IntraLinks

Last updated
Intralinks
Privately held company [1]
Industry Financial Technology, Virtual Data Room
Founded1996 (1996) in New York City
Key people
Leif O’Leary, CEO [2]
ProductsIntralinks, Intralinks Dealnexus, Intralinks VIA
Number of employees
1000 (2016)
Parent SS&C Technologies [3]
Website intralinks.com

Intralinks Holdings, Inc., founded in 1996, is a global technology provider of inter-enterprise content management and collaboration solutions. Its products serve the enterprise collaboration and strategic transaction markets, enabling the exchange, control, and management of information between organizations. [4]

Contents

History

In 1996, John Muldoon and Mark Adams founded Intralinks. Major banks began using its product for loan syndication in 1997. In 2002, the firm created the world’s first virtual data room (VDR), enabling businesses to share information during the due diligence process in a secure space. In 2004, companies completed over $5 trillion in syndicated loan transactions with its products. Intralinks was acquired by TA Associates in 2007, and became a publicly traded company on the New York Stock Exchange in 2010. In 2011, Ron Hovsepian, previously CEO of Novell, Inc. joined Intralinks as Chief Executive Officer, President and Director. [5] Under his leadership, Intralinks developed Intralinks VIA and Intralinks DealNexus. [6]

A virtual data room is an online repository of information that is used for the storing and distribution of documents. In many cases, a virtual data room is used to facilitate the due diligence process during an M&A transaction, loan syndication, or private equity and venture capital transactions. This due diligence process has traditionally used a physical data room to accomplish the disclosure of documents. For reasons of cost, efficiency and security, virtual data rooms have widely replaced the more traditional physical data room.

New York Stock Exchange American stock exchange

The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.

Novell American multinational software and services company (1979-2014)

Novell, Inc. was a software and services company headquartered in Provo, Utah. Its most significant product was the multi-platform network operating system known as Novell NetWare, which became the dominant form of personal computer networking during the second half of the 1980s and first half of the 1990s. Novell technology contributed to the emergence of local area networks, which displaced the dominant mainframe computing model and changed computing worldwide. Novell became instrumental in making Utah Valley a focus for technology and software development.

Intralinks claims that more than 2.7 million professionals at 988 of the Fortune 1000 companies use its products. [7]

Initial Public Offering

The company's initial public offering of stock on the NYSE occurred on August 6, 2010. Its initial price range was $14–$16, and the stock priced at $13. The company sold 11,000,000 shares and raised $143M. [8] The lead underwriter were Deutsche Bank AG and Credit Suisse Group. The firm had approximately $152M in debt at the time of the IPO and expected to use the vast majority of the returns from the offering to repay its obligations.

Initial public offering (IPO) or stock market launch is a type of public offering in which shares of a company are sold to institutional investors and usually also retail (individual) investors; an IPO is underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. Initial public offerings can be used: to raise new equity capital for the company concerned; to monetize the investments of private shareholders such as company founders or private equity investors; and to enable easy trading of existing holdings or future capital raising by becoming publicly traded.

Deutsche Bank German banking and financial services company

Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany.

Credit Suisse Swiss multinational banking institution

Credit Suisse Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the eight global "Bulge Bracket" banks providing services in investment banking, private banking, asset management, and shared services. Credit Suisse is known for its strict bank–client confidentiality and banking secrecy practices.

The company has 1,000 employees worldwide and its global headquarters are in New York City. In 2013 Intralinks launched morethanavdr.com, a website that specifically targets investment bank strategic advisors, legal advisors and corporate advisors.

New York City Largest city in the United States

The City of New York, usually called either New York City (NYC) or simply New York (NY), is the most populous city in the United States. With an estimated 2018 population of 8,398,748 distributed over a land area of about 302.6 square miles (784 km2), New York is also the most densely populated major city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, the largest metropolitan area in the world by urban landmass and one of the world's most populous megacities, with an estimated 19,979,477 people in its 2018 Metropolitan Statistical Area and 22,679,948 residents in its Combined Statistical Area. A global power city, New York City has been described as the cultural, financial, and media capital of the world, and exerts a significant impact upon commerce, entertainment, research, technology, education, politics, tourism, art, fashion, and sports. The city's fast pace has inspired the term New York minute. Home to the headquarters of the United Nations, New York is an important center for international diplomacy.

Recent Developments

docTrackr

On April 23, 2014, Intralinks acquired docTrackr, [9] a document security company. docTrackr’s information rights management (IRM) technology enables users to protect and track PDF, Word, Excel and PowerPoint documents wherever those files are stored or shared. docTrackr combines analytics, audit trails and policy management of all document activities in a plug-in free deployment.

Released in April 2013, Intralinks VIA enables users to share information outside of the network firewall. [10] VIA encrypts every file shared within the platform and allows users to designate permissions. With the proper permission, users can download documents and collaborate freely together. VIA also includes an UNshare® feature allowing admins to withdraw information at any time, with an encryption that corrupts the files (and any copies) sent or saved. [11] In January 2014, Intralinks announced a new version [12] of its Intralinks VIA product, Intralinks VIA Enterprise, which supports complete content lifecycle management for the extended enterprise. It also has Intralinks Dealspace. [13]

Dealnexus

In 2013, Intralinks acquired PE-Nexus and MergerID. Each of these offered clients a platform to find partners for mergers and acquisitions. Intralinks merged the two firms and renamed the newly created platform DealNexus, the largest global deal sourcing network. [14] DealNexus’ client portfolio offers businesses a network to find partners. Once engaging in a deal, the Intralinks VDR allows parties to conduct due diligence.

Synchronoss

In 2016, Synchronoss Technologies agreed to acquire Intralinks Holdings, Inc. for $13.00 per share, or $821 million in equity value. [15] Intralinks was subsequently sold by Synchronoss to affiliates of Siris Capital Group in 2017. [16] In November 2018, SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) purchased Intralinks for $1 billion in cash and $500 million in SSNC shares. [17] [18] [19]

Headquarters

Intralinks maintains its corporate headquarters on the east side of Manhattan in New York City. Other offices include: Boston, Chicago, San Francisco, São Paulo, London, Bucharest, Milan, Frankfurt, Hong Kong and Sydney. [20] [21]

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References

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  2. "Company Overview of Intralinks Holdings, Inc". Bloomberg.com. Bloomberg L.P. Retrieved 15 August 2018.
  3. Visconti, Ambrogio (28 September 2018). "SS&C Technologies Holdings' $1.5 billion acquisition of Intralinks Holdings, Inc". Global Legal Chronicle. Global Legal Chronicle. Retrieved 28 September 2018.
  4. New York Times, Business Day http://topics.nytimes.com/top/news/business/companies/intralinks-holdings-inc/
  5. "Ronald W. Hovsepian: Executive Profile & Biography". Bloomberg.com. Bloomberg LP. Retrieved 28 September 2018.
  6. Kepes, Ben. "IntraLinks Steps Up To The Plate - Because The World Needs Another File Sharing Offering, Right?". Forbes.com. Forbes. Retrieved 10 January 2014.
  7. Kepes, Ben. "IntraLinks Steps Up To The Plate - Because The World Needs Another File Sharing Offering, Right?". Forbes.com. Forbes. Retrieved 10 January 2014.
  8. "INTRALINKS HOLDINGS, INC. (IL) IPO". Nasdaq.com. Nasdaq. Retrieved 28 September 2018.
  9. Wall St. Journal - Intralinks Beats Out Box to Acquire docTrackr https://blogs.wsj.com/digits/2014/04/24/intralinks-beats-out-box-to-acquire-doctrackr/
  10. Stirling, James (1 March 2013). "Dropbox rival Intralinks launches enterprise collaboration platform". CloudPro. Dennis Publishing Editorial Offices. Retrieved 28 September 2018.
  11. Business2Community - Intralinks VIA Review http://www.business2community.com/mobile-apps/intralinks-via-review-share-large-files-securely-0619240
  12. "Intralinks Steps Up To The Plate - Because The World Needs Another File Sharing Offering, Right?". Forbes. 10 January 2014.
  13. "Does SharePoint measure up for Enterprise Content Management?". IDM magazine. Transmit Media. June 20, 2013. Retrieved 28 September 2018.
  14. CrunchBase - Intralinks DealNexus http://www.crunchbase.com/company/intralinks-dealnexus
  15. Linnane, Ciara (6 December 2016). "Synchronoss Tech to acquire Intralinks in $821 million deal". MarketWatch. MarketWatch, Inc. Retrieved 28 September 2018.
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  19. Dorbian, Iris (19 November 2018). "Siris sells Intralinks to SS&C for $1.5 bln". The PE Hub Network. Retrieved 2 December 2018.
  20. "Intralinks SEC Form S-1". SEC.gov. United States Securities and Exchange Commission. Retrieved 28 September 2018.
  21. Intralinks Locations http://www.intralinks.com/contact/locations