IntraLinks Names J. Andrew Damico Chief Executive Officer
New York, February 26, 2008
The board of directors for IntraLinks®, the leading provider of online workspaces for secure document exchange, has named J. Andrew Damico chief executive officer.
A seven-year IntraLinks veteran, Mr. Damico previously served as chief operating officer and executive vice president of sales and marketing for the company. For the past six months, he had been serving as acting CEO.
Mr. Damico succeeds former president and CEO Patrick Wack, who became chairman of the board for IntraLinks in fall 2007. Mr. Wack had served as president and CEO since 2002.
“IntraLinks is at a critical juncture in its development, and Andrew is the right leader to take the company forward,” said Mr. Wack. “During the past six months, Andrew has not only excelled as acting CEO, but has helped make key organizational changes that will enable IntraLinks to grow aggressively in the years to come.”
Mr. Damico stated, "I am delighted to have the opportunity to lead IntraLinks into its next phase of growth. IntraLinks is a premier brand within the international banking and financial services industries. We helped define the online workspace, and have extended our offering to a whole new set of corporate users. Now the value that the loan syndication and investment banking communities have found using the IntraLinks platform is being realized by CFOs, general counsel, in-house legal and finance departments, compliance officers and others concerned with secure document exchange and storage.”
“Since we began marketing the IntraLinks offering to a broader corporate audience," Mr. Damico added, "we have seen rapid adoption in the energy, life sciences, financial services and real estate industries. We expect to again set the pace and define the future of secure, online document exchange for corporate users around the world.”
During Mr. Damico’s tenure as part of IntraLinks’ management team, the company’s revenues have grown over 550%, a compound annual growth rate of more than 30 percent.
Before joining IntraLinks, Mr. Damico served as senior vice president of RADNET, Inc., a provider of shared workspaces to financial services companies, where he oversaw sales and business development efforts. Earlier he held various positions at Lotus Development Corporation and JP Morgan.
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 700,000 participants representing over 80,000 organisations 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.