SOURCE: Rivet Software

November 17, 2008 07:00 ET

Rivet Software Names Roger Metz Chief Financial Officer

Metz Brings Executive Leadership to Rivet

DENVER, CO--(Marketwire - November 17, 2008) - Rivet™ Software, the world's leading provider of XBRL (Interactive Data) software, is proud to announce the hiring of Roger Metz as Chief Financial Officer. In his new position, Metz will lead Rivet's finance and accounting operations.

Metz joins Rivet with over 16 years of comprehensive accounting, finance, and capital markets experience ranging from his early career as a CPA with Ernst & Young's Entrepreneurial Services Group, to his most recent position as Treasurer and Vice President, Investor Relations at CSG Systems International, Inc. During his seven year tenure at CSG, Metz had a variety of positions ranging from corporate finance to mergers and acquisitions.

Prior to joining CSG, Metz was an equity analyst at Janco Partners, a Denver-based investment bank; served as assistant controller for Aspen Skiing Company, and was a Certified Public Accountant.

"Roger's executive leadership experience and competency with complex financial reporting make him a great fit for Rivet," said Mike Rohan, President of Rivet Software. "As Rivet continues to expand on both a national and global level, Roger will play a key role in supporting our development initiatives."

Rivet, which this month is releasing two highly anticipated products, (CrossTag™ XBRL Creator and an HTML-centric version of the popular Dragon Tag® XBRL Enabler), will utilize Metz's experience to facilitate Rivet's leadership position in the financial services and software industry.

"I am excited to join the Rivet management team and look forward to contributing to Rivet's further expansion and development," said Metz. "Rivet has clearly established a leadership position in the emerging XBRL solutions market, and I am thrilled to help carry that momentum forward as the company helps users fully harness the power and capabilities of this next generation of financial reporting and analysis."

Rivet's solutions have made XBRL adoption both simple and affordable and have pushed Rivet to the center of a global market opportunity.

"Rivet is positioned for great growth and offers products that meet the demands of Fortune 500 companies and private companies alike," said Rohan. "By bringing in someone like Roger, we will be able to use his financial know-how to identify new opportunities to expand Rivet's development in the financial and software services industry."

About Rivet Software:

Rivet develops innovative, easy-to-use Financial Communications and Analysis software, including XBRL creation and viewing applications, and Crossfire® Analyst, a web-based financial aggregation, analysis and publishing solution designed for accounting, finance and other business users. Rivet Software, based in Denver, Colorado, supports its products with training, user assistance and consulting services. Rivet has provided software and assistance to over half of the filers in the SEC Voluntary Filing Program. For additional information, please visit www.rivetsoftware.com

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