EDGAR Online to Present on Data Transparency at DATA Demo Day

ROCKVILLE, Md.--(BUSINESS WIRE)--

EDGAR® Online, Inc. EDGR, a premier provider of fundamental financial data, analytics and disclosure management services, today announced that Elias- John Kies, director of analytics, will present at DATA Demo Day in Washington, D.C. on Tuesday, July 10. Hosted by the Data Transparency Coalition, the conference will explore the Digital Accountability and Transparency Act (DATA Act), which focuses on how U.S. government spending information is reported, analyzed and used.

“In passing the DATA Act earlier this year, the House of Representatives signaled that it is time to bring accountability, transparency and efficiency into how the government's financial data is reported and compiled. The Securities and Exchange Commission (SEC) has already recognized the importance of data transparency and has mandated the use of technology standards such as XBRL to provide a unified platform from which data may be easily analyzed for risk management, compliance and oversight purposes,” said Kies, director of analytics, EDGAR Online. “EDGAR Online is well known for its thought leadership in the proper use of XBRL to provide structure to unstructured information in order to promote data transparency. We are honored to be included in this important program.”

Kies will join other Data Transparency Coalition members to demonstrate emerging analytical tools based on the XBRL data technology standard. Through the implementation of a single platform and data identifiers or tags given to the information, the DATA Act will allow government agencies, Congress and citizens to easily search large amounts of data and employ analytical tools for better financial management and transparency.

The conference will take place at the Microsoft Innovation & Policy Center in Washington, D.C. on July 10 from 10:00 to 11:30 a.m.

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About EDGAR®Online, Inc.

EDGAR®Online 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 ActiveXBRL software solutions, through an extensive network of partners, including Business Wire, LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR Donnelley and SAP.

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.