Cartesis Finds 84 Percent of Companies Recognize the Importance of Benchmarking Financial Performance – Yet Only 31 Percent Do So

Cartesis and EDGAR Online to Host Online Seminar Showcasing the Value of External Benchmarking

NORWALK, Conn. – June 6, 2006 – Cartesis, the world leading specialist in finance and performance management software, today announced preliminary results of a survey that shows 84 percent of medium-to-large-sized companies understand the importance of benchmarking firm financial performance against that of their competitors, yet only 31 percent are able to do so, often using an expensive and time consuming cacophony of consultants, Excel or custom technology solutions.

Cartesis, along with EDGAR® Online will host an Online seminar (http://www.cartesis.com/cartesis10_webcast) at 11 a.m. U.S. Eastern Time on June 14 to present select preliminary survey findings and discuss how organizations can effectively chart performance against any publicly held organization. Speakers include Sue Bratone Childs, SVP of Marketing and Business Development at EDGAR Online; Crispin Read, CMO at Cartesis and Trevor Walker, VP of Product Marketing at Cartesis.

“Our preliminary survey results show that 53 percent of respondents want to benchmark against peers, but are not at this time,” says Crispin Read, CMO at Cartesis. “Those doing external benchmarking are taking non-persistent, disharmonious approaches. Best practices tells us that external financial data should be fed into a single, integrated data model that can be shared by finance, planning and analytic applications. When done correctly, the data can be used not only for direct peer-group comparison, but also to drive performance metrics throughout the enterprise. The external benchmarking process can be automated to drive operational performance based on outwardly facing metrics.”

Much of the Online seminar conversation will revolve around Cartesis’ new performance management suite – Cartesis 10, the first performance management suite to integrate internal and external financial data for publication, benchmarking and M&A planning. Through a unique new partnership with EDGAR Online, Cartesis customers can now pull external financial data into a single integrated BPM suite to measure against and run what-if scenarios, as well as plan, budget and forecast.

Preliminary survey results are from a Cartesis sponsored “Fast Close” BPM Magazine survey that explores the performance management needs of finance and business users. Complete survey description and results are expected early July 2006. Currently, there have been 115 responses, mainly from finance and senior level executives.

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.

EDGAR Online's I-Metrix service 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. The I-Metrix suite of products provides a unique source of SEC-filed corporate financial information in the interactive eXtensible Business Reporting Language (XBRL) format. In addition to the XBRL-formatted data, I-Metrix Professional includes a proprietary add-in for Microsoft Excel that enables clients to access company fundamental data directly from within spreadsheets. EDGAR Pro gives users access to company and industry information extracted from public company filings as well as advanced tools for in-depth analysis through an innovative Web interface.

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.

For more information, please visit www.cartesis.com or call:

Jonathan Stotts
203-956-2186
jstotts@cartesis.com

For further press information please contact:

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

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