Source: Cartesis

Cartesis Announces Unique Partnership with EDGAR Online to Provide More Comprehensive Views of Financial and Operational Performance

Cartesis 10, the First Performance Management Suite to Integrate with EDGAR Online I-Metrix Database of Public Company Financials

NORWALK, Conn. – April 19, 2006 – Cartesis, the world leading specialist in finance and performance management, and EDGAR Online, Inc. (NASDAQ: EDGR), today announced details of a formal partnership to integrate Cartesis 10 with the EDGAR Online database of public company financial information. Cartesis customers will now be able to feed traditionally inward-facing financial and operational management applications with external financial data from I-Metrix to deliver more comprehensive views of their company's performance and how it compares to that of their peer groups.

"Our I-Metrix data adds a third dimension to the Cartesis client’s ability to benchmark themselves against their peers," says Susan Strausberg, CEO of EDGAR Online, Inc. "In an era where investors and regulators are looking for more transparent information about companies, senior management teams are also looking for more comprehensive views to help them understand how they perform relative to their competition. The combination of Cartesis and EDGAR Online I-Metrix data accomplishes that for them."

Cartesis 10 is a business performance management (BPM) suite that corporate finance professionals use to manage the historical, current and future financial performance of their companies. With this new partnership, they will now be able to pull any extensible business reporting language (XBRL) data from EDGAR Online's I-Metrix database into a rich, highly integrated performance management suite to perform benchmarking, create key performance indicators (KPIs), and run what-if scenarios. This newly accessible wealth of external financial data will aid planning, budgeting and forecasting, merger and acquisition (M&A) analysis as well as improve executives’ overall understanding of how their companies are positioned. Companies will greatly benefit by exploring these new views into company performance because they add context to traditional internal performance measurement.

EDGAR Online's I-Metrix, is a data and analytical suite of products that targets the corporate and financial communities with granular information and value-added tools that facilitate broad company and industry analysis including benchmarking, peer analysis, valuation modeling, scenario testing and contribution analysis among others.

"Companies now have a way to easily evaluate opportunities and threats in M&A – which has grown increasingly important as transactions volumes have grown rapidly," says Robert D. Kugel, CFA, VP & Research Director at Ventana Research. "Instead of running one-off analyses, they can manage M&A intelligence continuously, keeping tabs on targets’ financials and pro-formas of a combined company on an ongoing basis. Alternatively, they can monitor how they look to potential acquirers. Integrating EDGAR data with Cartesis 10 will enable companies to check where things stand on an ongoing basis. As a bonus, they also can use EDGAR data in Cartesis 10 for benchmarking their results on key performance indicators against their industry peers."

The EDGAR Online partnership and Cartesis 10 suite is being announced at Cartesis' user conference, Connect 2006 North America (www.cartesis.com/connect). Cartesis 10 will be available in June 2006.

About EDGAR® Online®, Inc.
EDGAR® Online®, Inc. (Nasdaq: EDGR) 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. For more information, please visit www.edgar-online.com.

About Cartesis
Cartesis is the world leading specialist in finance and performance management software with more than 1,300 corporate customers, 600 employees and 200 consultants worldwide. Created in 1990, Cartesis provides insight, control and confidence by unifying information, people and processes at demanding multinationals like Air France KLM, Cargill, Danone, Diageo, Nissan, Société Générale and Standard Life. Over 24% of Fortune Global 100 companies rely on Cartesis’ deep financial expertise and standard-based technology for compliance, financial consolidation, management reporting, planning, budgeting, forecasting, intercompany reconciliation; all unified in a single data-model that can be leveraged by internal and external users. Cartesis’ partners include Microsoft, Accenture, Bearing Point, E&Y, KPMG and PwC. Cartesis has customers in 44 different countries and offices in Brussels, Frankfurt, London, Norwalk (CT), Paris, Tokyo, Toronto and Utrecht. For more information, go to www.cartesis.com.

All cited names and/or trademarks are the property of their respective owners.

CONTACT:

Jonathan Stotts
Cartesis Inc.
Tel: (203) 956-2186
Email: jstotts@cartesis.com

T. David Colgren
Colcomgroup, Inc. (for EDGAR Online)
Tel: (646) 536-5103
Email: dcolgren@colcomgroup.com

For further press information please contact:
Jessie Anderson
Tel: (212) 885-0662
Email: jessie.anderson@hillandknowlton.com

To Top