Financial data, analytics and disclosure management services provider Edgar Online Inc. has signed a deal allowing Business Wire to leverage Edgar Online’s technology to create and produce XBRL filings to help its customers satisfy Securities and Exchange Commission reporting requirements.
Edgar Online will also provide Business Wire with dedicated access to its hosted Xcelerate service, which will support the creation of XBRL (short for Extensible Business Reporting Language) instance documents to be used for submitting filings with the SEC.
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.
“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 Business Wire chairman and chief executive Cathy Baron Tamraz. “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.”
