New York, March 24, 2016 – Intralinks® Holdings, Inc. (NYSE: IL), a global content collaboration company, today announced the acquisition of Verilume, a Boston-based cloud infrastructure company. The acquisition builds on Intralinks’ strategy to provide its clients with business solutions for high-value content collaboration across boundaries, while also meeting stringent global data governance and security requirements. Verilume reduces the complexity of deploying and managing distributed cloud environments to deliver in-country or regional data locality and processing. As part of the acquisition, Verilume employees have joined Intralinks’ products and development teams.
Founded by former EMC and Goldman Sachs technology executives, Verilume is a startup company focused on reducing the complexity and time involved to deploy and manage distributed data centers and cloud infrastructures. Verilume provides expertise to more flexibly and dynamically manage operations within and across private, hybrid or public distributed cloud systems.
“Three years ago, the leadership team at Intralinks saw the global shift in data privacy regulations and realized that multi-national organizations would soon face enormous challenges regarding the sovereignty of their most sensitive content. The acquisition of Verilume advances Intralinks’ strategic vision to speed the delivery to market of new capabilities aimed at solving compliance and governance concerns,” said Ron Hovsepian, president and CEO of Intralinks. “The Verilume team adds depth to Intralinks’ expertise, which reinforces and enhances our commitment to protecting customers’ high-value information.”
Among those joining Intralinks are Verilume founders Dan Petrozzo and Mike Feinberg, two experienced technology executives with extensive backgrounds in product development, implementation and management. Petrozzo has held multiple senior roles in the financial services industry, including serving as a partner and global head of technology for investment management at Goldman Sachs and as chief information officer with Fidelity Investments. Feinberg previously served as general manager and senior vice president of EMC’s Cloud Infrastructure Group, where he led the development and go-to-market efforts of EMC’s Atmos cloud storage product. Earlier, Feinberg held the position of vice president and chief technology officer for network storage at Hewlett Packard.
At Intralinks, Petrozzo will assume the role of senior vice president, external operations and global support. In this role, he and his team will be responsible for delivering on Intralinks’ commitment to providing the highest levels of service and support to its customers. Feinberg will assume the role of senior vice president, development. In this role, he and his team will be responsible for all aspects of product development across the entire portfolio of services.
"The combination of Intralinks and Verilume provides enterprises with capabilities to retain complete data sovereignty when sharing with external parties," said Verilume Founder Mike Feinberg. "The Verilume team is a natural fit for the Intralinks family, having experience creating large-scale, commercial cloud infrastructure products and services. Together, we will give enterprise CSOs, CTOs and data privacy officers the flexible platform they need to confidently and compliantly share their most valuable information outside of an organization, between businesses and across borders.”
There is no change to the company’s previously issued financial guidance as a result of this acquisition.
Intralinks Holdings, Inc. (NYSE: IL) is a global content collaboration company that provides cloud-based solutions to control the sharing, distribution and management of high value content within and across organizations according to the highest-level of security and the most stringent compliance regulations. Over 90,000 clients, 99% of the Fortune 1000 companies, have depended on Intralinks to digitally transform and simplify critical business processes and secure high-value information. With a nearly 20-year track record of enabling high-stakes transactions and business collaborations valued at more than $28.1 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration technology. For more information, visit www.intralinks.com.
Forward Looking Statements
The forward-looking statements contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are express or implied statements that are not based on historical information and include, among other things, statements concerning Intralinks' plans, intentions, expectations, projections, hopes, beliefs, objectives, goals, and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from those contemplated in these forward-looking statements. Accordingly, there can be no assurance that the results or commitments expressed, projected or implied by any forward-looking statements will be achieved, and readers are cautioned not to place undue reliance on any forward-looking statements. The forward-looking statements in this press release speak only as of the date hereof. As such, Intralinks undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. For a detailed list of the factors and risks that could affect Intralinks' financial results, please refer to Intralinks public filings with the Securities and Exchange Commission from time to time, including its Annual Report on Form 10-K for the year-ended December 31, 2015.
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"Intralinks" and the Intralinks' stylized logo are the registered trademarks of Intralinks, Inc. © 2016 Intralinks, Inc.