EDGAR Online, Inc. Raises $5 Million
Private Placement of Securities
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South Norwalk, CT - January 9, 2002 - EDGAR
Online, Inc. (Nasdaq: EDGR)
announced today it has raised $5 million via a private placement of
securities. EDGAR Online, Inc. is a provider of financial
information derived from U.S. Securities and Exchange Commission data
and developer of financial and business systems solutions.
Institutional Investors in the transaction include Special Situations
Funds, Discovery Capital Partners and an existing shareholder. They
have invested $5 million through the purchase of EDGAR Online,
Inc. securities. The transaction was facilitated by Atlas
Capital Services, LLC
"These funds represent exactly the type of experienced investors
EDGAR Online is proud to have as shareholders,"
said Susan Strausberg, CEO of EDGAR Online, Inc. "EDGAR
Online is poised to continue to leverage its brand and product
and sales expertise in the financial information business."
Proceeds of the transaction will be used to help fund EDGAR
Online's continued growth into the corporate marketplace including
product and sales force development. Sales to the corporate marketplace
now account for over 80% of the company's revenue.
About EDGAR Online, Inc.
EDGAR Online, Inc. is a provider of financial information
derived from U.S. Securities and Exchange Commission data and a developer
of financial and business system solutions. Based in Norwalk, Connecticut,
with offices in Rockville and Baltimore, Maryland and New York City,
the company sells to the corporate market and Internet portals as
well as running destination Web sites including EDGAR Online
(http://www.edgar-online.com).
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. EDGAR
Online is a product of EDGAR Online, Inc.
About Atlas Capital Services, LLC.
Atlas Capital is a privately held investment banking firm, based in
New York City, that provides small and midcap companies with a broad
range of financial services including capital raising, mergers and
acquisitions, advisory work, and institutional trading.
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