Intralinks Introduces Amendment Vote Management

NEW YORK, April 16, 2013 /PRNewswire/ -- Intralinks® Holdings Inc. (NYSE: IL), a leading, global SaaS provider of content management and collaboration solutions, today announced its amendment vote management (AVM) capability for the loan market. AVM enables information exchange that includes the ability to capture and provide feedback, as well as document distribution. The AVM capabilities update the core Intralinks platform, which now accepts deal-centric information, such as commitment amounts and tranche details. Intralinks will premiere the new AVM feature in New York at the LSTA Operations and Settlement Conference on April 24, 2013 and showcase the available AVM capability at the Thomson Reuters LPC Middle Market Conference on May 2, 2013.

Administrative agents have to manage corporate actions on behalf of their clients, including amendments, waivers, consents and extensions to existing credit agreements. Addressing these changes is a manual, error-prone process that can involve large amounts of time consuming administrative work. Organizing the legal documentation and frequent communications surrounding amendments to their underlying credit agreements is challenging without technology specifically designed for this process. A solution to optimize and enhance this process and reduce error and risk is critical to improving the efficiency and effectiveness of loan processing.

"Our new amendment voting capability reinforces our commitment to the debt capital markets community," said Mark Johnson, Senior Vice President of DCM Operations at Intralinks. "We're excited to provide our users with customer-focused technology in a more secure, auditable and compliant way that will help them win more business. Improving collaboration within the amendment voting process helps syndicated loan professionals multiply the value of their investments in knowledge and technology."

With Intralinks AVM capabilities, agents can efficiently and accurately manage amendment voting by eliminating the manual process that surrounds the distribution of information and the collection of votes. Administrative agents can drive timely credit decisions for both borrowers and their lenders by using workflow processes specifically designed to support a variety of amendment types. Agents can execute amendments in existing agency workspaces, which include new dashboards to help amendment teams efficiently prioritize their work. Lenders have a "self-service" ability to manage their own consent, including electronic signature page submission.

"We are very excited to be partnering with Intralinks to further support and improve straight-through-processing in the loan market," said Ken Katz, Director, Loan IQ Product Management at Misys. "This AVM technology leverages the LenderBridge connector, our jointly developed and supported integration adapter, to synchronize tranche-level information, including commitment and contact details between Intralinks exchanges and Misys Loan IQ™."

With amendment vote management, Intralinks extends existing agency functionality:

• Streamline the amendment process: configure and save amendment templates
• Drive timely credit decisions: monitor vote progress and statistics using real-time dashboards with task alerts and reminders
• Reduce manual errors: view automatic weighted vote calculations for commitment percentage

With sophisticated tools for syndicated loan professionals, Intralinks Debtspace (formerly called Intralinks Dealspace for Debt Capital Markets) is designed to be the best-in-class loan platform in the industry. To learn more about amendment vote management, visit http://www.intralinks.com/solutions/syndicated-lending.

About Intralinks
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.

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 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, 2012.  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. This press release may also refer to trade names and trademarks of other organizations without reference to their status as registered trademarks.  © 2013 Intralinks, Inc.  All rights reserved.

SOURCE IntraLinks Holdings, Inc.