EDGAR Online Hires Gregory Carter as Chief Technology Officer

ROCKVILLE, Md., Nov. 3, 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 Gregory Carter to the position of chief technology officer (CTO). Carter -- who has more than 20 years experience in software design, development and implementation – will be responsible for setting the product, technology and operational vision for EDGAR Online and will serve as a member of the company's operating committee.

"Greg has built his career on the belief that successful software companies come not just from technology, but from the kind of customer-focused principles that create revenue and spur repeat business," said Robert J. Farrell, president and CEO of EDGAR Online. "We expect that Greg's experience in customer research, technology and product development will help shape EDGAR Online's strategy and drive revenue through existing and new products and offerings."

Prior to joining EDGAR Online, Carter was the CTO and executive vice president of product development at Metastorm, a global provider of business process management software and solutions, where he grew the company from a start-up to an established firm with revenues of $75 million. Prior to Metastorm, Carter held positions at the International Monetary Fund, Software Systems Group and PCDOCS.

"This is an exciting time at EDGAR Online, as the company positions itself to leverage its well-established information sharing foundation to offer a variety of data-focused solutions that will ultimately help people and institutions analyze information to make better informed decisions," said Carter. "I look forward to working with the talented team in place at EDGAR to leverage the company's technology assets in the expanding market for disclosure, governance and risk analysis data and solutions."

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 customers 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.

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