Business and Finance Week
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Edgar Online, Inc.
Bain Capital Ventures Invests $12 Million in EDGAR Online
February 13th, 2010
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...
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Source: Business and Finance Week (2010-02-13)