May 23, 2012: U.S. printing Services Company and a global provider of Integrated Communication services, RR Donnelley & Sons Company is said to acquire Edgar Online for USD 70.5 million.
The company claims to have 60, 000 customers world-wide. RR Donnelley works with these customers to drive the growth in the top line, ensure compliance, and enhance return on investment developing cost effective custom communications solutions. In every segment that RR Donnelley serves they provide a full set of services for which helps in creating, producing, distributing, monetizing and managing the content.
Edgar Online which is an industry leader in eXtensible Business Reporting Language (EXBRL) provides analytics, disclosure and financial data management solutions. Edgar Online helps the institutional investors and corporations manage regulatory disclosure filings and compliance. This company offers its services through the following partners which include
RR Donnelley has been a working very closely with Edgar Online for many years now. Edgar Online has been providing EXBRL services since 2008 to RR Donnelley’s financial services arm. According to Mr. Thomas J. Quinlan, III, the President and Chief Executive Officer of RR Donnelley, this acquisition will help the company to enhance their ability to deliver integrated communication solution better and expand the range of their digital offering.
This deal is expected to help RR Donnelley meet the growing financial communication needs of its clients. It is also expected that this combination of RR Donnelley and Edgar online will help to drive the deployment of SaaS based governance and risk and compliance solutions of RR Donnelley.
The deal includes assumption of equal amount of debt and redemption of preferred shares and this deal will propel RR Donnelley to be an industry leader in XBRL filings. The deal value includes USD 1.092 per common share. As per the official sources, the deal is expected to be closed by third quarter of 2012 subject to regulatory approval and approval of online shareholders of Edgar. Edgar is expected to bring domain expertise in XBRL and best in class technology to RR Donnelley.