EDGAR Online Expands Executive Management Team

ROCKVILLE, Md., Sept. 12, 2011 /PRNewswire/ -- EDGAR® Online, Inc. (NASDAQ: EDGR), a leading global provider of XBRL (eXtensible Business Reporting Language) software, services and data, today announced the appointment of David Frankel to the position of chief marketing officer, Jeannie Tshontikidis to the position of vice president of data operations, and Steven Friedman to the position of general counsel. The continued expansion of the executive management team since CEO Robert J. Farrell joined the company in March helps EDGAR Online capitalize on its position as a well-established leader in not just XBRL, but also financial data solutions. In addition to having the most comprehensive XBRL processing infrastructure in the marketplace, the company is building the experienced team needed to manage its continued growth and vast opportunities in the financial data marketplace.

David Frankel was most recently on the executive team at Silicon Valley-based business intelligence technology firm FirstRain. At FirstRain, Mr. Frankel oversaw the firm's business development efforts, contributing to the 150 percent increase in company bookings and significant client count expansion. Under Mr. Frankel's leadership, FirstRain redefined its marketing positioning plan and pricing models, negotiated multi-year deals with customers and partners in new target markets, and designed and executed a new product distribution strategy. As chief marketing officer at EDGAR Online, Mr. Frankel will draw from his more than 18 years of leadership in sales, marketing and business development at prominent financial information services firms, including Bank of New York, and more than 11 years at FactSet Research Systems.

Jeannie Tshontikidis comes to EDGAR Online from RiskMetrics Group (formerly Institutional Shareholder Services), where she served as head of global data services and then head of governance development, IT. While at RiskMetrics, Ms. Tshontikidis was responsible for all aspects of product development, as well as data gathering for the newly formed global data services team, which spanned the U.S., Canada, Europe and Asia. Prior to that, Ms. Tshontikidis was vice president of information technology at GE Global Exchange Services, where she provided the sales team with better access to timely information, resulting in productivity savings and an increase in revenue.

Before joining EDGAR Online as general counsel, Steven Friedman was most recently general counsel at Institutional Shareholder Services, a subsidiary of MSCI. Mr. Friedman served on the executive team that helped manage Institutional Shareholder Services through rapid growth and eventual sale to RiskMetrics in 2007, through its initial public offering in 2008, and then through a public-to-public merger with MSCI in 2010. Over the past 15 years, Mr. Friedman has also worked in the corporate and securities departments of leading law firms in the Washington, D.C. area.

"David Frankel, Jeannie Tshontikidis and Steven Friedman bring significant management, industry knowledge and thought leadership to the EDGAR Online team. They are at the top of their respective fields," said Mr. Farrell. "Since assuming the role of CEO in March of this year, I have moved aggressively to bring the company to the next stage of innovation and prepare EDGAR Online to leverage our core strengths and expertise to develop and deliver compelling solutions for a variety of problems we are hearing about from our clients and the marketplace. These key additions are progress towards that goal, and I'm pleased to welcome Jeannie, Steven and David to my team."

In addition to driving deeper market penetration for the company's existing products and services, Mr. Frankel will lead the strategy and execution around the identification, innovation and development of new data and related analytical products across multiple vertical and subvertical market segments. Ms. Tshontikidis will be responsible for all data operations functions and risk return filings at EDGAR Online, increasing the company's presence in the XBRL market and promoting the use of unique and compelling data sets within the investor and financial communities. Mr. Friedman will handle all of EDGAR Online's legal functions, compliance and SEC reporting as the company enters into bigger and more complex agreements.

About EDGAR Online

EDGAR Online (NASDAQ: EDGR) is a leading global provider of XBRL data, software and services solutions that improve the flow of business information. The company's integrated portfolio of products and services for global enterprises help them create, deliver, analyze and use quality information. Thousands use the company's solutions, including U.S. public companies, mutual funds, leading financial analysts and institutional investors, as well as global regulators such as the FDIC, Banque de France and the U.S. Securities and Exchange Commission. The company delivers its solutions, including UBmatrix® XBRL software solutions, through an extensive network of partners, including LexisNexis®, NASDAQ OMX, Oracle, PR Newswire, RR Donnelley and SAP. To learn more about EDGAR Online, visit www.edgar-online.com.

Use of Forward-Looking Statements

This press release may contain forward-looking statements.  These statements relate to future events or to future financial performance and may include, without limitation, statements regarding our future growth prospects, future demand for our XBRL products/services and future innovations in our data and solutions and subscriptions businesses.  These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "predict," "potential," or "continue" or the negative of these terms or other comparable terminology.  You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond our control and that could materially affect actual results, levels of activity, performance, or our growth strategy.  For further information about the factors that could affect EDGAR Online's future results, please refer to our filings with the Securities and Exchange Commission.  We assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise.

EDGAR® 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.

SOURCE EDGAR Online, Inc.