Intralinks Acquires Cloud Infrastructure Company Verilume
March 24 2016 - 8:15AM
Business Wire
Addresses information privacy challenges for
global and regulated enterprises
Intralinks® Holdings, Inc. (NYSE:IL), a global content
collaboration company, today announced the acquisition of Verilume,
a Boston-based cloud infrastructure company. The acquisition builds
on Intralinks’ strategy to provide its clients with business
solutions for high-value content collaboration across boundaries,
while also meeting stringent global data governance and security
requirements. Verilume reduces the complexity of deploying and
managing distributed cloud environments to deliver in-country or
regional data locality and processing. As part of the acquisition,
Verilume employees have joined Intralinks’ products and development
teams.
Founded by former EMC and Goldman Sachs technology executives,
Verilume is a startup company focused on reducing the complexity
and time involved to deploy and manage distributed data centers and
cloud infrastructures. Verilume provides expertise to more flexibly
and dynamically manage operations within and across private, hybrid
or public distributed cloud systems.
“Three years ago, the leadership team at Intralinks saw the
global shift in data privacy regulations and realized that multi-national organizations
would soon face enormous challenges regarding the sovereignty of
their most sensitive content. The acquisition of Verilume advances
Intralinks’ strategic vision to speed the delivery to market of new
capabilities aimed at solving compliance and governance concerns,”
said Ron Hovsepian, president and CEO of Intralinks. “The Verilume
team adds depth to Intralinks’ expertise, which reinforces and
enhances our commitment to protecting customers’ high-value
information.”
Among those joining Intralinks are Verilume founders Dan
Petrozzo and Mike Feinberg, two experienced technology executives
with extensive backgrounds in product development, implementation
and management. Petrozzo has held multiple senior roles in the
financial services industry, including serving as a partner and
global head of technology for investment management at Goldman
Sachs and as chief information officer with Fidelity Investments.
Feinberg previously served as general manager and senior vice
president of EMC’s Cloud Infrastructure Group, where he led the
development and go-to-market efforts of EMC’s Atmos cloud storage
product. Earlier, Feinberg held the position of vice president and
chief technology officer for network storage at Hewlett
Packard.
At Intralinks, Petrozzo will assume the role of senior vice
president, external operations and global support. In this role, he
and his team will be responsible for delivering on Intralinks’
commitment to providing the highest levels of service and support
to its customers. Feinberg will assume the role of senior vice
president, development. In this role, he and his team will be
responsible for all aspects of product development across the
entire portfolio of services.
"The combination of Intralinks and Verilume provides enterprises
with capabilities to retain complete data sovereignty when sharing
with external parties," said Verilume Founder Mike Feinberg. "The
Verilume team is a natural fit for the Intralinks family, having
experience creating large-scale, commercial cloud infrastructure
products and services. Together, we will give enterprise CSOs, CTOs
and data privacy officers the flexible platform they need to
confidently and compliantly share their most valuable information
outside of an organization, between businesses and across
borders.”
There is no change to the company’s previously issued financial
guidance as a result of this acquisition.
About Intralinks
Intralinks Holdings, Inc. (NYSE: IL) is a global content
collaboration company that provides cloud-based solutions to
control the sharing, distribution and management of high value
content within and across organizations according to the
highest-level of security and the most stringent compliance
regulations. Over 90,000 clients, 99% of the Fortune 1000
companies, have depended on Intralinks' to digitally transform and
simplify critical business processes and secure high-value
information. With a nearly 20-year track record of enabling
high-stakes transactions and business collaborations valued at more
than $28.1 trillion, Intralinks is a trusted provider of
easy-to-use, enterprise strength, cloud-based collaboration
technology. 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
or commitments 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, 2015.
Trademarks and Copyright
"Intralinks" and the Intralinks' stylized logo are the
registered trademarks of Intralinks, Inc. © 2016 Intralinks,
Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20160324005151/en/
Intralinks Holdings, Inc.Investor:Dean Ridlon,
617-607-3957dridlon@intralinks.comorMedia:Ian Bruce,
508-574-2016ibruce@intralinks.com
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