XBRL International Announces Chethan Gorur, Director of Interactive Data at Trintech, as Chairman of the XBRL International Standards Board

Jan 07, 2010, 01:00 ET from Trintech Group Plc

DALLAS, DUBLIN and LONDON, Jan. 7 /PRNewswire-FirstCall/ -- The Board of Directors and International Steering Committee of XBRL International are pleased to announce that they have approved the appointment of Chethan Gorur, Director of Interactive Data Services at Trintech, as Chairman Designate of the XBRL International Standards Board (XSB) effective immediately. It is anticipated that he will fully assume the role of Chair at the end of March 2010.

"As the global adoption of XBRL accelerates, the charter of the XBRL Standards Board - which is defining, updating and maintaining XBRL technical specifications - takes increasing importance," said Mr. Gorur. "I am very excited to be nominated as the Chair of XSB and look forward to leading XSB with a collaborative and market-based approach."

Chethan will continue to head up the product leadership team at Trintech, including being responsible for strategy, product marketing and development efforts for Trintech's Unity Xtensible Financial Reporting (XFR) solution, which includes embedded support for the report tagging and output of financial statements with XBRL. Prior to his current role at Trintech, Chethan was a key member of the XBRL leadership team at Microsoft for more than five years, where he was instrumental in crafting and executing on the XBRL product strategy. Chethan was a key contributor to Microsoft Investor Central, and led the Microsoft product team responsible for incubating a new SaaS-based XBRL product line. Chethan has held product leadership positions at i2 technologies, IBM, and One Network.

"XBRL International, Inc. is pleased to have Mr. Gorur as the next Chair for the XBRL Standards Board. We are confident he will continue the important work of the Standards Board with a focus toward market requirements and sound project management practices," stated Anthony Fragnito, XBRL International, CEO.

Mr. Gorur succeeds John Turner, CEO of CoreFiling, who is retiring as Chair after serving in the role for three terms.

For more information on the XSB please visit http://www.xbrl.org/StandardsBoard/

About XBRL International, Inc. (XII)

XII is an independent, not-for-profit organization with over 500 global members that oversees the development of technical standards and XBRL. These member-organizations work together to build the XBRL language and to promote and support its adoption. The consortium members conduct member education and outreach events through semi-annual international conferences, participate in international jurisdiction local events worldwide encouraging awareness and adoption of XBRL as the Business and Financial Reporting Standard and promote implementation and utilization tools for XBRL through the work of the XII Standards Board and by participating in local and International Working Groups.

About Trintech Group

Trintech Group Plc (Nasdaq: TTPA) is a leading global provider of integrated financial governance, risk management, and compliance software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.

For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.

Trintech - 15851 Dallas Parkway, Suite 900 - Addison, TX 75001 - Tel 1 972 701 9802

Trintech UK Ltd. - Warnford Court, 29 Throgmorton St. - London EC2N2AT, UK - Tel +44 (0) 20 7628 5235

Trintech Technologies - Block C, Central Park - Leopardstown, Dublin 18, Ireland - Tel +353 1 293 9840

Trintech - Cypresbaan 9 - 2908 LT Capelle a/d Ijssel, The Netherlands - Tel +31 (0) 10 8507 474

    Trintech Press Contact:
    Dallas: Dave Tomlinson - Director, Marketing
    Tel. +1 972 739-1611. Email: dave.tomlinson@trintech.com

SOURCE Trintech Group Plc