NORWALK, Conn., Feb. 5 /PRNewswire-FirstCall/ -- EDGAR Online, Inc. announced today that Philip Moyer, CEO and President, was recently elected to the 2008 Board of XBRL-US. XBRL-US is the nonprofit consortium for XML-based business reporting standards in the U.S. In this role, Mr. Moyer joins other thought leaders drawn from the investor community, software and service providers, information aggregators and the accounting profession.
In related news, Liv Watson, EDGAR Online Vice President of Global Strategy, was elected to the XBRL International Jurisdiction Development Committee, and Gregory Sedgwick, EDGAR Online Director of Data Products, was elected to the XBRL International Quality Review Team.
"EDGAR Online was a pioneer when it began the first efforts with a handful of other organizations in 1999 to develop what is now XBRL," said Philip Moyer, CEO and President of EDGAR Online. "We had no idea that our involvement would propel EDGAR Online to its current position as the world's largest XBRL data services provider. Because of our innovation and experience, today's CFOs, business executives, analyst and investors use our cost-effective XBRL solutions to both produce and consume high quality, three- dimensional usable data for near real-time decision making."
"Good governance is important to setting good standards, and the leadership and support from our Board members comes at a critical stage as we expand our membership and move XBRL into the mainstream," said Mark Bolgiano, XBRL-US President and CEO. "EDGAR Online is a private sector company offering real working XBRL solutions today. This is no longer about theory - it's about practical use of interactive data applications to help make more intelligent investment decisions."
Added Moyer, "Our elections to XBRL-US and XBRL International positions keep EDGAR Online at the center of the new world of interactive data and allows us to share our knowledge in the development of the open XBRL platform."
About EDGAR(R) Online, Inc.
EDGAR Online, Inc. , http://www.edgar-online.com/, is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The Company makes information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base. For more information, and to download
EDGAR Online's free XBRL whitepaper, please visit: http://www.edgar-online.com/products/imetrix.aspx .
About XBRL-US
XBRL-US represents the US jurisdiction of XBRL International, Inc. XBRL-US oversees the development of technical standards and works for specific adoption in the public and private sectors in the US markets, and conducts member and outreach events for both local and international audiences. XBRL-US working groups develop the tags and coordinate adoption and outreach. To learn more about XBRL-US, please visit http://www.xbrl.org/us.
About XBRL International, Inc. (XII)
XII is an independent, not-for-profit organization with over 550 global members that oversees the development of XBRL. These member-organizations work together to build the XBRL language and to promote and support its adoption. The consortium members meet periodically in international conferences, conduct committee work regularly via conference calls, and communicate in email and phone calls throughout the week. For more information on XII, please visit http://www.xbrl.org/.
EDGAR Online, Inc.
