The United States Securities and Exchange Commission (SEC) has contracted Keane Federal Systems to manage, maintain, upgrade and eventually replace its aging Electronic Data Gathering, Analysis and Retrieval (EDGAR) system, the mechanism currently employed by firms to submit financial filings and to provide such information to investors, FCW.com reports.Keane Federal Systems is a subsidiary of IT services and business process solutions firm Keane, and it was awarded a contract worth as much as $48 million over six years, according to FCW.com. The contract includes a three-year term and three one-year renewal options, FCW.com reports.SEC Chairman Christopher Cox also said the agency had awarded more contracts as part of the EDGAR upgrade, according FCW.com. XBRL US was also given $5.5 million to establish the “taxonomy” for the system, or the hierarchy under which information is categorically filed, and it expects the task to be finished within a year, FCW.com reports. Both Rivet Software and Wall Street on Demand, two developers of software, were also contracted for a total of $500,000 worth of work to build new, interactive tools for use by investors while visiting the SEC’s website, according to FCW.com.Under Keane’s contract, the firm will transform the SEC’s current form-based electronic filing system into a dynamic, digital data system with real-time search functionality, the SEC said, FCW.com reports. Notable Keane technology partners include Akamai Technologies, BearingPoint, EMC, Microsoft, Rivet Software and Vistronix, according to FCW.com.The SEC expects the new filing and analysis system to be available for use sometime in 2007, FCW.com reports. “Keane’s proven record of developing effective technology solutions in the public and private sectors, its strong credentials in information systems management, and its considerable insight into the future needs of the investing public make it a perfect partner to work with the SEC to usher in a new era of increased capital market productivity and efficiency,” Chairman Cox said, according to FCW.com.Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content opinion Website spoofing: risks, threats, and mitigation strategies for CIOs In this article, we take a look at how CIOs can tackle website spoofing attacks and the best ways to prevent them. By Yash Mehta Dec 01, 2023 5 mins CIO Cyberattacks Security brandpost Sponsored by Catchpoint Systems Inc. Gain full visibility across the Internet Stack with IPM (Internet Performance Monitoring) Today’s IT systems have more points of failure than ever before. Internet Performance Monitoring provides visibility over external networks and services to mitigate outages. By Neal Weinberg Dec 01, 2023 3 mins IT Operations brandpost Sponsored by Zscaler How customers can save money during periods of economic uncertainty Now is the time to overcome the challenges of perimeter-based architectures and reduce costs with zero trust. By Zscaler Dec 01, 2023 4 mins Security feature LexisNexis rises to the generative AI challenge With generative AI, the legal information services giant faces its most formidable disruptor yet. That’s why CTO Jeff Reihl is embracing and enhancing the technology swiftly to keep in front of the competition. By Paula Rooney Dec 01, 2023 6 mins Generative AI Digital Transformation Cloud Computing Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe