ROCKVILLE, Md., Jan. 17, 2012 /PRNewswire/ -- EDGAR®
Online, Inc. (NASDAQ: EDGR), a premier provider of fundamental
financial data, analytics and disclosure management services, today
announced 306 percent growth in the number of XBRL filings it
delivered in Q4 2011 versus the same quarter in 2010 and an overall
increase of 113 percent in the total number of filings delivered
during 2010. EDGAR Online also announced that it delivered 830 risk
and return filings in 2011 for mutual funds and investment
companies, both milestones solidifying the company's position as
one of the top disclosure management providers in an increasingly
competitive environment.
Enhanced market awareness, along with growth in the overall
equity filings market from approximately 480 filings in Q4 2009 to
approximately 8,020 filings in Q4 2011, is driving demand for a
high level of knowledge and expertise when managing all levels of a
company's XBRL taxonomy design and disclosure management processes.
Financial officers are increasingly relying upon service providers
such as EDGAR Online and its partners to assist them in the
onboarding and detailed filing process to ensure disclosures are
handled as efficiently as possible.
"Despite the number of providers in the competitive landscape
more than doubling since 2009, this continued growth in filings
handled by EDGAR Online signifies our leadership in helping public
companies disclose their documents in XBRL," said EDGAR Online
President and CEO Robert J. Farrell.
"In the coming year, we will continue to work with our financial
publishing partners to provide our industry leading assisted
disclosure management and compliance services to their SEC filing
customers. In 2012, we also look forward to continuing to enhance
our capabilities for companies seeking more control of the filings
process while leveraging EDGAR Online's established expertise."
About EDGAR® Online, Inc.
EDGAR® Online (NASDAQ: EDGR) provides financial data,
analytics and disclosure management solutions to help corporations
and institutional investors facilitate compliance and management of
regulatory disclosure filings. In addition to developing a variety
of unique as-reported and normalized data sets, EDGAR Online is an
industry leader in XBRL (eXtensible Business Reporting Language)
processing. Thousands use the company's solutions, including U.S.
public companies, mutual funds, leading financial analysts and
institutional investors, as well as global regulators such as the
FDIC, Banque de France and the
U.S. Securities and Exchange Commission. The company delivers its
solutions through an extensive network of partners, including
Business Wire, LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR
Donnelley and SAP.
Use of Forward-Looking Statements
This press release may contain forward-looking
statements. These statements relate to future events or to
future financial performance and may include, without limitation,
statements regarding our future growth prospects, future demand for
our XBRL products/services and future innovations in our data and
solutions and subscriptions businesses. These forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from any
future results, levels of activity, performance, or achievements
expressed or implied by these forward-looking statements. In some
cases, you can identify forward-looking statements by the use of
words such as "may," "could," "expect," "intend," "plan," "seek,"
"anticipate," "believe," "estimate," "predict," "potential," or
"continue" or the negative of these terms or other comparable
terminology. You should not place undue reliance on
forward-looking statements because they involve known and unknown
risks, uncertainties and other factors that are, in some cases,
beyond our control and that could materially affect actual results,
levels of activity, performance, or our growth strategy. For
further information about the factors that could affect EDGAR
Online's future results, please refer to our filings with the
Securities and Exchange Commission. We assume no obligation
to publicly update or revise these forward-looking statements for
any reason, whether as a result of new information, future events,
or otherwise.
EDGAR® is a federally registered trademark of the U.S.
Securities and Exchange Commission. EDGAR Online is not affiliated
with or approved by the U.S. Securities and Exchange
Commission.
SOURCE EDGAR Online, Inc.