NEW YORK, Jan. 29 /PRNewswire-FirstCall/ — EDGAR® Online, Inc. (Nasdaq: EDGR), a leader in the distribution of public company filings and in the XBRL financial reporting standard, announced that it has completed an agreement for Bain Capital Ventures to purchase $12 million worth of convertible Series B Preferred Stock of the Company. EDGAR Online expects to use the newly-secured funding to scale its pioneering leadership position in the filing business associated with XBRL, the eXtensible Business Reporting Language standard, and simultaneously invest to expand its data and subscription offerings.

Bain Capital Ventures is an affiliate of Bain Capital, one of the largest and most respected private investment firms in the world. Bain Capital Ventures is known for its exceptional approach to identifying and partnering with the management teams of early and growth stage entrepreneurial companies to build market leaders. The firm has invested in such industry-leading companies as Gartner Group, SunGard, Experian, Archer Technologies, SolarWinds, DoubleClick, Instinet, Staples, ProfitLogic, Regulatory Data Corporation,, Taleo, LinkedIn and others. The Jordan, Edmiston Group acted as advisor to EDGAR Online in connection with the transaction.  Source: EDGAR Online, Inc

BIIA Newsletter March I – 2010 Issue