Intralinks® Holdings, Inc. (NYSE: IL), a leading, global SaaS provider of inter-enterprise content management and collaboration solutions, today announced that in 2013 it experienced a significant increase in the number of global dealmakers using its Intralinks Dealnexus™ platform. The company saw a 99 percent increase in the total number of actionable M&A opportunities hosted on the platform, with the average deal size up almost 30 percent over the prior year. At current run rates, Intralinks Dealnexus deal volume is expected to double again in 2014.
Social dealmaking, the use of social computing and online deal sourcing, continues to gain traction as more M&A professionals move online to research, connect and close deals. In a 2013 Intralinks survey of 2,400 M&A professionals, 55 percent of respondents said they currently use an online deal network to support deal sourcing, with 50 percent of buy-side and 40 percent of sell-side professionals indicating that they have closed a deal that was sourced on an online network.
“Successful mergers and acquisitions are all about finding the right deal with the right company at the right time. Firms need a way to identify buyers and sellers faster, from all over the world, and to get deals done quickly and efficiently,” said Tony Hill, director of Dealnexus. “As word has spread about Intralinks Dealnexus, the number of firms using it has grown and the number of deals being done on it has nearly doubled. We hear from our customers all the time that social dealmaking is supercharging their overall M&A process.”
Recently, Intralinks Dealnexus enabled a $5 million subordinated debt deal conducted by Enhanced Capital, based in New York, and Summit Acquisitions Group, headquartered in Atlanta, Georgia. Jonah Glick, vice president of Enhanced Capital’s $225 million subordinated debt fund, was looking for new ways to identify potential deals, while Tom MacPherson, principal at Summit Acquisitions, was having problems identifying potential sources of alternative financing for his clients. “The explosion of private equity groups in the last ten years has been considerable, so keeping track of all of them has been impossible,” said MacPherson.
Glick and MacPherson discovered each other using Intralinks Dealnexus. Glick spent a few minutes setting up a buy-side mandate for Enhanced Capital, and within a few hours dozens of advisors had contacted him with proprietary deal opportunities. One day later he was contacted by MacPherson, which kicked off a month of due diligence followed by a negotiation of terms. The deal closed three months later. “A handful of inquiries led to conversations, and my conversation with Tom led to a deal. That is fantastic payback for my time,” said Glick.
Enhanced Capital and Summit Acquisitions’ use of Intralinks Dealnexus shows how social dealmaking is changing the way that deals are being done. Buyers and sellers who did not previously know of each other, in different parts of the country or world, are connecting quickly and easily using online deal sourcing. In addition, they are shortening M&A transaction time by reducing the time spent searching for prospective buyers and sellers, as well as streamlining all phases of the M&A deal cycle. “By using the resources of Intralinks Dealnexus, I get more people seeing my deals with a greater chance of someone wanting to buy them sooner,” commented MacPherson.
Since its inception, Intralinks Dealnexus has been used by more than 5,000 private equity firms, corporations, investment banks and advisors. It offers a secure and confidential way for dealmakers to find and engage buyers and capital partners. With Intralinks Dealnexus and the extended Intralinks suite of products, customers have an end-to-end solution for managing the full lifecycle of strategic transactions, from deal preparation, marketing and sourcing, all the way through to due diligence and execution.
Intralinks is now unveiling enhancements to the Intralinks Dealnexus user interface, including a redesigned look and feel and more streamlined dashboards for easier viewing and access to critical deal information.
For more information about Intralinks Dealnexus, visit http://www.intralinks.com/products/dealnexus/index.html.
Intralinks Holdings, Inc. (NYSE: IL) is a leading, global technology provider of inter-enterprise content management and collaboration solutions. Through innovative Software-as-a-Service solutions, Intralinks solutions are designed to enable the exchange, control and management of information between organizations securely and compliantly when working through the firewall. More than 2.7 million professionals, including professionals at 99% of the Fortune 1000 companies, have depended on Intralinks' experience. With a track record of enabling high-stakes transactions and business collaborations valued at more than $23.5 trillion, Intralinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration solutions. For more information, visitwww.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, 2013. 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.
Trademarks and Copyright
“Intralinks” and Intralinks’ stylized logo are the registered trademarks of Intralinks, Inc. The Intralinks Dealnexus stylized logo, “Intralinks Dealnexus” and “Dealnexus” are trademarks of Intralinks, Inc. This press release may also refer to trade names and trademarks of other organizations without reference to their status as registered trademarks. © 2014 Intralinks, Inc. All rights reserved.