EDGAR Online Expands XBRL Dominance Into the Mutual Funds Market

          With Strategic Alliances for Upcoming SEC Mandate

NEW YORK, Dec. 7, 2010 /PRNewswire/ -- EDGAR® Online, Inc. (Nasdaq: EDGR), a leading global provider of XBRL (eXtensible Business Reporting Language) filing creation services, data and analysis tools, today announced that the Company has secured strategic alliances with several of the financial printers and other service providers that prepare SEC filings for mutual funds, specifically, Merrill Corporation, Vintage Filings and Issuer Direct. EDGAR Online is the provider of XBRL filing creation services to these companies and their clients, which represent more than 2,000 separate mutual funds. These alliances signal EDGAR Online's dominant position in the emerging mutual fund XBRL risk/return summaries market.

"Our mutual fund clients need to effectively comply with the new ruling. We chose EDGAR Online to provide XBRL-tagging services for our XBRL Complete(SM) solution because they lead the industry in XBRL translations for mutual funds," said Roy Gross, President of Merrill's Marketing and Communication Solutions business. "This strategic alliance integrates EDGAR Online's expertise in XBRL translations with Merrill's XBRL filing and publishing services - providing a complete, turnkey solution for our customers to comply with confidence."

Effective January 1, 2011, the SEC will require mutual funds to provide XBRL risk/return summaries as an exhibit to any registration statement or post-effective amendment on Form N-1A that includes or amends risk/return summary information, as well as in an exhibit to any form of prospectus that contains risk/return information that varies from their most recent registration statement or post-effective amendment. Filing the risk/return summaries in XBRL gives investors quicker access to the data they want in a format that is easy to search and analyze.

EDGAR Online's move into services for mutual funds follows the completion of the merger with UBmatrix, Inc. which provides XBRL software to enterprise software vendors like Oracle and SAP, as well as major U.S. and international regulators. This combined expertise makes EDGAR Online one of the leading global end-to-end providers of solutions for the creation, validation and analysis of XBRL content.

"EDGAR Online is currently the leader in XBRL filings submitted to the SEC, having created more than 1,000 XBRL filings for more than 350 public companies since the beginning of 2008," said John Connolly, Interim CEO of EDGAR Online. "We are extremely pleased to apply our experience to this new XBRL market, and add mutual funds to the universe of organizations that we serve."