NEW YORK, Sept. 16 /PRNewswire/ -- EDGAR®
Online, Inc. (Nasdaq: EDGR), a leading global provider of XBRL
filing services, data and analysis tools, today announced that the
U.S. Securities and Exchange Commission (SEC) has selected the
Company's XBRL Datasets and its I-Metrix Professional analytics
toolset to analyze financial information provided by public
companies in XBRL. In addition to EDGAR Online's "As
Reported" XBRL Dataset, which includes detailed information from
every Form 10-K and 10-Q document furnished to the SEC in XBRL
format, the SEC will be able to leverage a unique database of more
than 11 years of historical standardized XBRL data on all publicly
held companies, offered only by EDGAR Online through its I-Metrix
products. I-Metrix combines financial data from Form 10-K,
10-Q and 8-K filings with equity pricing data, financial ratios and
a variety of other data sets including institutional ownership and
insider transactions to deliver one of the most comprehensive
insights available into business financial information.
I -Metrix Professional is an established suite of interactive
data and analytical tools offering the SEC extensive flexibility to
organize and analyze EDGAR Online's award-winning company
information and detailed XBRL-tagged financials. The SEC can
use I-Metrix tools to leverage over 7,000 data elements from more
than 12,000 companies for easy comparisons as well as sophisticated
quantitative analysis based on fundamental data and custom modeling
capabilities.
"The SEC's selection emphasizes the critical importance of XBRL
for the future of financial reporting," said David Goldstein, Senior Managing Director of
Global Product & Market Development of EDGAR Online.
"Integrating more than a decade of historical financial
information with our current XBRL 'As Reported' Dataset allows our
clients, including the SEC, to run more rigorous analysis on
individual companies, as well as specific sectors through EDGAR
Online's I-Metrix Professional toolset."
In addition to working directly with the SEC, EDGAR Online is
advancing financial transparency and the quality and efficiency of
business information by bringing the power of XBRL to a wide
variety of users. The Company's data and I-Metrix tools have
been used in the marketplace for more than five years by
institutional and retail investors, as well as by the corporate
finance community for business information analysis.
About EDGAR® Online, Inc.
EDGAR Online, Inc. (www.edgar-online.com) (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. The company delivers its information products via online
subscriptions and data licenses directly to end-users, embedded in
other web sites and through a variety of redistributors.
EDGAR Online has also developed proprietary automated systems
that allow for the rapid conversion of data and is a pioneer and
leader in XBRL. The company uses its automated processing
platform and its expertise in XBRL to produce both datasets and
tools and to assist organizations with the creation, management and
distribution of XBRL financial reports.
Use of Forward-Looking Statements
This press release may contain "forward-looking statements" as
defined in the U.S. Private Securities Litigation Reform Act of
1995. Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date of this press release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in EDGAR Online's filings with the SEC. EDGAR Online
disclaim any obligation to update or revise any forward-looking
statements.
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(R) Online, Inc.
Copyright . 16 PR Newswire