NEW YORK, July 11, 2012 /PRNewswire/ -- IntraLinks Holdings, Inc. (NYSE: IL), a leading, global provider of inter-enterprise collaboration services, and Misys, the number one provider of financial services software, announced today an exclusive strategic partnership arrangement. The alliance is designed to better service participants in this $3.9 trillion dollar syndicated loan market by offering end-to-end process solutions that mitigate legal and operational risk and increase operational effectiveness.
Under the partnership arrangement, IntraLinks and Misys will significantly expand efforts in supporting the straight-through-processing of information that is critical to the lending process. As a first step, the two companies will be launching a major upgrade to the Lenderbridge connector that currently automates the provisioning of lender access to IntraLinks' virtual deal rooms directly from within Misys Loan IQ™. The upgrade embraces market standards in lender (counterparty) identifiers and enables the real time synchronization of fund-level entities by providing administrative agents with the ability to fully represent their legal lenders of record for each deal conducted on IntraLinks' platform. This upgrade will serve as a foundation for the launch of additional loan process solutions including the complicated process of administering amendment voting.
"Amendment voting is one of the remaining mostly manual processes in the syndicated loan market," said Ellen Hefferan, Vice President of Operations at the Loan Syndications and Trading Association. "Solutions that can streamline this process and reduce operational risk are critical to the future growth of the market."
In addition, under the arrangement, IntraLinks will offer an interface to Misys Loan IQ™ that includes a new front-office deal management capability that is intended to provide best-in-class joint book running, pipeline reporting, and customer relationship management tools. By combining these robust, front-to-back-office solutions into one fully integrated, next-generation syndicated lending solution, Misys and IntraLinks will be well-positioned to deliver new and differentiated solutions to the syndicated loan market.
"This new partnership arrangement reinforces our existing relationship with IntraLinks and will enable us to offer our joint clients substantially more capabilities and straight-through-processing," said Ken Katz, Senior Loan IQ Solutions Manager at Misys. "We look forward to working with IntraLinks on the new initiatives, which will transform the way information is managed in the syndicated loan market."
"The alliance will provide a superior client experience and unmatched product leadership in syndicated lending," said Rainer Gawlick, Chief Marketing Officer at IntraLinks. "This partnership is another demonstration of IntraLinks' commitment to serving the loan market and the broader debt capital markets. We view this partnership as a key element of providing a dominant end-to-end solution in the syndicated loan space for years to come.
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 million professionals at 800 of the Fortune 1000 companies depend on IntraLinks' experience. With a track record of enabling high-stakes transactions and business collaborations valued at more than $19 trillion, IntraLinks is a trusted provider of easy-to-use, enterprise strength, cloud-based collaboration solutions. For more information, visit www.intralinks.com.
Misys is at the forefront of the financial software industry, providing the broadest portfolio of banking, treasury, trading, and risk solutions available on the market. With 1,800 customers in 120 countries, Misys' team of domain experts and partners has an unparalleled ability to address industry requirements at both a global and local level.
Misys was formed by the merger of Misys with Turaz, which includes the award-winning Kondor+ product line. Combined they are able to address all customer requirements across both the banking and trading book businesses. Misys is the trusted partner that financial services organizations turn to for help solving their most complex problems. Find out more at www.misys.com.
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.
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 the IntraLinks logo are the registered 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. © 2012. All rights reserved.
SOURCE IntraLinks Holdings, Inc.