Ion Beam Applications Uses IntraLinks for $311.5 Million (€255.9 Million) Sale of its Sterilization and Ionization Business Unit
Virtual dataroom allows 12 global buyers to conduct due diligence online

New York and Belgium, March 29, 2004
IntraLinks, Inc., the leading provider of virtual data rooms to the M&A industry, today announced that Belgium-based Ion Beam Applications (Euronext: IOBat.BR, Reuters IBAB.BB, Bloomberg) used IntraLinks to sell its Sterilization and Ionization business unit. The IntraLinks virtual data room allowed 12 buyers, primarily located in Europe and the United States, to conduct their due diligence online instead of requiring them to travel to a physical data room.

“IntraLinks cut due diligence time by several weeks and opened the data room doors to global buyers without the necessity or expense of physically traveling to the site of the data room,” said Corey Grauer, Vice President and General Counsel at Ion Beam Applications. “Taking the deal online helped us obtain the best price for our shareholders and expedite and facilitate the due diligence and negotiation processes while keeping expenses to a minimum.”

“Deals in 2004 will be conducted in a more global and more complex market environment than we have seen in years,” said Frank Brunetti, Vice President, Business Development at IntraLinks. “Ion Beam Applications exemplifies the way companies will succeed in the face of these challenges, and we are proud to be their partner in this important sale.”

Traditionally, investment bankers and their clients set up physical rooms filled with confidential information about a transaction for due diligence. Prospective buyers were required to travel to these rooms to examine documents for days at a time.

With IntraLinks, documents are uploaded to a secure virtual data room, where authorized prospective buyers access them anytime, anywhere through a Web browser. Any number of M&A teams, with multiple representatives, can be allowed to examine documents simultaneously while maintaining confidentiality. Bankers and sell-side participants can add supplemental due diligence information and alert buyers in real-time, from any location.

In this transaction, Ion Beam also elected to use the IntraLinks virtual data room to facilitate the marketing phase of the transaction, with 60 buyers accessing the confidentiality agreement and 47 accessing the offering memorandum securely online.

About Ion Beam Applications
Founded in 1986, IBA (www.iba-worldwide.com) is a global innovator in the design and development of particle accelerators, therapeutic and diagnostic dosimetry equipment and the production and distribution of radiopharmaceuticals. IBA provides extensive expertise and state-of-the-art services and equipment to numerous world markets in healthcare and industry. A selection of IBA clients include top-ranking medical device manufacturers, specialized centers for the diagnosis and treatment of cancer, and the United States Postal Service. IBA stock is listed on the pan-European stock exchange, EURONEXT, and is part of the market segment NextEconomy.

About IntraLinks
IntraLinks (www.intralinks.com), the leading provider of digital workspaces, connects business communities and accelerates 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 April 1997, more than 100,000 participants representing over 3,000 companies worldwide have used IntraLinks digital workspaces to communicate and collaborate on more than 10,000 projects and transactions. IntraLinks has been rapidly adopted by the financial services and pharmaceutical markets. Over 100 global companies are IntraLinks clients, including AstraZeneca Pharmaceuticals LP, Bank of America, Bank One, Bear Stearns; Deutsche Bank, Dresdner Kleinwort Wasserstein, Ernst & Young; FDIC, Houlihan Lokey Howard & Zukin, International Finance Corporation (World Bank Group), JPMorgan Chase, TD Securities, Thomas Weisel Partners, Wachovia Securities and WestLB. Founded in June 1996, IntraLinks is headquartered in New York with offices in Boston and London.