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User:ColbyBurkeSSC/sandbox

< User:ColbyBurkeSSC
Intralinks
IndustryFinancial technology
Founded1996 (1996)
Headquarters
Boston
,
United States
Key people
Ken Bisconti, CEO
ParentSS&C Technologies
Websiteintralinks.com

Intralinks is an American financial technology provider. Founded in 1996, it was purchased by SS&C Technologies in 2018. Its products focus on enterprise collaboration and strategic transactions.

History

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Intralinks was founded in New York City in 1996.[1] Founders Mark Adams and John Muldoon had previously worked in banking.[2] Arthur Sculley was a major early investor, and was the first chair of the company's board.[1][3] Adams served as CEO and president.[4] Its official launch was held at J.P. Morgan & Co. in September 1997.[5]

The company was initially working in the area of loan syndication, operating on a subscription model.[2] It developed web-based secure document exchange services, built on Lotus Notes and hosted by the IBM Global Network.[5][6][1] It also supported creation of "financial industry standards for digitally signing contracts".[7][6] A 2002 profile in Crain's New York Business described it as "the standard by which large banks conduct loan syndication deals".[2] Early major clients included J.P. Morgan,[2] Bank of America,[8] and Chase Manhattan Bank.[7]

Intralinks began to expand rapidly in 1998, jumping from 9 staff to 40.[9] It conducted its first private placement transactions in 1999.[10] Its London office opened that same year.[4] In 2000, James Dougherty became CEO,[11] and Intralinks filed an initial public offering (IPO).[12] However, the IPO was withdrawn twice due to market concerns.[13] In 2001 it reported a 350% increase in revenue since 1999, although it also downsized 50% of its staff in that year.[2] Patrick Wack Jr was named CEO the following year.[14] It launched virtual data rooms for mergers and acquisitions in 2002.[15] In 2004, it announced having facilitated $5 trillion in total syndicated loan transactions.[16] It withdrew another IPO in 2005.[17]

TA Associates acquired a majority stake in the company in 2007 after a recapitalization resulting in $275 million in debt.[18] J. Andrew Damico was named CEO in 2008.[19]

The company made an IPO in 2010, resulting in almost $145 million in funding.[18] Shares were anticipated to cost $14 to $16 but were sold at $13 on the New York Stock Exchange.[20] A follow-on offering was proposed in April 2011 to reduce debt, which at that time was over $127 million.[18] Also in 2011, Ronald Hovsepian was appointed CEO;[21] he had become one of the ten highest paid tech CEOs by 2016.[22]

In 2013, it acquired deal sourcing platforms PE-Nexus and MergerID.[23] It merged the two platforms to create Intralinks Dealnexus, "a global deal sourcing network",[24] which included a free app for seeking potential mergers and acquisitions.[25] In the same year, it introduced Intralinks VIA, a cloud-based collaboration platform.[26] Intralinks acquired docTrackr, a document security company, in 2014 for $10 million.[27][28] It began using HP Helion for its applications in 2015.[29] In 2016, it acquired the cloud infrastructure business Verilume.[30]

Intralinks was acquired by Synchronoss Technologies in January 2017 for around $821 million.[31] Hovsepian was named CEO of Synchronoss (although he left the company a few months later).[32][33] At the time, according to New Jersey Business Magazine, "over 4.1 million business users across the world have used its secure, cloud-based platform, and it counts 99% of Fortune 1000 companies among its customers".[34] Later that same year Synchronoss sold Intralinks to Siris Capital Group for $1 billion.[35] Leif O'Leary became CEO, and Intralinks acted "as an independent Siris portfolio company".[36] The following year, SS&C Technologies announced that it had acquired Intralinks for $1.5 billion.[37]

Operations

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SS&C logo

The company operates as SS&C Intralinks.[38] As of 2018 it had 800 employees and an annual revenue of $325 million.[39][40] Global Custodian reported that "Its communications platform is one of the most-used by private equity and hedge fund managers, with the largest hosted community of general and limited partners for the alternatives investments industry."[38] According to the company, 988 of the Fortune 1000 companies use its products.[41]

Intralinks has 32 locations worldwide, including in the United States, Mexico, Brazil, China, India, South Korea, Japan, Singapore, Australia, Romania, Hungary, Germany, the United Kingdom, Italy, Greece, Austria, France, Spain, Switzerland, Sweden, the United Arab Emirates, South Africa, Nigeria, Israel, and Turkiye. It is headquartered in Boston.[42]

Awards

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  • Inc 500[43]
  • BIG Innovation Award, 2020[44] and 2021[45]
  • Fortress Cyber Security Award, 2022,[46] 2023[47] and 2025[48]
  • Private Equity Wire, Best Investor Relations Technology[49]
  • 2025 IDC SaaS Award for M&A Customer Satisfaction[50]
  • BIG Excellence in Customer Service Award, 2026[51]
  • BIG Artificial Intelligence Excellence Award, 2026[52]
  • 2026 FinTech Breakthrough Award for Alternative Investment Platform of the Year[53]

References

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  1. 1 2 3 Ivy Schmerken (December 1996). "Breaking the sneakernet". Wall Street & Technology. Vol. 14, no. 12. p. 74.
  2. 1 2 3 4 5 "Moving beyond tech market". Crain's New York Business. Vol. 18, no. 47. November 25, 2002 – via Business Source Complete.
  3. ↑ Mark Adams; John Muldoon (February 2005). "Another side of the story". Inc. Vol. 27, no. 2 – via Business Source Complete.
  4. 1 2 Michelle Celarier; Peter Lee (October 1998). "Pluggin' the Internet". Euromoney. No. 354 – via Business Source Complete.
  5. 1 2 Kimberly Weisul (September 29, 1997). "Intralinks inks pact with first five banks for loans via Intranet". Investment Dealers' Digest. Vol. 63, no. 39. p. 12.
  6. 1 2 Matthew de Paula (June 2004). "'Virtual data rooms' speed up deals". Bank Technology News. Vol. 17, no. 6. p. 14.
  7. 1 2 David Carr (April 1, 2001). "Saving the trees". Internet World. Vol. 7, no. 7. p. 46.
  8. ↑ Mark Tebbe (September 29, 1997). "If bankers can use the Internet to make big bucks, why can't you?". InfoWorld. Vol. 19, no. 39. p. 152.
  9. ↑ Robert Whalen (September 30, 1998). "Internet document management system's success leads IntraLinks to expand". Bond Buyer. Vol. 325 – via Business Source Complete.
  10. ↑ Jakema Lewis (June 11, 2001). "More private deals for IntraLinks". Private Placement Letter – via ProQuest.
  11. ↑ "Intralinks president is promoted to CEO". American Banker. Vol. 165, no. 96. May 18, 2000 – via Business Source Complete.
  12. ↑ Megan Ptacek (April 10, 2000). "Web software firm IntraLinks and E-Funds file IPO paperwork". American Banker. Vol. 165, no. 69 – via Business Source Complete.
  13. ↑ Mark Walsh (September 11, 2000). "Intralinks batting in a hole with 2 IPO strikes against it". Crain's New York Business. Vol. 16, no. 37. p. 38.
  14. ↑ Harold Davis (September 20, 2002). "People & Places". Greenwich Time. p. 21.
  15. ↑ "More dealmakers leaning on virtual data rooms". Mergers & Acquisitions. Vol. 40, no. 3. March 2005 – via Business Source Complete.
  16. ↑ "IntraLinks' fax-in to increase loan transaction efficiency". Bank Loan Report. Vol. 19, no. 36. September 20, 2004. p. 8.
  17. ↑ Amanda Fung (April 16, 2007). "Tech IPOs look ready to make a comeback". Crain's New York Business. Vol. 23, no. 16. p. 14.
  18. 1 2 3 Anthony Noto (April 4, 2011). "IntraLinks proposes follow-on offering". Mergers & Acquisitions Report. Vol. 24, no. 14.
  19. ↑ "Noted". Wall Street Journal. February 29, 2008. p. B5.
  20. ↑ Liana Baker; Clare Baldwin (August 6, 2010). "Intralinks shares flat in NYSE debut". Reuters.
  21. ↑ Tuli Banerjee (December 19, 2011). "Intralinks names new CEO". SNL Financial Services Daily – via ProQuest.
  22. ↑ Julie Bort (December 23, 2014). "The most overpaid and underpaid CEOs in tech". The State Journal-Register.
  23. ↑ Allison Collins (April 8, 2013). "Intralinks acquires MergerID and PE-Nexus". Mergers & Acquisitions Report. Vol. 26, no. 14 – via Business Source Complete.
  24. ↑ Danielle Fugazy (December 2013). "Buyer's guide". Mergers and Acquisitions. Vol. 48, no. 12. p. 36.
  25. ↑ Manuel Baigorri (August 25, 2014). "An app for finding the perfect M&A match". Bloomberg Businessweek – via Business Source Complete.
  26. ↑ Barbara Brynko (April 2013). "Intralinks: safeguarding documents". Information Today. Vol. 30, no. 4. p. 31.
  27. ↑ Spencer Ante (April 24, 2014). "Intralinks Beats Out Box to Acquire DocTrackr". Wall Street Journal.
  28. ↑ Ama Khalid (May 4, 2017). "Meet the new head of Boston's most elite tech accelerator". WBUR.
  29. ↑ Phil Alsop (February 27, 2015). "Intralinks enters into strategic technology and go-to-market partnership with HP". Digitalisation World.
  30. ↑ Dan Kobialka (March 28, 2016). "Intralinks acquires Boston-based cloud infrastructure provider Verilume". Channel Futures.
  31. ↑ "Siris Capital Group to buy Synchronoss unit for $1 billion". WSJ Pro. October 17, 2017 – via ProQuest.
  32. ↑ Ciara Linnane (December 6, 2016). "Synchronoss Tech to acquire Intralinks in $821 million deal". MarketWatch.
  33. ↑ Eric Strauss (April 27, 2017). "Synchronoss CEO, CFO out, former CEO and CFO return to the posts". NJBiz.
  34. ↑ "Synchronoss Technologies to acquire Intralinks Holdings accelerating strategic transformation". New Jersey Business Magazine. December 8, 2016.
  35. ↑ Laura Kreutzer (December 20, 2017). "Siris seeks $3 billion for fourth technology fund". WSJ Pro – via ProQuest.
  36. ↑ Andrew Scurria (November 16, 2017). "Synchronoss disputes bondholders on $1 billion Intralinks sale". WSJ Pro – via ProQuest.
  37. ↑ Peter Wells (September 6, 2018). "SS&C Technologies to buy data-room facilitator Intralinks for $1.5bn". Financial Times – via ProQuest.
  38. 1 2 Jonathan Watkins (September 3, 2019). "SS&C reshuffles Intralinks executive team as former CEO exits". Global Custodian.
  39. ↑ Maddie Saghir (November 23, 2018). "SS&C acquires Intralinks". Asset Servicing Times.
  40. ↑ O'Ryan Johnson (September 6, 2018). "SS&C buying spree continues with $1.5 billion deal for Intralinks". CRN.
  41. ↑ Ben Kepes (January 10, 2014). "Intralinks Steps Up To The Plate - Because The World Needs Another File Sharing Offering, Right?". Forbes.
  42. ↑ "SS&C Intralinks locations". SS&C Intralinks. Retrieved March 3, 2026.
  43. ↑ "Inc 500: Geographic Guide" (PDF). Inc. 2003.
  44. ↑ "5 executives and 100 companies and products leading in innovation in 2020". Business Innovation Group. January 22, 2020.
  45. ↑ "7 executives, 52 companies and 137 products win 2021 BIG Innovation Award". Business Intelligence Group. January 12, 2021.
  46. ↑ "100 named in 2022 Fortress Cyber Security Awards". Business Intelligence Group. June 7, 2022.
  47. ↑ "105 people, companies and products named in 2023 Fortress Cyber Security Awards". Business Intelligence Group. May 31, 2023.
  48. ↑ "Securing the future: these companies are redefining what cyber defense looks like". Business Intelligence Group. June 3, 2025.
  49. ↑ "Winners announced for Private Equity Wire European Awards 2021". Private Equity Wire. March 25, 2021.
  50. ↑ "IDC 2025 SaaS CSAT Awards". IDC. September 2025.
  51. ↑ "2026 Excellence in Customer Service Awards". Business Intelligence Group. April 22, 2026.
  52. ↑ "2026 Artificial Intelligence Excellence Awards". Business Intelligence Group. March 24, 2026.
  53. ↑ "Meet the FinTech Breakthrough Award Winners". FinTech Breakthrough. Retrieved May 10, 2026.
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