ROCKVILLE, Md., March 31, 2011 /PRNewswire/ -- EDGAR® Online,
Inc. (Nasdaq: EDGR), a leading global provider of XBRL
(eXtensible Business Reporting Language) software, services and
data, has been granted U.S. Patent 7,917,841 entitled "System and
Method for Rendering Data" on March 29,
2011. The patent covers the semantic analysis of notes
to financial statements and the association of those notes to
related items in a primary financial statement.
The patent recognizes and protects EDGAR Online's method for
allowing the categorization and cross-referencing of data within
financial documents by analyzing notes to financial statements and
presenting the information in a concise format. Analysts and
investors currently see the benefits of this method within EDGAR
Online's I-Metrix® suite of products, a range of online solutions
that provide accurate company information and detailed XBRL-tagged
financials for the more than 12,000 companies that file with the
U.S. Securities and Exchange Commission (SEC).
"EDGAR Online is dedicated to creating expert solutions that
allow financial analysts and investors to locate, evaluate and use
detailed financial information for benchmarking and research
purposes," stated Stefan Chopin, chief technology officer of EDGAR
Online and an inventor of the method that received the patent.
"This patent issuance reinforces our commitment to improving the
flow of business information."
This patent extends EDGAR Online's patent portfolio that also
includes the XBRL patent, U.S. Patent 6,947,947, issued in 2005 to
UBmatrix, Inc. entitled "Method for Adding Metadata to Data" and
U.S. Patent 7,877,678, issued on January 25,
2011 entitled "System and Method for Rendering of Financial
Data."
About EDGAR Online
EDGAR Online (Nasdaq: EDGR) is a leading global provider of XBRL
data, software and services solutions that improve the flow of
business information. The company's integrated portfolio of
products and services for global enterprises help them create,
deliver, analyze and use quality information. 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, including UBmatrix®
XBRL software solutions, through an extensive network of partners,
including LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR
Donnelley and SAP. To learn more about EDGAR Online, visit
www.edgar-online.com.
"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 and include, without limitation,
statements regarding our future growth prospects, future demand for
our XBRL business and future innovations in our data and solutions
and subscriptions business. 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.
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.