EDGAR® Online, Inc. (NASDAQ: EDGR), 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."

About EDGAR® Online, Inc.

EDGAR® Online (NASDAQ: EDGR) provides financial data, analytics and disclosure management solutions to help corporations and institutional investors facilitate compliance and management of regulatory disclosure filings. In addition to developing a variety of unique as-reported and normalized data sets, EDGAR Online is an industry leader in XBRL (eXtensible Business Reporting Language) processing. 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.

About Business Wire

Business Wire, a Berkshire Hathaway company, celebrates its 50th anniversary in 2011 as the global leader in press release distribution and regulatory disclosure. Public relations and investor relations professionals rely on Business Wire for both broad-based and targeted market reach. A recognized disclosure service in the United States, Canada and a dozen European countries, Business Wire handles XBRL tagging, document formatting and regulatory filing into EDGAR, SEDAR and other systems. Business Wire provides online newsroom hosting and integration services as well as search engine optimization, mobile distribution and detailed measurement on every press release. Its patented NX delivery platform provides simultaneous full-text posting of Business Wire content to news systems and websites in virtually any country or language. With 31 bureaus worldwide, Business Wire offers local service and global reach.

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.

for EDGAR Online, Inc.
Kathryn Ghita, 617-236-0500 x15
Kathryn.Ghita@metiscomm.com