I’m pleased to announce that we have closed our latest round of funding, bringing the total raised to $3M (CDN) since the fall of 2006. Investors include a mix of institutional funders and angels.  You can access the full press release on our web site:
Q4 Web Systems Closes $1.2M in Funding for Web Disclosure
Here are a couple of my quotes from the release:

I’m very pleased to close this latest round of funding in this current market climate. We continue to receive validation for our business model from the addition of new …

Darrell and I had an interesting conversation with a securities regulator the other day regarding where legislation is headed as fallout to the financial crisis. (This is a topic of great interest to us and at times I find myself providing armchair observations.) Read a summary of the conversation:
Recommend on Facebook Share on Linkedin Tweet about it Subscribe to the comments on this post

Earlier today the SEC Chairmen, Christopher Cox unveiled the successor to the form based EDGAR database.   The new system is called IDEA (Interactive Data Electronic Applications) and will be built on an XBRL based platform that will give investors access to faster and more detailed financial information than ever before.
IDEA is the latest in a string of significant announcements that have come out of the SEC including, XBRL mandate and the guidance on web disclosure and RegFD. There have already been a number of posts regarding this announcement and it …

Although we are not a proxy for the entire market it is interesting that since the SEC guidance on web disclosure we have seen a noticeable increase in clients looking to enable RSS feeds for their corporate web sites along with increasing the prominence of their email alerts. I’m really pleased to see this happening so close to the announcement and I think it is an early indication of the changes the SEC intended when it released the guidance. 
It is obvious that it is going to take some time for …

If you’ve had a chance to go through the 47 page guidance and specifically the section regarding “dissemination” of information and what “public” means in the context of RegFD and the corporate web site you’ve likely been left scratching your head thinking “ok, so now what?”The issue of what constitutes public information is one of the grey areas of the latest guidance. The purpose of this post is to try and provide some additional color to the guidance and help you understand what it is going to take in order …

Yesterday I had the pleasure of meeting with John Hughes from Deloitte. John shared some recent findings regarding “Fundamental Investors” that I thought were quite interesting. John said:
All companies make a choice (consciously or unconsciously) in deciding how they will present themselves to the market. The quality of the information provided to the market is a factor that contributes to increasing valuations and lowering cost of capital. This “premium” is not something a company can obtain for itself over night, but even incremental market gains from a long-term investment in …