It was announced today that EDGAR Online and UBmatrix will merge. Here is the first two paragraphs of the press release:
NEW YORK and REDWOOD CITY, Calif., June 24 /PRNewswire-FirstCall/ -- EDGAR® Online, Inc. (Nasdaq: EDGR) and UBmatrix, Inc. today announced the signing of a definitive merger agreement that would create the first global end-to-end provider of solutions for the creation, validation and analysis of XBRL (eXtensible Business Reporting Language) content. UBmatrix is one of the original inventors of the XBRL financial standard, which is being mandated worldwide by many regulators to improve the transparency and efficiency of business reporting.
The merger would combine EDGAR Online's position as the leading provider of U.S. Securities and Exchange Commission (SEC) public company XBRL filings and XBRL data, and UBmatrix's experience as the leading XBRL software provider to independent software vendors and major U.S. and international regulators. The combined entity will be strongly positioned to provide global markets with XBRL based transparency solutions from issuers to regulators to investors.