Revenue up 57 percent as company broadens customer base and forms new partnerships
New York and London, February 26, 2007 — IntraLinks, Inc., the leading provider of workspaces for secure document exchange, announced today that its revenue grew by 57 percent in 2006, rising to $86.5 million dollars from $55 million dollars in 2005. The company achieved equally impressive growth in margins and profitability in 2006. Further, IntraLinks’ annualized fourth quarter 2006 revenue exceeded $100 million, demonstrating continued strong momentum as the year progressed. The company attributes its growth to increased penetration of existing markets and new adoption of its service among corporations. IntraLinks ended the year with more than 600,000 users worldwide, representing more than 50,000 organizations in 190 countries.
These results cap off a year in which IntraLinks signed several significant partnerships and was recognized by industry organizations.
IntraLinks was selected as the preferred provider of virtual dealroom services by several leading investment banks, including JP Morgan, Goldsmith Agio Helms and William Blair. The company also launched a service in Japan with new partner iSi-Dentsu. Burgeoning demand for online workspaces worldwide led to new offices opening in Frankfurt, Hong Kong, Paris and Chicago.
In addition, IntraLinks expanded its global partner network through new relationships with Doxis in the Netherlands, Intellecta in Scandinavia, Ince in South Africa and Planet Associados in South America. These partnerships will help deliver its On-Demand Workspaces™ in those markets. IntraLinks also renewed and expanded its global relationship with leading financial printer RR Donnelley.
Signalling its continued commitment to the financial services industry, IntraLinks was named to the FinTech 100 in November 2006. The FinTech 100 is a ranking of top global technology and service providers conducted by American Banker magazine and Financial Insights, a research company owned and operated by IDC. IntraLinks was also named “Company for the 21st Century” by Financial News in October 2006. Financial News recognized 21 leading-edge technology firms with the potential to shape the industry landscape in the new millennium.
“Our sustained growth, growing profitability, industry recognition and ever-expanding roster of partners and clients underscore IntraLinks’ tremendous achievements over the past few years,” said Patrick Wack, president and chief executive officer of IntraLinks, Inc. “As we prepare to celebrate our 10th anniversary, we look forward to IntraLinks further solidifying its position as the de facto standard for companies that need to share critical business information securely with external parties.”
About IntraLinks
IntraLinks® On-Demand Workspaces™ connect business communities and accelerate the intelligent flow of information and documents among participants. Through IntraLinks' secure, neutral, online environments, companies are better able to compete globally by accelerating essential business processes, simplifying communication and fostering rapid workflow. IntraLinks is easily accessible anywhere, anytime using a web browser.
Since 1997, more than 600,000 participants representing over 50,000 organizations worldwide have used IntraLinks On-Demand Workspaces™ to communicate and collaborate on thousands of projects and transactions. IntraLinks has been adopted widely in the financial services and pharmaceutical industries, where its clients include AstraZeneca Pharmaceuticals LP, Bank of America, Bear Stearns, Deutsche Bank, FDIC, TD Securities, Thomas Weisel Partners and WestLB, among hundreds of others. Founded in 1996, IntraLinks is headquartered in New York with offices around the world. Revenue up 57 percent as company broadens customer base and forms new partnerships.