AMES, Iowa, December 20, 2010 – WebFilings announced today that it has been awarded additional funding for its growth plan. The funding package was approved by the Iowa Department of Economic Development (IDED) and supported by the Ames community. IDED provided support through the Grow Iowa Values Financial Assistance Program (GIVFAP). The package is a combination of funding sources including grants, loans and tax incentives. The funding was awarded to support WebFilings' expansion plan, which includes a commitment to create a significant number of new high quality jobs in the coming years.

This newly approved funding package expands upon previous grant and loan support that WebFilings has received from the State of Iowa and the Ames community; as well as employee training grants that are administered through Des Moines Area Community College (DMACC).

"We sincerely appreciate the ongoing support we have received from the State of Iowa and the Ames community," said Matthew Rizai, CEO of WebFilings. "The partnership we have has contributed substantially to the success we have attained thus far. We are ahead of our job creation projections and are very excited about the future growth opportunities for our Iowa operations."

"WebFilings is an asset to the Ames community and the State of Iowa," said Dan Culhane, President & Chief Executive Officer of the Ames Economic Development Commission. "This funding award is an important step forward in our efforts to work with and support the growth of high-tech companies in the area."

WebFilings was formed in 2008 and in March of 2010 launched its cloud-based software application that streamlines and improves the process of developing and filing Securities Exchange Commission (SEC) reports. The software integrates word processing and spreadsheet functionality, EDGAR HTML conversion and XBRL tagging into a single, fully-integrated, end-to-end solution that helps SEC reporting teams meet reporting requirements for a range of regulatory filings.

 WebFilings SaaS (software as a service) solution is available as a subscription service. The company also offers a variety of support and professional services. For more information or to schedule a software demonstration, visit or call 888-275-3125.