IntraLinks Introduces Access Gatekeeper Compliance Solution to Loan Syndication Market
Next Generation Disclosure Functionality Helps Compliance Departments Satisfy Increasing Regulatory Scrutiny
New York, May 21, 2008
IntraLinks®, Inc., the leading provider of online workspaces for secure document exchange, has just introduced Access Gatekeeper, which delivers enhanced compliance functionality for loan syndication professionals on IntraLinks’ platform.
IntraLinks, the leading provider of online workspaces for secure document exchange, Access Gatekeeper centralizes workspace access control for compliance and audit departments monitoring the behavior of “at risk” staff who are involved in sales and trading of public securities and private loans. Compliance, legal and internal audit officers using Access Gatekeeper can limit access to specific information posted on IntraLinks at the enterprise, individual or deal level while receiving daily compliance reports of user activity within their respective organizations.
The new functionality was introduced to help asset management and investment firms, in particular, control exposure of material, non-public information about publicly held companies raising money in the non-public loan market.
“In today’s regulatory environment, Access Gatekeeper is a welcome and important new tool for the compliance team. We don’t believe any other service offers the same oversight capabilities surrounding employee access to syndicated loan information,” says Andy Fieweger, senior vice president of product management for IntraLinks.
“We have been the leader in the loan syndication market for more than 10 years. Access Gatekeeper is the latest addition to IntraLinks’ comprehensive suite of solutions for our buy-side and sell-side customers in that market,” said Andrew Damico, chief executive officer of IntraLinks.
In 1997, IntraLinks introduced online workspaces to the loan syndication market, enabling lead banks to post—and participants to review—information for individual deals on a secure, web-based platform. Since then, compliance challenges for loan syndication participants have grown, as more investment firms trade in both public securities and participate in private loan transactions. To address this potential compliance issue, IntraLinks launched its Public vs. Private disclosure capability in 2005 to help arranging banks limit individual access to specific deal information based on an investor’s declaration of his or her status as a public or private investor. In 2006, IntraLinks introduced its Access Monitoring Service to help companies monitor exposure to material non-public information.
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 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, 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. For more information, visit www.intralinks.com.