IntraLinks
Explore IntraLinks through the years
The workspace is virtual. The trust is real.
1996
IntraLinks Is Founded
IntraLinks Streamlines Secure Document Exchange
How do you win the trust of Wall Street's top banks? By being a top Wall Street banker. And that's exactly what Arthur Sculley is: a former JP Morgan investment banker, a principal in Sculley Brothers LLC and a primary investor in IntraLinks. Mr. Sculley's 25 years of industry experience give him the skills and knowledge to spot opportunities. Together with co-founders, John Muldoon and Mark Adams, Mr. Sculley spots a pioneering innovation that allows companies to share sensitive information and documents safely and securely online -- anywhere, anytime. Mr. Sculley notes that IntraLinks is using "enabling technologies to solve a business problem." IntraLinks is out to change the way financial documents are created and distributed among issuers, investment banks and institutional investors.
Reference: Breaking the sneakernet. (1996, December 1) Wall Street & Technology.
1997
From Paper to Paperless
IntraLinks Eliminates Inefficiencies in Loan Syndication
The traditional "paper and parcel" method of document transfer in the loan syndication market relies heavily on file boxes, couriers, faxes, mail trucks and three-ring binders. It's time for a change. "We want to spend more time talking about the content of the memorandum than 'Did you get it?'" says Mary Watkins, managing director of JP Morgan. Enter IntraLinks. Through IntraLinks workspaces -- a secure online environment -- financial documents are created and distributed among the issuer, investment banks and institutional investors quickly, accurately and securely.
Reference:
Morgan pioneers syndicated loans on the Internet. (1997, July 21) Investment Dealers' Digest.
1997
JP Morgan's Syndication Desk Moves Online
JP Morgan Employs IntraLinks' Pioneering Technology
Three years ago, facilitating a loan on anything other than paper would have been an unthinkable idea. Times have changed. Businesses are finding more and more uses for the Internet every day. And IntraLinks' facilitation of JP Morgan's loans to Bethlehem Steel and General Reinsurance are excellent examples of a new alternative to the traditional bank loan syndication process. IntraLinks online workspaces help JP Morgan eliminate burdensome manual document transfers. And lengthy information memorandums no longer have to be distributed to long lists of potential investors. Now a single information memorandum is posted on the secure IntraLinks site, allowing authorized individuals to quickly access the information via the Internet.
1997
Largest Syndication to Date on Internet
Compaq's $4 Billion Line of Credit Is Largest Online
Bank of America becomes the second major investment bank to use IntraLinks' services. And Bank of America's $4 billion loan syndication for Compaq Computer Corporation is the largest loan syndication managed over the Internet to date. Thirty-five existing Compaq lenders and several others were invited to participate in the deal. "Electronic distribution is an important option for our clients," says Evan Zebooker, a Bank of America Securities vice president. "It...provides an ease of use and speed comparable to, and in some ways better than, the traditional way of distributing and providing information in syndication transactions."
Reference:
B of A syndicates $4B loan for Compaq over the Internet. (1997, September 8) American Banker.
1997
Delivering for Citicorp Amid UPS Strike
Turning Obstacles into Opportunities
Citicorp Securities stands at a critical moment in a loan syndication deal. Papers have to reach the attorneys right away. The problem? United Parcel Service, Citicorp's usual means of document transfer, goes on strike. IntraLinks provides the solution, delivering the necessary documents to lawyers quickly and securely via its secure online service. "It was certainly the most efficient thing to do," says William Hartmann, head of global loan distribution at Citicorp.
Reference: Will the Net Give Couriers a Run for Their Money? (1997, October 6) Financial Net News
1997
World's First 100% Online Loan Syndication
BankAmerica First to Bank on Internet Loan Syndication
For the first time, a loan syndication is conducted without a simultaneous paper-based process, and BankAmerica and IntraLinks are leading the way. The business world now endorses the Internet as a safe and reliable way to distribute sensitive information. That's good news for Bank America as they work to eliminate the inefficiencies of paper transactions. "All the documentation is being delivered to and returned by interested banks by a secure Internet service," said a BankAmerica official. IntraLinks developed its service in collaboration with key clients such as BankAmerica and other banks, including JP Morgan. "The IntraLinks service offers a proprietary system for safe and secure password-driven Internet process for confidential documents," said the official. IntraLinks' workspaces are not only robust but also highly secure -- which is why BankAmerica and others trust IntraLinks with their most sensitive documents.
Reference:
BankAmerica has first Net syndicated loan. (1997, November 1) Funds International.
1997
IBM Showcases IntraLinks at COMDEX
IBM Exhibits IntraLinks as the e-Business Future
The Internet is fundamentally reshaping business. And IBM showcases IntraLinks as a leader in that change at COMDEX, the computer industry's largest U.S. tradeshow. "IntraLinks has created a financial e-business solution that dramatically reduces printing and distribution costs," says Chand Patel, vice president of network services offering management, IBM Global Services. IBM lauds IntraLinks as a company that helps companies realize the benefits of e-business by bringing complex transactions to market faster and at a reduced cost. The exhibit features IntraLinks and other innovators who use the Internet to transform business. Steve Sayre, Lotus Development Corp.'s senior vice president of marketing, agrees. "IntraLinks is a prime example of how e-business provides not only companies but entire industries with comprehensive solutions," Sayre says. "The marketplace is only beginning to realize the broad possibilities of applying IntraLinks."
1998
IntraLinks Expands Services
IntraLinks Broadens Service Offering
IntraLinks deepens its commitment to the financial services industry with new services that help companies manage finances throughout the lifecycle of a loan and beyond. Banks begin to use IntraLinks during the agency, or servicing, phase following primary syndications. They also utilize IntraLinks to help players in the private placement and asset-backed securities markets to exchange, modify and post real-time documents relating to their transactions. By extending its capabilities, IntraLinks aims to simplify document management, cut down on courier costs and enable sales desks to know who looked at which documents, and when. That way, follow-up is seamless, efficient and precise.
1998
High Tech Soars
Tech Optimism Fuels Growth
Jobs are being created. Consumer confidence is high. Companies are reaping profits. The computer, software and communications industries are growing at a pace far exceeding that of the rest of the economy. "Information technology has doubtless enhanced the stability of business operations," says Federal Reserve Chairman Alan Greenspan. But it's not just the computer that's fueling such growth -- it's how the computer is being used. The Internet now connects people across the country and around the world, which means new opportunities to streamline old-fashioned, paper-intensive business processes. The perfect climate for IntraLinks.
Reference:
The New Business Cycle. (1997, March 31) BusinessWeek.
1998
IntraLinks Establishes London Office
IntraLinks Sets Up European Hub
As part of a push into Europe, IntraLinks opens its first office overseas to bring new efficiencies abroad, and help companies to interact on a global level. JP Morgan and Bank of America already use IntraLinks for European transactions, and Citibank is using the system to put together the first deal for a UK corporation.
1999
IntraLinks Establishes Boston Office
New Acquisition, New Office, New Opportunity
IntraLinks establishes a Boston office by acquiring Cambridge Technology Vision (CTV), a collaborative technology development company focused on the M&A market. By combining CTV's complementary technology and service with its own, IntraLinks increases its offerings and solutions to both existing and new clients. Thomas Fredell, co-founder and president of CTV, also joins IntraLinks as the company's chief technology officer. A noted expert and author of numerous articles on Internet technology, Mr. Fredell possesses knowledge, experience and skills to fortify IntraLinks' in-depth offerings. With CTV and Mr. Fredell in the fold, IntraLinks strengthens its ability to deliver swift and efficient solutions.
1999
IntraLinks Earns SAS 70 Type II
Ensuring Data Security, Reliability and Integrity
IntraLinks serves as an extension to many financial service and banking industry operations. To ensure data security -- as well as regulatory compliance -- rigorous controls are necessary. The SAS 70 Type II certification, an intensive six-month-long independent audit, attests to the effectiveness of a company's internal security controls. IntraLinks annually commissions an outside auditor to perform the SAS 70 Type II certification. In an industry that demands stringent data security, IntraLinks' solutions surpass even the toughest standards.
1999
Common Ground for Competitors
IntraLinks Brings Companies and Processes Together
IntraLinks works with the top 20 investment banks in the U.S. and many times these banks work together to co-arrange deals. IntraLinks' neutrality is proving to be a valuable asset. In the past, many banks have attempted to create similar, IntraLinks-like services in-house, but abandoned their efforts when competitors were unwilling to post confidential information on a rival's site. As a neutral third party, IntraLinks enables industry rivals to come together, cooperate and coordinate their efforts.
2000
IntraLinks Named to the Fast 50
An Award for Excellence and Explosive Growth
Deloitte & Touche selects 50 of the fastest growing technology companies in the New York City, Westchester and Rockland County region and IntraLinks is added to the ranks. "To attain a listing on the Fast 50 is no easy feat," says Noel Spiegel, Deloitte & Touche partner-in-charge. To make the list, a company must excel in the technology products and service sector.
2000
AstraZeneca is First Pharma on IntraLinks
AstraZeneca First to Streamline Clinical Drug Trials
IntraLinks first foray outside financial services proves to be a perfect remedy for AstraZeneca -- the very first pharma to leverage online workspaces to expedite such processes such as global drug discovery, development and licensing activities. R.W. Johnson PRI quickly followed suit. The life sciences industry has a lot in common with the financial services industry: the need to exchange high volumes of valuable information securely in a highly regulated environment. "These trials take years, and every day we save can result in therapeutic alternatives for patients," says Ron Krall, MD, senior vice president, clinical development and medical affairs for AstraZeneca. Every day saved is also a savings in cost. As reported in R&D Directions Magazine, pharmaceutical companies stand to lose $1 million in revenue per day due to delays in the drug trial process.
2000
IntraLinks Serves 24 of Top 25 Lending Banks
IntraLinks Becomes the Standard, Serving 24 of Top 25 Lending Banks
More and more financial services companies are recognizing inefficiencies in paper-intensive transactions. After four years, IntraLinks has become a trusted name in the business, and its service is becoming the standard operating procedure. SunTrust, after signing a long-term subscription agreement, has joined JP Morgan, Chase, Citigroup, Bank of America and 19 others using IntraLinks for secure, efficient, fast syndicated loan document transfer.
2001
Growth After the Glory Days
Era Ends for Wall Street, Growth Continues for IntraLinks
In the post-meltdown Internet, jobs are being cut, stocks are hitting new lows and investors are in the red. "There is no question [that] the whole mind-set of businesses and investors has changed. An era has ended," says John H. Freeman, a professor at the Haas School of Business at the University of California at Berkeley. But the turmoil of a topsy-turvy economy hasn't slowed IntraLinks. The company is still thriving with many new clients who are looking to increase efficiencies.
Reference:
The Last Days of Net Mania. (2001, April 16) BusinessWeek.
2001
IntraLinks: New and Improved
A Faster, Friendlier Version Is Launched
John Sculley, a partner in Sculley Brothers LLC and former CEO of Apple and PepsiCo, succinctly characterizes the current economic landscape. "We are not in an 'old' or 'new' economy," Mr. Sculley says, "but rather a 'knowledge productivity' economy." Understanding this, IntraLinks launches its new, more reliable, more functional, more user-friendly interface and systems architecture. Clients can now initiate and manage projects faster and better. Banking, insurance, legal, pharmaceutical and professional service sector businesses in 92 countries around the world depend on IntraLinks.
2001
IntraLinks Offers Help After 9/11
IntraLinks Assists Companies Displaced by 9/11
In the aftermath of the World Trade Center attacks, offices and airports are closed but deals are still pending. Overnight delivery services like FedEx -- key movers of important documents -- slow to a crawl. "Even as of day two, clients wanted to know where their deal was," says Bill Perry, the Internet webmaster at investment bank Houlihan, Lokey, Howard & Zukin. "We had to react almost immediately."
"All of our financial services clients were impacted in some way." says Andrew Damico, general manager for financial services at IntraLinks. IntraLinks makes complimentary digital workspaces available for companies displaced or suffering losses to their communications network due to this great tragedy. With two fully redundant, geographically dispersed data centers, IntraLinks remains functioning during the crisis helping clients continue business activities.
Reference: Keeping business going. (2001, December 1) Financial Executive.
2002
Patrick Wack Named CEO
A New Leader with the Experience to Excel
IntraLinks names Patrick J. Wack Jr. president and CEO. As interim CEO for the previous six months, Mr. Wack excelled. "Despite the sluggish economy, Patrick has led IntraLinks to strong results," says Milton J. Pappas, chairman of the IntraLinks board of directors. "They're doing very well in terms of business," says Jared Spataro, an analyst with The Gilbane Report, "while other companies in the segment are floundering." Mr. Wack says, "I am delighted to have the opportunity to lead IntraLinks into its next phase of growth and development."
2002
IntraLinks Enters M&A Market
Novartis Is One of the First to Move Due Diligence Online
IntraLinks creates the word's first virtual dealroom to support the M&A due diligence process. And Novartis, a world leader in healthcare, is among the first to take advantage of the IntraLinks service in the divestment of their food & beverage business (including the brand Ovaltine) to Associated British Foods. "By moving the due diligence process online with IntraLinks," says Greg Nulty of Group Business Planning & Analysis at Novartis, "we were able to greatly enhance collaboration among the various groups and complete the due diligence faster." IntraLinks brings prospective buyers together to access and review information simultaneously, rather than one by one. The result? Deal timelines have shrunk by an average of one month.
2002
IntraLinks Helps Clients Meet New Standard
Sarbanes-Oxley Passes, IntraLinks Keeps Deals Flowing
In the wake of the Enron, World Com and Tyco scandals, the U.S. Congress passes Sarbanes-Oxley, requiring companies to comply with a new list of accounting standards. IntraLinks workspaces are helping companies work through these laws. The passing of the Sarbanes-Oxley Act means more people and departments are involved in even more due diligence on every deal. IntraLinks' online workspaces mean swift, seamless and more thorough due diligence -- without slowing the deal down.
2002
Thriving in Tough Times
Surviving the dot.com Bust
Failed businesses littered the landscape after the dot.com bubble bursts. IntraLinks is not only surviving, but thriving. The secret? "Our service holds real, tangible value for companies," says Patrick Wack, president and CEO of IntraLinks "It's not technology for technology's sake." Jared Spataro, an analyst with The Gilbane Report adds, "IntraLinks built a solution around a problem." IntraLinks is witnessing a 40% growth in revenue this year alone. And as analysts note, the future is promising for IntraLinks.
Reference:
Moving beyond the tech market. (2002, November 25) Crain's.
2002
Rocketing up the Ranks
NYC's Third Fastest-Growing Tech Company
IntraLinks is named the third-fastest-growing technology company in the New York City, Westchester and Rockland Counties region in Deloitte & Touche's Fast 50 Program. It also grabs the 29th spot on Deloitte & Touche's North American Technology Fast 500 list. Larry Wizel, managing partner of the New York Technology Fast 50 Program says, "We at Deloitte & Touche applaud IntraLinks for having the vision to develop technologies that change the way we work."
2003
Accolades Continue, 70th on Inc. 500
Fast 50 for Five Consecutive Years, 70th on Inc. 500
IntraLinks once again makes the ranks on Deloitte & Touche's Technology Fast 50 list at number six. The honors continue as IntraLinks is ranked 70th on the Inc. 500 list as well. Larry Wizel, Deloitte & Touche partner and chair of the 2003 New York Technology Fast 50, says, "We applaud IntraLinks for its tremendous accomplishments during an economically challenging time and for being one of the elite." IntraLinks continues to exhibit its ability to excel on a national level.
2003
IntraLinks Enters Asia Pacific Market
Partnership Brings IntraLinks to Asia Pacific
IntraLinks broadens its worldwide reach by partnering with Australian-based Sage Point Pty Ltd. Sage Point offers IntraLinks' proven solution for managing the complex flow of business transaction information. "IntraLinks' world-class solution to managing document-intensive processes is unique," says Ken Goldberg, Sage Point managing director. "I am confident that Sage Point's clients will benefit from working with such an experienced and professional organization." The mission of this new strategic partnership is to expand IntraLinks' global presence by bringing solutions to a new region.
2003
Recovery Sparks M&A Dealmaking
M&A Market Rebounds, Online Workspaces Rise by 50%
With the economy producing more rain, dealmakers are cultivating more fertile ground, especially in the M&A market. That news, combined with job cuts and fear of flying due to the SARS outbreak, means good news for IntraLinks' M&A offering. IntraLinks' services help companies work without interruption even in the face of unanticipated and potentially disruptive events. Andrew Damico, general manager of financial services at IntraLinks says, "We are talking to a number of potential clients who are considering using our services because of the impact of SARS."
Reference:
Online data rooms see boom in users. (2003, June 22) Financial News.
2003
Alcoa Earns Honor Using IntraLinks
Alcoa Named to Web Smart 50 Using IntraLinks Technology
When Alcoa needed to sell a group of underperforming assets, it turns to IntraLinks for help. Together, Alcoa and IntraLinks establish a series of virtual dealrooms that give a variety of interested buyers the ability to pore over balance sheets and P&Ls simultaneously. Alcoa's payoff: It sells three businesses via the web and expects to save $200,000 in travel, hotel and meetings expenses. Added bonus: Alcoa is named to BusinessWeek's Web Smart 50 list for its innovative use of technology.
2004
Forging New Partnerships
IntraLinks Teams with RR Donnelley, INC Research and the NVCA
IntraLinks attracts three established and respected industry leaders, forming strategic alliances to enhance services. RR Donnelley, FORTUNE(R)-recognized as the most-admired company in the financial printing industry is helping IntraLinks reach out to new customers. INC Research, specializing in pharmaceutical clinical research, and the National Venture Capital Association, the industry organization for the venture capital community in the U.S., are also unique partnerships that play a role in IntraLinks' foray into new markets.
2004
IntraLinks Hits $5 Trillion Milestone
IntraLinks Facilitates $5 Trillion in Syndicated Loans to Date
IntraLinks reaches a major milestone: It has facilitated $5 trillion in syndicated loan transactions since 1997. "Today, this trillion-dollar market is entrusted to the web via IntraLinks," says Patrick Wack, president and CEO of IntraLinks. "It is a testament not just to the latest advances in technology, but to IntraLinks' commitment to the timeless value of customer service." The majority of all U.S. loan syndications are performed through IntraLinks.
2004
Revenue Jumps 30%
Stellar Year, Stellar Growth
IntraLinks' revenues climb 30% in 2003, reaching a record $25.4 million. The company's rapid expansion in key markets such as M&A and life sciences account for part of its remarkable growth. "Our impressive growth and contract renewal rates are a measure of the trust we've established in the financial and life sciences market," says Patrick Wack, president and CEO of IntraLinks. Superior service alongside essential technology keeps IntraLinks competitive. "We will continue to exceed our clients' expectations," says Mr. Wack.
2005
JP Morgan Chase Standardizes on IntraLinks
IntraLinks is Firm's Preferred Virtual Dealroom Provider
After relying on IntraLinks for secure exchange of confidential information for nearly 10 years, JP Morgan Chase names IntraLinks its preferred provider for all M&A advisory transactions. "JPMorgan saw IntraLinks' promise when it signed on as our first client," says Fred Mather, IntraLinks senior vice president. "IntraLinks meets JPMorgan's needs in terms of technology, experience and customer service." A decade of innovation has made IntraLinks the most reliable and secure platform in the industry. Marlin & Associates, a New York and Washington, D.C. investment banking firm, and SunTrust Robinson Humphrey, a division of SunTrust Capital, agree. They've also selected IntraLinks as their preferred virtual dealroom provider.
2005
Anthony Plesner Named CFO
A Seasoned Hand Takes the Financial Reins
IntraLinks proudly names Anthony Plesner as its new CFO. "We're excited to have Mr. Plesner join the company," says Patrick Wack, president and CEO of IntraLinks. "His direct experience leading technology companies through growth cycles will make him a valuable asset to the company's management team." Mr. Plesner has over 20 years of financial management experience. Most recently, he served in executive positions at some of the world's leading technology and media companies such as 24/7 Real Media, Inc. and Reuters Corporation. His skills, knowledge and experience are a welcome addition to IntraLinks.
2005
New Look for IntraLinks
Image Update Reflects IntraLinks' Market Position
No longer an upstart, IntraLinks has become the leader in moving document-intensive business processes online. And as a result, the company is fine-tuning its public image. The goal? Create a corporate identity that reflects IntraLinks' status as a more mature established company, and underscores the driven, dedicated attitude of its employees and the technological sophistication of its product. The new tagline "The workspace is virtual. The trust is real." reinforces IntraLinks position as a reliable, dependable resource trusted by businesses worldwide.
2005
M&A Market Heats Up
Big Deals in M&A Are on the Horizon
M&A activity hits $1 trillion, up from $824 billion in 2004, according to Thomson Financial. Simultaneously, private equity firms are growing in wealth, armed with more purchasing power than ever before. All indications point to increased activity for IntraLinks, now handling an ever-growing majority of online M&A transactions. In a poll of M&A practitioners, IntraLinks was rated the "best provider" of virtual dealroom technology to the M&A industry.
Reference:
2005 Tasnady Poll
2006
IntraLinks Acts Globally, Thinks Locally
Alliances Strengthen IntraLinks' Presence Around the World
IntraLinks' partnership with Japan's iSi-Dentsu, a global IT consulting and systems integration firm, is the largest of IntraLinks' foreign alliances. iSi-Dentsu recognized a need for IntraLinks' services in Japan and is now bringing a local-language version of the service to market. Intellecta in Sweden, Ince in South Africa and Planet Associados in South America are also partners with IntraLinks. Now more companies in these regions will experience a major shift in the way they manage complex, document-intensive business processes. These new alliances also demonstrate how IntraLinks can work on a local level. Chris Thomas, executive vice president of business development for IntraLinks says, "IntraLinks has always recognized the importance of local knowledge in international business."
Financial Triple-Play for IntraLinks
Three Renowned Investment Companies Partner with IntraLinks
William Blair & Company, LLC Goldsmith Agio Helms and Giuliani Capital Partners choose IntraLinks as their preferred provider for virtual dealrooms to enhance service to their clients and support M&A advisory engagements. IntraLinks' online workspaces will serve as their standard platform for exchanging confidential documents outside their firewall. Sean Daugherty, an associate at Goldsmith Agio Helms says, "After a year's worth of due diligence, we found IntraLinks to be the only provider in the marketplace with the levels of security, reliability and customer service that we felt comfortable recommending to our clients."
2006
J. Andrew Damico Named COO
Promoting an Invaluable Contributor
IntraLinks promotes J. Andrew Damico to chief operating officer. "Andrew's innovative thinking, passion and deep commitment to the long-term growth and success of the company have made him an invaluable member of our management team," says Patrick Wack, president and CEO of IntraLinks. In the position of executive vice president of global sales and Marketing at IntraLinks, Mr. Damico exhibited an unique insight that enabled the company uncover new opportunities. The position of COO brings an expansion of his responsibilities to include strategic and tactical operations management.
2006
Further Expansion at Home and Abroad
Chicago, Frankfurt, Hong Kong Offices Open
IntraLinks expands globally by opening offices in Chicago, Hong Kong, and Frankfurt to address the increasing demand for IntraLinks' world-class solutions. As M&A and other complex financial transactions are becoming more global in nature, IntraLinks is able to better serve the market's need for a faster, more secure way to exchange confidential information online. A rapid expansion into the Asian and European markets reflects IntraLinks' commitment to deliver remarkable service on a local level.
2006
One Technology, Many Applications
Online Workspaces Show Broad Appeal
Companies that have used IntraLinks before are now realizing its almost-limitless utility -- seeing its practical applications for everyday use within their walls. For example, they can use the service to keep their company's information secure, organized and accessible to their lawyers, bankers, accountants and other critical, external parties. No matter what industry IntraLinks works in, the goal is to improve efficiency, maintain compliance, enhance security and save time.
IntraLinks Industry Roster:
Syndicated and Commercial Lending
Private Equity
M&A
Clinical Trial Management
Post-Deal Document Management and Merger Integration
Restructuring
Real Estate
Corporate Finance
Acquisition Management
Board of Directors Communication