It marks the sixth consecutive year that Gartner has recognized Intralinks as the leader in the team platforms and social software suites (formerly team collaboration) market.
Gartner published a worldwide market share report for all software markets and in connection with that report analyzed the web conferencing, team platforms, and social software suites market. The report is based on Gartner’s analysis of vendors as well as the vendors’ reported revenues. A notable result from the analysis highlights that the overall team collaboration software market grew 21 percent in 2011, with Intralinks’ global revenue being the highest in this market.
“After more than a decade of SaaS and cloud services use, adoption continues to grow and evolve within the enterprise application markets,” writes Tom Eid, research vice president, Gartner. “Although use is expanding to a wider range of applications and solutions, the most widespread use is still characterized by horizontal applications with common processes, among distributed virtual workforce team and within Web 2.0 initiatives.”**
Through interviews and surveys with senior corporate IT and business leaders, Intralinks has identified significant secure collaboration needs in the market. As cloud products that derive from a consumer heritage are brought into the workplace – the “bring your own collaboration (BYOC)” phenomenon – the process puts strains on corporate IT, governance, and risk. These well-meaning users often compromise fit, usability, and adherence to corporate policies for productivity gains. As corporate IT and risk departments seek to balance the productivity gains with new cloud tools and the control and visibility required to manage corporate risk, they are looking to enterprise-class products such as Intralinks. Intralinks is well-positioned to help organizations maximize the value of content by balancing the freedom to share with the power to govern and control.
“We believe Gartner’s recognition reinforces our leadership position in the growing marketplace of cloud-based, enterprise-grade technology,” said Rainer Gawlick, chief marketing officer at Intralinks. “Intralinks’ solutions empower organizations to extend their enterprise-level control, security, and compliance to business processes within an organization while maintaining the integrity of sensitive and critical information beyond the firewall.”
*Gartner started looking at these specific markets because the continuing convergence of team collaboration and enterprise social software is driving new revenue opportunities as platform offerings became more prominent. The ‘Market Share: All Software Markets, Worldwide, 2011,’ March 2012, G00228712 is an annual report that provides detailed market share for infrastructure and application software for all the world's major regions. For the report, Gartner analyzes revenues for nearly 400 software vendors for 20 software markets and 104 software submarkets in 53 countries.
**Gartner, Inc. ‘Forecast Analysis: Enterprise Application Software Worldwide, 2011-2016, 1Q12 Update’, Analyst(s): Tom Eid, Yanna Dharmasthira, Chad Eschinger, Bianca Francesca Granetto, Joanne M. Correia, Sharon A. Mertz, Chris Pang, Hai Hong Swinehart, Dan Sommer, Bhavish Sood, April, 2012.
Forward Looking Statements
This press release contains express or implied forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are not based on historical information relating to, among other things, expectations and assumptions concerning Intralinks’ forecast of financial performance, future business growth, and management's plans, objectives, 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, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things: the uncertainty of our future profitability; our ability to sustain positive cash flow; periodic fluctuations in our operating results; risks related to our substantial debt balances; our ability to maintain the security and integrity of our systems; our ability to increase our penetration in our principal existing markets and expand into additional markets; our dependence on the volume of financial and strategic business transactions; our dependence on customer referrals; our ability to maintain and expand our direct sales capabilities; our ability to develop and maintain strategic relationships to sell and deliver our solutions; customer renewal rates; our ability to maintain the compatibility of our services with third-party applications; competition and our ability to maintain our average sales prices; our ability to adapt to changing technologies; interruptions or delays in our service; international risks; our ability to protect our intellectual property; costs of being a public company; and risks related to changes in laws, regulations or governmental policy including tax regulations. Further information on these and other factors that could affect Intralinks’ financial results is contained in its public filings with the Securities and Exchange Commission (the “SEC”) from time to time, including its Annual Report on Form 10-K for the year-ended December 31, 2011 and subsequent reports. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
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