3 Reasons Why Webfilings Is the Fastest Growing Company in the SEC Reporting Market

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October 4, 2010

It has been an unprecedented year of growth for WebFilings. Since we launched our category-defining end-to-end External Reporting Solution in March, our company has experienced tremendous customer growth. Today I am pleased to announce that WebFilings has closed a fully-subscribed $12.5 million Series B private placement of equity securities to new and existing investors.

That brings WebFilings total funding from all sources to-date to $24 million. In fact, this round of financing was so successful it was oversubscribed—a testament by our investors that WebFilings is bringing real value to our customers.

What's the secret to our success?

  • We have the best of breed solution for SEC reporting. Wdesk integrates word processing and spreadsheet functionality, EDGAR HTML conversion and XBRL mapping and tagging into a single, fully-integrated, end-to-end solution, that helps financial reporting teams meet reporting requirements for a range of regulatory filings.
  • We have the right talent and resources in place to continue to expand in the SEC reporting market. Our employees are dedicated to providing outstanding value to our customers from the solutions we deliver to our excellent customer service
  • We have strong backing from our investors and partners who have full confidence in our leadership and our company's mission, vision and values.

Our success is no secret. We've built a revolutionary product for the financial reporting industry and hired the best employees. Our investors see what our customers and employees already know which has made WebFilings the fastest-growing company in the market.

Matt Rizai

About the author

Matt Rizai is the Chairman and Chief Executive Officer at Workiva. He is the former Chairman and CEO at Engineering Animation, Inc.