The Company was founded in the mid-1990s to bring U.S. Securities and Exchange Commission (SEC) regulatory documents to individual investors at an affordable price. It was the first company in the U.S. to distribute real-time SEC filings over the Internet and quickly became a ubiquitous source of public company financial information. The Company has evolved into one of the most detailed U.S. fundamental data providers in the world and ultimately into the leader in XBRL analysis and compliance offerings that it is today.
âOver the last decade EDGAR Online has weathered dramatic swings in the stock market and has proven its ability to adapt its business models to meet the opportunities in the market,â said Philip Moyer, President and CEO of EDGAR Online. âIn the early stages of our growth, we were revolutionary in democratizing access to SEC filings via the Internet. We built a worldwide brand on what today seems like a simple concept.â
Moyer went on to say, âAs we look to this next decade, EDGAR Online is again at the center of the next great transformation of the financial information supply chain. This time we are using XBRL (eXtensible Business Reporting Language), the Internet and our state-of-the-art I-Metrix platform to unlock the millions of data points embedded in investment filings. XBRL is a worldwide open standard for financial data. It is the âHTMLâ of the next generation of financial reporting.â
EDGAR Online is the top choice of companies filing in XBRL with the SEC. The Company has built the largest repository in the world of XBRL data from SEC filings and provides the richest XBRL analysis tools in the market. âEDGAR Online is focused on leveraging its great heritage and significant investment in XBRL to lead this next phase. We are pleased to mark this milestone and we are looking forward to the opportunities that XBRL offers our shareholders and all investors,â said Moyer.