R.R. Donnelley and EDGAR(R) Online(R) Extend Relationship for Processing and Filing Financial Information in XBRL Format
October 01 2008 - 7:00AM
PR Newswire (US)
Two Companies Have Industry Leading Solution for XBRL Conversion
and Compliance CHICAGO AND NEW YORK, Oct. 1 /PRNewswire-FirstCall/
-- R.R. Donnelley & Sons Company (NYSE:RRD) and EDGAR Online,
Inc. (NASDAQ:EDGR) announced today that they have signed a three
year extension to their exclusive agreement to offer public
companies an eXtensible Business Reporting Language (XBRL)
compliance solution. Since an original agreement was entered into
in 2006, the RR Donnelley and EDGAR Online solution has become the
number one choice to date for companies that have submitted XBRL
formatted financials to the U.S. Securities and Exchange Commission
(SEC) and offers a cost effective complete solution for public
companies to respond to the SEC's proposed rule for the required
use of XBRL, or interactive data, starting in 2009. "We are very
pleased with the benefits we've been able to extend to our clients
through our collaboration with EDGAR Online," said Tom Juhase,
President of RR Donnelley's Financial Services offering. "Our
full-service solution to the SEC's proposed XBRL mandate has
effectively demonstrated time savings, cost efficiency and ease of
use. The process for our clients is very straight forward. We
complete the initial translation, our client validates the tags,
and then we submit the filing. It's a clear and simple process."
"We look forward to continued market leadership in XBRL through our
relationship with RR Donnelley and are more convinced than ever
that our relationship provides filers with the best possible market
solution as we enter a new era of regulatory reporting," said
Philip Moyer, CEO and President of EDGAR Online. "Together, we will
ensure that XBRL compliance remains simple and reliable. EDGAR
Online's core capabilities of deep XBRL expertise and an automated,
scalable conversion solution fit very well with RR Donnelley's
commitment to provide the best possible services and solutions to
their clients." About RR Donnelley R.R. Donnelley (NYSE:RRD) is the
world's premier full-service provider of print and related
services, including document-based business process outsourcing.
Founded more than 144 years ago, the company provides solutions in
commercial printing, direct mail, financial printing, print
fulfillment, forms and labels, logistics, call centers,
transactional print-and-mail, print management, online services,
digital photography, color services, and content and database
management to customers in the publishing, healthcare, advertising,
retail, technology, financial services and many other industries.
The largest companies in the world and others rely on RR
Donnelley's scale, scope and insight through a comprehensive range
of online tools, variable printing services and market-specific
solutions. For more information, visit the company's web site at
http://www.rrdonnelley.com/. About EDGAR Online, Inc. EDGAR Online,
Inc. (NASDAQ:EDGR) is a leader in the distribution of company data
and public filings for equities, mutual funds and a variety of
other publicly traded assets. We deliver our information products
via online subscriptions and data licenses directly to end-users,
embedded in other web sites and through a variety of
redistributors. EDGAR Online has also developed proprietary
automated systems that allow for the rapid conversion of data and
is a pioneer and leader in the global financial reporting
standard--eXtensible Business Reporting Language or XBRL. We use
our automated processing platform and our expertise in XBRL to
produce both datasets and tools and to assist organizations with
the creation, management and distribution of XBRL financial
reports. For more detailed information on all of our businesses or
to contact us please visit our website at
http://www.edgar-online.com/ Use of Forward-Looking Statements This
news release may contain "forward-looking statements" as defined in
the U.S. Private Securities Litigation Reform Act of 1995. Readers
are cautioned not to place undue reliance on these forward-looking
statements and any such forward-looking statements are qualified in
their entirety by reference to the following cautionary statements.
All forward-looking statements speak only as of the date of this
news release and are based on current expectations and involve a
number of assumptions, risks and uncertainties that could cause the
actual results to differ materially from such forward-looking
statements. Readers are strongly encouraged to read the full
cautionary statements contained in RR Donnelley's and EDGAR Online,
Inc.'s filings with the SEC. RR Donnelley and EDGAR Online, Inc.
disclaim any obligation to update or revise any forward-looking
statements. EDGAR(r) 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. DATASOURCE: R.R. Donnelley & Sons Company; EDGAR
Online, Inc. CONTACT: T. David Colgren, Colcomgroup, Inc.,
+1-917-587-3708, Web Site: http://www.edgar-online.com/
http://www.rrdonnelley.com/
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