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IntraLinks Sees 180 Percent Increase in Bankruptcy and Restructuring Deals

NEW YORK
March 3, 2009

IntraLinks®, Inc., the leading provider of critical information exchange solutions, has seen an 180 percent increase in bankruptcy and reorganization deals for the three month period ending Feb. 15, 2009, versus the previous three month period in 2008. IntraLinks Exchanges have been utilized for more than 200 restructuring engagements since 2006 and in eight of the 10 largest bankruptcy deals in 2008.

“Given the complexity and cost of bankruptcy and restructuring cases, it is critical for advisors to use the best technology solutions,” said Matt Porzio, vice president of product marketing for IntraLinks. “Our clients depend on IntraLinks to streamline everything from debtor-in-possession (DIP) financing and 363 sales to creditor and crisis management team communications.”

“In the current European market, our team is running a rapidly growing number of corporate finance and reorganization processes,” said Paul Hemming, lead partner of corporate finance for Zolfo Cooper Europe. “These mandates often involve tight deadlines and diverse buyer groups spread across the continent, so the integrity of our partners is critical for us. IntraLinks, with its excellent track record, has proved an important tool in delivering fast, efficient and effective solutions for restructuring.”

IntraLinks enables debtors, lenders, advisors, accountants and outside counsel to exchange sensitive, high-value information across enterprise boundaries. Managers can organize critical case documents, control access to documents with permissioning and document protection, and can quickly and easily disseminate information to new participants or court officials.

Increased government regulation and public scrutiny pose challenges for restructuring and bankruptcy professionals. IntraLinks’s best-in-class security, including 10 years of SAS 70 Type II certification, ensures protection of the critical information that is exchanged between many parties during the restructuring process.

About IntraLinks
IntraLinks enables business professionals to exchange critical information anytime, from anywhere through its secure, web-based solutions. Since 1997, IntraLinks has accelerated business processes, simplified communications and fostered rapid workflow for more than 750,000 users from 90,000 organizations worldwide. IntraLinks counts 800 of the Fortune 1000 as clients, including enterprises such as AstraZeneca Pharmaceuticals LP, Bank of America, Deutsche Bank and the FDIC. For more information, visit www.intralinks.com.

About Zolfo Cooper Europe
Zolfo Cooper Europe is a leading international provider of corporate advisory and restructuring services. Zolfo Cooper Europe’s highly skilled teams provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.

With in-depth expertse in the areas of corporate finance and restructuring, corporate recovery, creditor advisory services and pensions advisory services, Zolfo Cooper Europe’s professionals focus on creating business solutions that deliver results — from maximizing value for stakeholders to enhancing a company's long-term competitive advantage.

 

 

      
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