EDGAR Online Experiences 306 Percent Growth in XBRL Filings in Q4 2011, Overall Increase of 113 Percent in 2011

ROCKVILLE, Md., Jan. 17, 2012 /PRNewswire/ -- EDGAR® Online, Inc. (NASDAQ: EDGR), a premier provider of fundamental financial data, analytics and disclosure management services, today announced 306 percent growth in the number of XBRL filings it delivered in Q4 2011 versus the same quarter in 2010 and an overall increase of 113 percent in the total number of filings delivered during 2010. EDGAR Online also announced that it delivered 830 risk and return filings in 2011 for mutual funds and investment companies, both milestones solidifying the company's position as one of the top disclosure management providers in an increasingly competitive environment.

Enhanced market awareness, along with growth in the overall equity filings market from approximately 480 filings in Q4 2009 to approximately 8,020 filings in Q4 2011, is driving demand for a high level of knowledge and expertise when managing all levels of a company's XBRL taxonomy design and disclosure management processes. Financial officers are increasingly relying upon service providers such as EDGAR Online and its partners to assist them in the onboarding and detailed filing process to ensure disclosures are handled as efficiently as possible.

"Despite the number of providers in the competitive landscape more than doubling since 2009, this continued growth in filings handled by EDGAR Online signifies our leadership in helping public companies disclose their documents in XBRL," said EDGAR Online President and CEO Robert J. Farrell. "In the coming year, we will continue to work with our financial publishing partners to provide our industry leading assisted disclosure management and compliance services to their SEC filing customers. In 2012, we also look forward to continuing to enhance our capabilities for companies seeking more control of the filings process while leveraging EDGAR Online's established expertise."

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 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.

SOURCE EDGAR Online, Inc.

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