EDGAR® ONLINE® RELEASES I•Metrix™ -- XBRL-BASED PRODUCTS TO IMPROVE SPEED AND ACCURACY OF FINANCIAL ANALYSIS

Product Suite Offers more Transparency with more than 1,000 Data Points from U.S. Securities

CONTACT: David Colgren
EDGAR Online Public Relations
PHONE: 646-536-5103
dcolgren@colcomgroup.com

SOUTH NORWALK, Conn. – April 20, 2005 – EDGAR® Online®, Inc. (NASDAQ: EDGR), a leading provider of value-added business and financial information on global companies, announced today that it has released its new I•Metrix™ suite of products based on eXtensible Business Reporting Language (XBRL), providing a new level of financial information transparency to analysts, auditors and corporate finance specialists.

EDGAR Online’s I•Metrix products provide the ability to analyze more than 1,000 normalized and as-reported data points from companies’ financial statements. Coverage includes U.S. securities, including public, private and foreign companies who report financials to the SEC. By the end of 2005, EDGAR Online plans to include data on additional global securities and private companies.

The product line includes I•Metrix Professional delivered via Microsoft® Excel and I•Metrix Architect, which provides an application program interface (API) delivered through a SOAP-compliant web service. EDGAR Online’s I•Metrix Architect allows developers to empower any software application with XBRL data.

EDGAR Online’s I•Metrix Professional includes the company’s new add-in for Excel, access to XBRL-formatted company financial data and customized Excel templates. The add-in for Excel eliminates the need for clients to manually key data into spreadsheets, saving time and avoiding errors that can occur with manual data entry.

EDGAR Online President and CEO Susan Strausberg said, “I•Metrix is the most significant product line in the history of EDGAR Online. It will transform the way financial professionals, especially analysts, auditors and corporate finance specialists obtain and use data. Where our competitors offer only 100-200 data points on public companies, we are offering more than 1,000 on a wide array of companies. This ground-breaking suite of products will expand EDGAR Online’s addressable market significantly from the multimillion to multibillion dollar range.”

EDGAR Online’s I•Metrix suite of XBRL products is available via annual subscriptions. EDGAR Online will market I•Metrix directly through its corporate sales staff. The company will also market I•Metrix via partnerships with Microsoft (NASDAQ: MSFT), Hitachi High-Technologies Corporation, Rivet Software, Financial Executives International (FEI) and others.

"Outsell studies show that professionals now spend more of their time gathering data than analyzing it, a troublesome drag on business productivity,” said Chuck Richard, Vice President and Lead Analyst for Outsell, Inc., an industry research and advisory firm providing market analytics for the Information Industry. “Workflow-ready, integrated content based on XBRL standards, such as that provided by EDGAR Online's I-Metrix products, eliminates re-keying and cut and paste, and that in itself lifts productivity. As a bonus, direct data feeds from SEC filings support today’s heightened compliance requirements by increasing transparency back to the SEC source information.”

More information about EDGAR Online’s I•Metrix suite of XBRL products, including an online demonstration, is available at www.edgar-online.com/products/imetrix.aspx

About EDGAR Online’s I•Metrix Solutions I•Metrix Professional represents a revolutionary advance in the speed, accuracy and convenience of retrieving and analyzing financial data. Without leaving Excel, clients can receive data on multiple companies while avoiding cumbersome cutting and pasting. Clients can also verify data against SEC source documents with a single mouse click. I•Metrix is available in three Professional editions and as I•Metrix Architect:

• I•Metrix add-in for Excel.
• Excel templates for standard securities valuation tasks such as discounted cash flow and earnings per share.
• Access to XBRL-formatted company financial data.

• I•Metrix add-in for Excel.
• Excel templates for benchmarking tasks.
• Access to XBRL-formatted company financial data.

• I•Metrix add-in for Excel.
• Excel templates for peer analysis.
• Access to XBRL-formatted company financial data.

• Application Program Interface (API) delivered through a SOAP-compliant web service.
• Permits developers to incorporate I•Metrix XBRL-formatted data into any software application.

About XBRL XBRL is a universal format for exchanging financial and business reporting data. XBRL-based documents allow for the tagging of specific pieces of financial and business reporting information. XBRL tags are analogous to bar codes on physical products. They allow for the automatic interchange of financial and business reporting data among various parties throughout the information supply chain, regardless of the software any party uses. More information about XBRL is available from XBRL International (www.xbrl.org).

About EDGAR® Online®, Inc. EDGAR Online, Inc. (NASDAQ: EDGR), www.edgar-online.com, is a leading provider of value-added business and financial information on global companies to financial, corporate and advisory professionals. The company makes its information and a variety of analysis tools available via online subscriptions and licensing agreements to a large user base.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. EDGAR Online, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by EDGAR Online, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, and (iii) obtain additional financing, changes in general economic and business conditions (including in the online business and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, risks in connection with acquisitions, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies.

EDGAR® is a federally registered trademark of the U.S. Securities and Exchange Commission (SEC). EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission.

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