Albert Girod, founder and CEO of FIS, will become the Chief Technology Officer of EDGAR Online and will join the company's Board of Directors.
...According to Albert Girod, founder and CEO of FIS, "This transaction clearly positions EDGAR Online as the leader in the financial information industry.
The company will have a long list of blue chip clients and an unmatched array of real-time products and services.We are pleased to be partnering with such a formidable force in the industry."
Don Bosic, Senior Vice President of the Interactive Group
at NASDAQ, said "NASDAQ looks forward to taking advantage of the new services that will be available to us as a result of the combination between FIS
and EDGAR Online."
While this acquisition bolsters primarily the corporate segment of its business, EDGAR Online
remains committed to its Internet-based advertising and on-line subscriptions revenue streams, which are expected to account for approximately 25% of revenues next year.