EDGAR Online, a global provider of XBRL filing services, data and analysis tools, announced that the 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 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.

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."