RR Donnelley and EDGAR Online Are Top Solution Providers for SEC XBRL Filers
CHICAGO--(BUSINESS WIRE)--Sept. 25, 2007--R.R. Donnelley & Sons Company (NYSE:RRD) and EDGAR(R) Online, Inc. (Nasdaq: EDGR) announced today that through their full-service XBRL translation and EDGAR filing offering, they have successfully transmitted more XBRL filings with the SEC than any other full-service XBRL translation and SEC filings provider. The solution offered by both companies has been chosen by more than 40% of all companies that have participated in both the SEC's Test and Voluntary XBRL programs.
"As a global leader in financial printing and filing services, R.R. Donnelley is very proud to be foremost in our industry in providing client services around XBRL technology and filing through this relationship with EDGAR Online," stated Tom Juhase, President, RR Donnelley Financial Services. "XBRL is clearly an important priority at the SEC and we will continue to provide our clients with the best possible solutions."
Philip Moyer, CEO and President of EDGAR Online said, "EDGAR Online adopted XBRL technology years ago for our own products and has been at the forefront of its adoption ever since. We are very pleased to be working with RR Donnelley to respond to client needs and enable the broader adoption of XBRL technology at the SEC."
RR Donnelley and EDGAR Online have created the leading solution for enabling public companies to respond proactively to the SEC's recent call for increased use of interactive data. EDGAR Online's XBRL technology and platform have enabled RR Donnelley to offer their clients financial statement translation into XBRL for submission to the SEC. XBRL is a standards-based method with which users can prepare, publish (in a variety of formats), exchange and analyze financial statements and the information they contain. RR Donnelley and EDGAR Online are both long-time supporters of the XBRL Consortium's efforts to promote global awareness and adoption of XBRL. EDGAR Online, a founding member of the XBRL Consortium, has also worked closely with the Consortium to develop and improve the XBRL standard and associated taxonomies.
About RR Donnelley
RR Donnelley (NYSE:RRD) is the world's premier full-service provider of print and related services, including business process outsourcing. Founded more than 140 years ago, the company provides solutions in commercial printing, direct mail, financial printing, print fulfillment, labels, forms, 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 www.rrdonnelley.com
.About EDGAR(R) Online, Inc.
EDGAR(R) Online, Inc. (Nasdaq: EDGR), 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 its information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.About XBRL
XBRL is a standards-based method with which users can prepare, publish (in a variety of formats), exchange and analyze financial statements and the information they contain. XBRL complements XML, which is the universal format for data on the Web that uses tags (identifiers) to describe and deliver data from an application. XBRL allows accountants and other financial professionals and regulatory organizations to identify -- by a tag -- items unique to business information, such as financial statements.
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 filings with the SEC. RR Donnelley disclaims any obligation to update or revise any forward-looking statements.
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RR Donnelley Investor Contact: Dan Leib Senior Vice President, Treasurer 312.326.7710 dan.leib@rrd.com |
RR Donnelley Media Contact: Doug Fitzgerald Executive Vice President Communications 630.322.6830 doug.fitzgerald@rrd.com |