Robert Kugel's Analyst Perspectives

Edgar Online and UBmatrix to Merge for Growing XBRL Market

Posted by Ventana Research on Jun 25, 2010 4:35:31 PM

Edgar Online (EDGR) and UBmatrix announced it will be merging, pending EDGR shareholder approval. In my opinion the merger is a good thing for the two organizations and good for their customers. The two companies are a good fit and the combination gives the consolidated entity a bit more economic heft, providing it with greater resources for continued development over the longer run. However, the subtext of the deal is: “It’s hard to make a buck in the XBRL business.”

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Topics: XBRL, Business Performance Management (BPM), finance, Financial Performance Management (FPM), SEC