XBRL Repository at EDGAR Online
EDGAR Online, Inc. Launches an XBRL Repository. Repository for Financial Statements Tagged in XBRL
South Norwalk, Conn, USA. December 13, 2001.
EDGAR Online, Inc. announced today at the XBRL Organization committee meeting in Orlando, Florida it has launched XBRL Express (http://www.xbrl-express.com), a public repository for company financial statements tagged in XBRL (eXtensible Business Reporting Language) format. EDGAR Online, Inc. is a provider of financial information derived from U.S. Securities and Exchange Commission data and developer of financial and business systems solutions.
XBRL, the newly developed business-specific XML financial reporting language, is being advanced by the XBRL Organization, a global consortium of over 120 companies including the American Institute of Certified Public Accountants (AICPA), Institute of Management Accountants (IMA) and other major financial services, technology, and public accounting organizations. XBRL is expected to become the standard way in which U.S. public companies will prepare, report and disseminate their financial information.
About XBRL Express
XBRL Express is a single source for analysts, investors, credit and lending institutions, news organizations and accountants to source company financials prepared and published in XBRL format. The repository will initially hold tagged XBRL statements from 80 companies in 12 industries. "Today, XBRL Express represents the first step towards a centralized XBRL repository for all public companies," Liv Watson, Director of XBRL for EDGAR Online, Inc.
"XBRL Express represents an important step in establishing our leadership position to take advantage of this groundbreaking method to manage financial data," said Susan Strausberg, CEO of EDGAR Online, Inc.
"XBRL will benefit all users of the financial information supply chain-public and private companies, the accounting profession, regulators, analysts, the investment community, capital markets and lenders, as well as key third parties such as software developers and data aggregators," said Mike Willis, chairman of the XBRL Organization Steering Committee and a partner with PriceWaterhouseCoopers.
"We applaud EDGAR Online for its efforts to provide a central XBRL repository that will benefit the financial community and individual public companies," said Dennis Strouble, Vice President of ePartners, a leading accounting software consultant and re-seller.
About EDGAR Online, Inc.
EDGAR Online, Inc. is a provider of financial information derived from U.S. Securities and Exchange Commission data and a developer of financial and business system solutions. Based in Norwalk, Connecticut, with offices in Rockville and Baltimore, Maryland and New York City, the company sells to the corporate market and Internet portals as well as running destination Web sites including EDGAR Online (http://www.edgar-online.com).
EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission (SEC). EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. EDGAR Online is a product of EDGAR Online, Inc.
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