Rivet Software, which develops financial communications and analysis software including XBRL creation and viewing applications, announced that it has joined IBM’s software-as-a-service (SaaS) Specialty to help public companies comply with U.S. Securities and Exchange Commission (SEC (News - Alert)) rules for XBRL filing.

As a member of IBM SaaS Specialty partner program, Rivet will deliver XBRL creation, viewing and analysis solutions to U.S. public companies that are required to submit financial information in eXtensible Business Reporting Language (XBRL) format under the recently adopted mandate by the SEC.

XBRL solutions are delivered from a secure, scalable and highly available environment through IBM's (News - Alert) Managed Hosting services delivered on IBM System x servers.

IBM officials said the company is helping independent software vendors (ISVs) move from a traditional software delivery model to one that offers a mix of on-premise and cloud computing applications in a SaaS (News - Alert) model using IBM technology.

Companies are increasing their adoption of SaaS driven by ease of deployment, flexibility, scalability, and predictable pricing models, IBM said.

“SaaS is one of the fastest growing segments of the IT industry because it provides companies of all sizes with access to innovative solutions delivered remotely via a subscription model,” said Dave Mitchell, director of strategy, IBM Developer Relations, in a statement. “Rivet's commitment to SaaS can provide its customers with a powerful way to reduce implementation costs while rapidly deploying business applications.”

Being an IBM SaaS Specialty partner, Rivet is entitled to various benefits including hardware, software, infrastructure technologies and marketing support from IBM. Also, it is given access to IBM Innovation Centers, which provide the partner companies with technical support and expertise for helping them test, build and optimize cloud services based on open platforms.

“We are pleased that IBM has accepted our company into its SaaS Specialty,” said Michael Rohan, founder and president, Rivet Software, in a statement. “The speed of change in organizations, such as the need to respond to the global adoption of XBRL, requires agile solutions that can be deployed as quickly and simply as possible without compromising security and reliability.”

Through cloud computing, companies can design, build, market, and deliver services that enable clients to easily access their applications from virtually any location, IBM said. Cloud services can also promote rapid innovation and support core business functions.

IBM recently announced a new agreement with Amazon Web Services (AWS), a subsidiary of Amazon.com (News - Alert), to deliver IBM software to clients and developers via Cloud model.

This ‘pay-as-you-go’ model provides clients with access to development and production instances of IBM DB2, Informix Dynamic Server, WebSphere Portal, Lotus Web Content Management, WebSphere sMash and Novell's (News - Alert) SUSE Linux operating system software in the Amazon Elastic Compute Cloud (Amazon EC2) environment, IBM said.