empower their organizations and gain valuable insight into business performance. Prophix and its partners deliver superior value by combining high-end functionality with low cost-of-ownership and fast implementations. For more information, visit http://www.prophix.com.

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Mike Tindal
Prophix Software Inc
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