Paris, France, February 21, 2013 --(PR.com
)-- Invoke, European leader in regulatory reporting solutions and XBRL (eXtensible Business Reporting Language), is pleased to announce that the company will be represented at the launch of the new AFDEL liaison office in Boston on 21 February 2013. AFDEL, the French Association of Software Publishers and Internet Solutions, is continuing its strategic international expansion in the US with a view to providing tools, resources, and networking opportunities to east coast French software companies and entrepreneurs. As a key member of the AFDEL managing board, Invoke is keen to show its full support for the initiative.
“Invoke’s active involvement in AFDEL and in the wider software development community dates right back to the very early days. As a member of the Board and Chair of key working groups operating out of the Paris office, it is only natural that Invoke should lend further weight to what is already an enduring commitment to furthering the work AFDEL does on a daily basis on behalf of companies like ours. We are delighted to be able to join in launching this exciting east-coast initiative,” said Rémi Lacour, Invoke CEO.
To mark the geographic expansion and launch of its presence in Boston, AFDEL will be hosting a networking cocktail reception on February 21, 2013 from 6 - 8 pm EST. The event will be held at member company TraceOne's Boston headquarters, and will feature remarks and insights from key AFDEL members as well as Fabien Fieschi, Consul General of France in Boston.
"Given the continued fast pace of technology innovation and globalization, this was an ideal time to expand our footprint to ensure we are best aligned to support the needs of our growing membership base," said Jamal Labed, President of AFDEL. "As the technology market continues to trend towards mobility, cloud, social, and big data, the opportunity for new and established software companies is huge and we want to make sure that our existing and future members have the appropriate resources they need to take advantage of that potential."
As part of its international development strategy, Invoke continues to liaise closely with key stakeholders both at the state and federal levels in the US on issues such as administrative transparency and the use of standardized mark-up languages to track state and federal government spending. Leveraging both in-house strategic planning and the support of external groups such as AFDEL and the Data Transparency Coalition, Invoke is perfectly poised to take advantage of the significant opportunities for US expansion that are detected.
Founded in 2001, lnvoke develops specialized software for managing financial, tax and regulatory information. Well-established in the international regulatory reporting sphere, Invoke sets itself apart by driving the company’s technological lead through continuous innovation and unrivalled domain expertise. The resulting software is unique and showcases the latest reading, editing, production and validation technologies for application to financial and regulatory data.
Invoke regulatory reporting solutions are cutting-edge and deliver integrated XBRL (eXtensible Business Reporting Language) capabilities, making Invoke the partner of choice for international supervisory bodies (Banque de France/ACP, Deutsche Bundesbank, ...), as well as for major groups in the banking and insurance sectors falling under the scope of both local and European regulatory imperatives such as CRD IV and Solvency II (Crédit Agricole, BPCE, Danske Bank, Danica Pension ...).
In addition to being an active member of the AFDEL managing board and working groups on critical issues such as Open-Data, Invoke is also a founding member of the professional association, XBRL France, and is a direct member of the XBRL International consortium. Invoke continues to grow organically but has recently accelerated its external growth and international expansion, with the acquisition of a fully-owned subsidiary, Luxembourg-based Conceptware, which is a key player in the Luxembourg banking sector holding a 44% market share. Invoke’s client base is today comprised of over 1,800 groups and national supervisory authorities, and the company continues to assertively pursue its development on the international front.
For more information: www.invokesoftware.com
About the Data Transparency Coalition
The Data Transparency Coalition is a non‐partisan trade association of technology companies, nonprofit organizations, and individuals supporting the publication of government data online in consistent machine-readable formats. The DTC is steered by a board of advisors.
For more information, visit http://datacoalition.org/