| Type | Public (NYSE: IL) |
|---|---|
| Industry | Virtual data rooms |
| Founded | 1997 |
| Headquarters | New York, NY |
| Key people | J. Andrew Damico, President & CEO |
| Employees | 423 (2010)[1] |
| Website | www.IntraLinks.com |
IntraLinks is a global provider of virtual data rooms. Its services are used in the facilitation of loan syndications, mergers and acquisitions, and for creating and maintaining repositories for corporate documents.
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IntraLinks was founded in 1996 in order to streamline the exchange of information in the loan syndication market. It launched its first workspace in April 1997.[2]
Since 1997, more than 750,000 users representing over 90,000 organizations have used IntraLinks.[3]
The company's initial public offering of stock on the NYSE and occurred on August 6th, 2010. Its initial price range is $14-$16, but the stock priced at $13. The company sold 11,000,000 shares and raised $146M[4]. The lead underwriters of the deal are Deutsche Bank AG and Credit Suisse Group[5]. IntraLinks had approximately $152M in debt at the time of the IPO and expects to use the vast majority of the returns from the offering to repay its obligations.
IntraLinks revenue for 2009 was reported at $141M which is a slight decrease from its 2008 revenue of $143M. The company's also reported a net loss of $25M in 2009. The company has consistently reported a net loss of at least $24M.
The company has 400 employees worldwide and its global headquarters are in New York City.