PR Newswire and EDGAR Online, Inc. jointly announced that they have agreed to work together to deliver next-generation compliance and communications offerings based on XBRL (eXtensible Business Reporting Language) technology. As part of the agreement, PR Newswire's Vintage Filings division will immediately offer EDGAR Online's XBRL tagging and filing services as part of their SEC compliance offerings.
Additionally, the companies have agreed to work together to incorporate XBRL data and tools from EDGAR Online within investor communications products offered by PR Newswire.
According to the SEC mandate of December 2008, all US public companies are required to file XBRL-tagged financial statements with the SEC during a three-year phase-in period. The largest companies began in 2009.