JustSystems and EDGAR Online Team Up to Deliver XBRL to the Desktop
October 15 2008 - 9:15AM
Business Wire
JustSystems and EDGAR� Online, Inc. (NASDAQ:EDGR), today announced
a strategic alliance to deliver XBRL (eXtensible Business Reporting
Language) to the desktop so that stakeholders can easily view,
analyze and work with XBRL data. The partnership was announced at
the 18th XBRL International Conference taking place in Washington,
D.C. on Oct. 15�16. JustSystems is the largest independent software
vendor in Japan and a worldwide leader in XML and information
management technologies. EDGAR Online is a global leader in making
complex information easy to access using XBRL. EDGAR Online was the
first to make SEC filings available in real-time on the Internet
and is currently the leader in delivering XBRL data, products and
solutions to the marketplace. Through the new partnership,
JustSystems will deliver certain of EDGAR Online�s XBRL tagged data
to their subscribers through the xfy XBRL viewer platform. The xfy
XBRL viewer platform provides a trusted rendering and visualization
solution for filers, preparers, auditors, regulators, and
institutional and individual investors to comply with and take
advantage of the XBRL standard without adding new costs, risk and
complexity. �The benefit of EDGAR Online and JustSystems joining
forces is that organizations can now view select comparable
financial data in an interactive format right at their fingertips,�
said Sue Bratone Childs, executive vice president and chief
marketing officer, EDGAR Online. �We are making it much easier for
organizations to perform variance analysis, benchmarking, valuation
and other forms of financial review. As XBRL is implemented across
the world, and expected to be mandated by the SEC, all those who
work with financial information should realize the benefits of
working with XBRL tagged information.� �The powerful combination of
EDGAR Online�s XBRL data and the JustSystems xfy XBRL viewer
platform allows organizations to leverage XBRL throughout their
review and audit processes,� said Diane Mueller, vice president of
XBRL development for JustSystems. �Organizations can rest assured
that each line item in their document is accurate, and at the same
time, experience rich rendering and visualization of
multi-dimensional XBRL data.� For more information on EDGAR Online,
visit http://www.edgar-online.com/. For more information on
JustSystems, please visit http://www.justsystems.com/ and
http://na.justsystems.com/xbrl. About EDGAR Online, Inc. EDGAR
Online, Inc. (NASDAQ:EDGR) is a leader in the distribution of
company data and public filings for equities, mutual funds and a
variety of other publicly traded assets. We deliver our information
products directly to end users via online subscriptions and data
licenses, and to redistributors who embed our content in their own
and their clients� Web sites. Our proprietary automated systems
allow for the rapid conversion of data and we are a pioneer and
leader in the global financial reporting standard � eXtensible
Business Reporting Language otherwise known as XBRL. We use our
automated processing platform and our expertise in XBRL to produce
both datasets and tools and to assist organizations with the
creation, management and distribution of XBRL financial reports.
For more detailed information on all of our businesses or to
contact us please visit our Web site at www.edgar-online.com.
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. About
JustSystems JustSystems is a leading global software provider with
three decades of successful innovation in office productivity,
information management, and consumer and enterprise software. With
over 2,500 customers worldwide, the company is continuing a global
expansion strategy based on its xfy enterprise software, XMetaL
content lifecycle solutions, and its pioneering work in enabling
XBRL financial reporting technologies. Major strategic partnerships
include IBM, Oracle and EMC. For more information, please visit
http://www.justsystems.com. All brand names and product names are
trademarks or registered trademarks of their respective companies.
"Forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995 may be included in this news release.
These statements relate to future events and/or our future
financial performance. These statements are only predictions and
may differ materially from actual future events or results. EDGAR
Online, Inc. disclaims any intention or obligation to revise any
forward-looking statements whether as a result of new information,
future developments or otherwise. Please refer to the documents
filed by EDGAR Online, Inc. with the Securities and Exchange
Commission, which identify important risk factors that could cause
actual results to differ from those contained in forward-looking
statements, including, but not limited to, risks associated with
our ability to (i) increase revenues, (ii) obtain profitability,
(iii) obtain additional financing, (iv) changes in general economic
and business conditions (including in the online business and
financial information industry), (v) actions of our competitors,
(vi) the extent to which we are able to develop new services and
markets for our services, (vii) the time and expense involved in
such development activities, (viii) risks in connection with
acquisitions, (ix) the level of demand and market acceptance of our
services, and (x) changes in our business strategies.
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