EDGAR® Online®, Inc. and Business Objects announced on Wednesday, June 2, the signing of a new technology partnership in which the companies will conduct joint sales, marketing and development activities.
The partnership provides an integrated solution enabling joint customers to easily and quickly obtain and use financial data. Customers of the new partnership will be able to access financial data in eXtensible Business Reporting Language (XBRL), a royalty free, open specification using XML-based data tags to describe financial data in business reports and databases.
EDGAR Online’s I-Metrix suite of SXBRL products enables financial analysts, auditors and investors to analyze financial statement data of all companies reporting financials to the Securities and Exchange Commission (SEC). The partnership agreement with Business Objects allows EDGAR Online to market its I-Metrix suite of XBRL products to the more than 30,000 customers worldwide of Business Objects.
“We are extremely pleased that Business Objects has chosen to work with EDGAR Online. The combination of Business Objects’ business intelligence platform and the EDGAR Online I Metrix suite of XBRL products will help our joint customers benefit from the access to standards-based corporate financial data,” says Susan Strausberg, EDGAR Online President and CEO.
Jon Dorrington, Business Objects’ vice president of alliances agrees, stating “The ability to access financial information is very important to our customers. The integration of our industry-leading BI platform with EDGAR Online’s I-Metrix suite will enable joint customers to more easily access and analyze their financial data to improve performance.”