Clients turn to Business Wire for XBRL services, now delivered via EDGAR Online Solutions

ROCKVILLE, Md.--(BUSINESS WIRE)-- EDGAR® Online, Inc. (NASDAQ: EDGR - News), a premier provider of fundamental financial data, analytics and disclosure management services, today announced that it has signed a deal with Business Wire, the global leader in distributing press releases. Business Wire will leverage EDGAR Online's technology to create and produce XBRL filings to help its customers satisfy U.S. Securities and Exchange Commission (SEC) reporting requirements.

As an active participant in the development and promotion of the XBRL standard, Business Wire works with its corporate issuer clients as a single provider for all their compliance needs. The company, which employs accountants to staff its XBRL desk, sought a software solution capable of delivering superior performance on a complete platform and at multiple service levels.

"We looked at several XBRL technology options and found that EDGAR Online's offering best meets the needs of our clients, who trust us to provide accurate, complete filing data in a timely manner," said Cathy Baron Tamraz, chairman and CEO of Business Wire. "Our publicly traded customers look to Business Wire for expertise and guidance in all matters related to XBRL mapping, tagging and EDGAR filing, and EDGAR Online ensures we are equipped to meet those expectations."

As part of the agreement, EDGAR Online will provide Business Wire with dedicated and complete access to its hosted Xcelerate service, which will support the creation of XBRL instance documents to be used for submitting filings with the SEC.

"Business Wire recognized an opportunity to increase its value to clients that need the full spectrum of investor relations and compliance support, including XBRL tagging and filing expertise," said President and CEO Robert J. Farrell of EDGAR Online. "With EDGAR Online's Xcelerate as its foundation, Business Wire is equipped to deliver XBRL assistance that improves the flow of business information and meets the regulatory requirements of the industry."