FOR IMMEDIATE RELEASE

CONTACT: Marc Goodman

UBmatrix

425-285-0200

UBmatrix Closes $5 Million in First Round of Funding
KIRKLAND, WA – March 15th, 2005 – UBmatrix, Inc., a leading provider of open world standard solutions enabling automated business reporting and analysis to optimize enterprise performance, announced today it has closed its first round of institutional funding with Draper Fisher Jurvetson investing $5 million in UBmatrix. UBmatrix will use the funds to increase its development and sales activities.

"This has been a transition year for UBmatrix as we are finally seeing broader global adoption of XBRL, the foundation of our technology and solutions," said George Blackstone, CEO and president of UBmatrix. "We are extremely pleased to have Draper Fisher Jurvetson on board."
UBmatrix’ solutions enable regulators and enterprises to benefit fromXBRL, a global standard based on XML designed to automate, validate, and streamline business reporting process and workflow. UBmatrix solutions leverage XBRL taxonomies that are highly extensible and can be modified and extended by both IT staff and business analysts to suit their specific business requirements. XBRL taxonomies and XBRL documents allow analysts to validate data and cost-effectively and efficiently managethe business reporting processes and workflow associated with internal and external reporting to help mitigate risk, improve visibility within the enterprise, and address regulatory reporting requirements.

UBmatrix’ solutions leverage existing IT investments in legacy systems, databases, spreadsheets, and enterprise applications such as SAP, Oracle, Seibel, PeopleSoft, Great Plains and others, to create truly open and extensible data integration. This global standard-based, holistic approach allows enterprises to access diverse and often incompatible data sources and applications to better integrate business intelligence and analytical tools. The end result is true data integration and data integrity that is extensible, flexible, and powerful.

"UBmatrix has the top XBRL domain experts, proven technology, and strategic implementations that make them the leading software provider enabling XBRL business reporting solutions," said Tim Draper, the founder and managing director of Draper Fisher Jurvetson. "The company's software solutions are improving the productivity and competitiveness of both regulators and enterprises."
About Draper Fisher Jurvetson

Draper Fisher Jurvetson, is a leading early stage information technology venture capital firm. Headquartered in Redwood City, California, Draper Fisher Jurvetson manages over $2 billion in committed capital and has developed a large network of highly successful portfolio companies. Draper Fisher Jurvetson pursues a people/market/technology approach to venture capital investing, funding entrepreneurs with the energy, vision, experience and desire to build great companies. For more information about Draper Fisher Jurvetson see www.dfj.com.

About UBmatrix

UBmatrix is a leading provider of open world standard solutions enabling automated business reporting and analysis to optimize enterprise performance. The Company’s XBRL solutions help organizations improve operational efficiency, align business strategy with day-to-day execution and enhance relationships with customers and partners.

Our XBRL solutions enable greater data transparency to increase an enterprises’ effectiveness as they depend on timely, relevant, extractable, and reliable data. UBmatrix XBRL solutions automate the process of integrating business information - transforming static data into reusable and extensible data that is easier to facilitate.

UBmatrix has been committed to XBRL since 1998, credited as being one of the originators of XBRL, and recognized worldwide for its vision, technology and customer commitment.

The company is headquartered in Kirkland Washington, with offices in Australia, Japan, Korea and Singapore. UBmatrix can be reached at 425-285-0200, or www.ubmatrix.com.

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