RR Donnelley to Acquire EDGAR Online, a Provider of Financial Data and Analytics
CHICAGO/ROCKVILLE, MD—May 22, 2012—R. R. Donnelley & Sons and EDGAR Online have signed a definitive agreement for RR Donnelley to acquire EDGAR Online, a leading provider of disclosure management services, financial data and enterprise risk analytics software and solutions for both corporate and investment professionals. The deal is valued at approximately $70.5 million. The transaction is expected to close during the third quarter of 2012.
“This acquisition continues to expand the range of our digital offering and further enhances our ability to deliver integrated communications solutions,” said Thomas J. Quinlan, III, RR Donnelley’s president and CEO. “In every segment that we serve we provide a full set of resources for creating, managing, producing, distributing and even monetizing content.”
EDGAR Online has provided XBRL (eXtensible Business Reporting Language) services for RR Donnelley’s Financial Services offering since 2008. Working with EDGAR Online, RR Donnelley has become an industry leader in executing XBRL filings.
“We are very pleased to be joining a company with whom we have worked so closely,” observed Robert J. Farrell, EDGAR Online’s president and CEO. “Our proven innovative solutions for professionals who produce and consume financial information can be immediately leveraged by RR Donnelley’s customer base. We expect that this combination will help to drive the development and deployment of our SaaS-based governance, risk and compliance (GRC) solutions that can help RR Donnelley meet its clients’ growing financial communications needs.”
Tom Juhase, President of RR Donnelley’s Financial Services offering, stated, “This is a natural fit with our growing portfolio of financial disclosure management services and a superb match for our clients’ needs for end-to-end solutions. Our long working relationship with EDGAR Online gives us immense confidence in their platform, people and processes. They will bring best in class technology and deep domain expertise in XBRL—an area of vital importance to our clients.
“We are seeing significant demand for XBRL services this year as all public companies soon will need to comply with the SEC’s detailed tagging requirements. EDGAR Online has a tested platform that has scaled in concert with our capacity needs. With EDGAR Online, we are able to further assist our clients with the creation of key documents and provide investors innovative analytical tools that support even better-informed decision making,” concluded Juhase.
About RR Donnelley
RR Donnelley (Nasdaq:RRD) is a global provider of integrated communications. The company works collaboratively with more than 60,000 customers worldwide to develop custom communications solutions that reduce costs, drive top-line growth, enhance ROI and ensure compliance. Drawing on a range of proprietary and commercially available digital and conventional technologies deployed across four continents, the company employs a suite of leading Internet based capabilities and other resources to provide premedia, printing, logistics and business process outsourcing services to clients in virtually every private and public sector.
EDGAR Online (Nasdaq:EDGR) provides financial data, analytics and disclosure management solutions to help corporations and institutional investors facilitate compliance and management of regulatory disclosure filings. In addition to developing a variety of unique as-reported and normalized data sets, EDGAR Online is an industry leader in XBRL (eXtensible Business Reporting Language) processing. 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.