EDGAR Online, the New York City company that distributes corporations' Securities and Exchange Commission filings and data, is merging with Redwood City, Calif.-based UBMatrix, which provides software solutions that help companies format their SEC filings in eXtensible Business Reporting Language, or XBRL. EDGAR Online and UBMatrix say the merger positions the combined company as "a global leader in XBRL software, services and data." After the all-stock transaction takes place, UBmatrix will be a wholly owned subsidiary of EDGAR Online, with Sunir Kapoor, currently president and CEO of UBmatrix, serving as president of the subsidiary.
IT2 Treasury Solutions, the London-based provider of treasury management software, says the new 7.0 release of its Feature Pack contains a fully integrated electronic bank account management (eBam) program. The eBam program will give companies up-to-date visibility into their bank exposures worldwide, IT2 says. The 7.0 release also extends the software's lease management and advanced credit risk management solutions, according to the company.