Merrill Corporation Launches XBRL Solution for Mutual Funds

ST PAUL, Minn. & NEW YORK--(BUSINESS WIRE)--Merrill Corporation (www.merrillcorp.com), a leading global provider of technology-enabled services for the financial, healthcare, real estate, legal and other corporate markets, today announced a comprehensive solution for the SEC’s XBRL mandate for mutual funds.

“We are confident this strategic alliance will be of enormous benefit to Merrill’s customers”

Merrill Corporation’s XBRL Complete data management solution offers mutual funds a robust end-to-end service offering that produces accurate and reliable data in XBRL format through a cost effective and efficient process. Designed to enable clients to comply with confidence, the XBRL Complete filing solution is structured so data is systematically tagged, validated, filed and published. In addition, the XBRL Complete publishing solution is designed to integrate with Merrill Corporation’s hosting and linking solution for summary prospectus, as well as with other publishing approaches, providing a complete toolset for investor communications. This solution, coupled with Merrill’s extensive knowledge and expertise, ensures clients meet the requirements of the SEC’s Interactive Data or “XBRL” mandate.

“By utilizing the EDGAR data filed with and stored by the SEC as the source data to create XBRL, we ensure that the content in EDGAR and XBRL is identical and, therefore, compliant,” said President of Merrill Corporation’s MCS division, Roy Gross. “With XBRL Complete, our clients have the confidence in the preparation and filing of the XBRL through to our unique publishing options that harness the power of XBRL to the advantage of our client’s investors. We are delivering a comprehensive solution for the XBRL mandate that will allow our clients to effectively comply with the new ruling and realize enhanced cost-effectiveness and efficiencies associated with their filings.”

In support of this new solution, Merrill Corporation has entered into a strategic alliance with EDGAR Online that will allow clients to leverage EDGAR Online's industry-leading XBRL tagging services to the mutual fund marketplace. Designed to simplify tagging, this partnership will streamline the tagging process and ensure an accurate selection of tags from the current version of the taxonomy – the first time and every time. The alliance combines Merrill Corporation’s experience as the leading provider of compliance services to the investment industry and EDGAR Online's expertise as a major strategic provider of XBRL services and data.

"We are confident this strategic alliance will be of enormous benefit to Merrill’s customers,” said Phil Moyer, President and CEO of EDGAR Online. “We are excited to bring our industry-leading XBRL services to the new mutual fund marketplace. This experience and our advanced technology tools that support XBRL Complete will ease the adoption of the XBRL standard for mutual funds across the financial information supply chain - from mutual fund filers and regulators to investors."

About Merrill Corporation
Founded in 1968 and headquartered in St. Paul, Minn., Merrill Corporation www.merrillcorp.com is a leading provider of outsourced solutions for complex business communication and information management. Merrill’s services include document and data management, litigation support, language translation services, fulfillment, imaging and printing. Merrill serves the corporate, legal, financial services, insurance and real estate markets. With more than 5,000 people in over 70 domestic and 15 international locations, Merrill empowers the communications of the world’s leading organizations.

About EDGAR® Online, Inc.
EDGAR Online, Inc. (www.edgar-online.com) (Nasdaq: EDGR) is a leader in the distribution of company data and public filings for equities, mutual funds and a variety of other publicly traded assets. The company delivers its information products via online subscriptions and data licenses directly to end-users, embedded in other web sites and through a variety of redistributors. EDGAR Online has also developed proprietary automated systems that allow for the rapid conversion of data and is a pioneer and leader in XBRL. The company uses its automated processing platform and its expertise in XBRL to produce both datasets and tools and to assist organizations with the creation, management and distribution of XBRL financial reports.