ROCKVILLE, Md., Sept. 12, 2011 /PRNewswire/ --
EDGAR® Online, Inc. (NASDAQ: EDGR), a leading
global provider of XBRL (eXtensible Business Reporting Language)
software, services and data, today announced the appointment of
David Frankel to the position of
chief marketing officer, Jeannie
Tshontikidis to the position of vice president of data
operations, and Steven Friedman to
the position of general counsel. The continued expansion of the
executive management team since CEO Robert
J. Farrell joined the company in March helps EDGAR Online
capitalize on its position as a well-established leader in not just
XBRL, but also financial data solutions. In addition to having the
most comprehensive XBRL processing infrastructure in the
marketplace, the company is building the experienced team needed to
manage its continued growth and vast opportunities in the financial
data marketplace.
David Frankel was most recently
on the executive team at Silicon Valley-based business intelligence
technology firm FirstRain. At FirstRain, Mr. Frankel oversaw the
firm's business development efforts, contributing to the 150
percent increase in company bookings and significant client count
expansion. Under Mr. Frankel's leadership, FirstRain redefined its
marketing positioning plan and pricing models, negotiated
multi-year deals with customers and partners in new target markets,
and designed and executed a new product distribution strategy. As
chief marketing officer at EDGAR Online, Mr. Frankel will draw from
his more than 18 years of leadership in sales, marketing and
business development at prominent financial information services
firms, including Bank of New York,
and more than 11 years at FactSet Research Systems.
Jeannie Tshontikidis comes to
EDGAR Online from RiskMetrics Group (formerly Institutional
Shareholder Services), where she served as head of global data
services and then head of governance development, IT. While at
RiskMetrics, Ms. Tshontikidis was responsible for all aspects of
product development, as well as data gathering for the newly formed
global data services team, which spanned the U.S., Canada, Europe and Asia. Prior to that, Ms. Tshontikidis was vice
president of information technology at GE Global Exchange Services,
where she provided the sales team with better access to timely
information, resulting in productivity savings and an increase in
revenue.
Before joining EDGAR Online as general counsel, Steven Friedman was most recently general
counsel at Institutional Shareholder Services, a subsidiary of
MSCI. Mr. Friedman served on the executive team that helped manage
Institutional Shareholder Services through rapid growth and
eventual sale to RiskMetrics in 2007, through its initial public
offering in 2008, and then through a public-to-public merger with
MSCI in 2010. Over the past 15 years, Mr. Friedman has also worked
in the corporate and securities departments of leading law firms in
the Washington, D.C. area.
"David Frankel, Jeannie Tshontikidis and Steven Friedman bring significant management,
industry knowledge and thought leadership to the EDGAR Online team.
They are at the top of their respective fields," said Mr. Farrell.
"Since assuming the role of CEO in March of this year, I have moved
aggressively to bring the company to the next stage of innovation
and prepare EDGAR Online to leverage our core strengths and
expertise to develop and deliver compelling solutions for a variety
of problems we are hearing about from our clients and the
marketplace. These key additions are progress towards that goal,
and I'm pleased to welcome Jeannie, Steven and David to my
team."
In addition to driving deeper market penetration for the
company's existing products and services, Mr. Frankel will lead the
strategy and execution around the identification, innovation and
development of new data and related analytical products across
multiple vertical and subvertical market segments. Ms. Tshontikidis
will be responsible for all data operations functions and risk
return filings at EDGAR Online, increasing the company's presence
in the XBRL market and promoting the use of unique and compelling
data sets within the investor and financial communities. Mr.
Friedman will handle all of EDGAR Online's legal functions,
compliance and SEC reporting as the company enters into bigger and
more complex agreements.
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.
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.