NEW YORK, April 19, 2011 /PRNewswire/ -- IntraLinks, a leading provider of critical information exchange solutions, today announced that it will provide new translation services for its M&A customers and users. IntraLinks has partnered with Elanex, a leading translation services company, to enable all parties involved in the M&A process to request timely and quality translation of documents through a custom portal.
IntraLinks is meeting a growing demand from M&A buyers and sellers as the number of cross-border deals, and therefore the need for translation services, continues to increase. More than half the M&A deals on the IntraLinks platform have a cross-border component to them, with a seven percent growth in 2010 over 2009.
"Our strategic agreement with Elanex provides a significant benefit to IntraLinks users who are already utilizing our cloud-based platform to securely exchange critical information during M&A deals," said Andrew Damico, president and CEO, IntraLinks. "We chose to partner with Elanex because it has built a powerful technology platform for managing and automating the translation process, which will provide our users with the opportunity to further accelerate their deals when they need to translate documents."
IntraLinks, which is used for M&A deals from the beginning to the end of the process, will initially provide an integrated link on its platform for all users to go to the customized portal that has specifically been set up for requesting translation services. All services will be performed by Elanex's professional translators utilizing the company's advanced technology platform, ensuring that translation is faster and of better quality. Elanex manages translation projects of all sizes, in any document type or format, in more than 120 languages.
"We are delighted to partner with IntraLinks to provide comprehensive translation services that meet the needs of their M&A customers and users," said Donald Plumley, CEO, Elanex. "IntraLinks is recognized as the leading provider of virtual data rooms in the M&A industry, and Elanex is the leader in the high speed, high quality financial/legal translations required for cross-border transactions. It is a natural partnership that we believe will bring great benefits to IntraLinks customers."
IntraLinks (NYSE: IL) is a leading global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. More than 1 million professionals in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, as well as government agencies, have utilized IntraLinks' easy-to-use, cloud-based solutions. IntraLinks users can accelerate information-intensive business processes and workflows, meet regulatory and risk management requirements and collaborate with customers, partners and counterparties in a secure, auditable and compliant manner. Professionals at more than 800 of the Fortune 1000 companies have used IntraLinks' solutions. For more information, visit www.intralinks.com or http://blog.intralinks.com. You can also follow IntraLinks on Twitter at http://twitter.com/intralinks and Facebook at www.facebook.com/IntraLinks.
Elanex is a global language services and solutions company that combines its industry-leading technology solutions with its network of 32,000 linguists to rapidly deliver top-quality translations for critical business information. The company's 12 offices around the globe include its headquarters in San Francisco along with offices in Europe, the Americas, Asia, and Australia. For more information about Elanex, visit http://www.elanex.com.