Contact Information: CONTACT: Alison Koski Text100 212-331-8436 AlisonK@text100.com Isa Loundon IntraLinks 212-342-7508 iloundon@intralinks.com
IntraLinks Observes Second Consecutive Quarter of Increased Deal Activity
Global Transactions Rise Ten Percent in Q3 2009
| Source: Text 100 - New York City
NEW YORK, NY--(Marketwire - October 7, 2009) - Results of the third quarter IntraLinks® Deal
Flow Indicator show a ten percent increase in global deal activity this
quarter over the second quarter of 2009. Deal activity increased across all
regions of the world, with Europe, the Middle East, and Africa (EMEA) and
Asia Pacific (APAC) seeing the largest increases quarter to quarter. Third
quarter improvements can be attributed to continued strength in global
equity markets, the return of large, non-distressed deals and continued
distressed M&A activity as companies executed on plans to deleverage.
"This uptick in deal activity builds on the 10 percent increase IntraLinks
observed last
quarter, and is a strong indicator of continued market stabilization,"
said J. Andrew Damico, President and CEO of IntraLinks. "The heightened
increases were reflected in not one but multiple industries including
technology, life sciences, industrial/manufacturing and energy in the past
quarter."
"Given that most M&A processes exceed five months in duration, we are
always looking for leading indicators of transaction activity. Intralinks'
Deal Flow Indicator provides a statistical metric of transaction trends
that is in marked contrast to the anecdotal information currently available
to us," commented Alec Ellison, co-head of Investment Banking at Jefferies.
IntraLinks has been the leading global provider of M&A virtual datarooms
for more than 10 years and is currently involved in nearly half of global
deals greater than $25 million. Most of these deals are active on
IntraLinks' virtual datarooms as many as three months prior to being
publicly announced. Issued quarterly, the IntraLinks Deal Flow Indicator
is calculated using the total volume of IntraLinks virtual datarooms that
were proposed for use by deal teams initiating projects during the previous
quarter. The totals are then analyzed regionally and compared to previous
time periods.
About the Deal Flow Indicator
Read IntraLinks Deal Flow Indicator Third Quarter Report here. For more
commentary on the report, read IntraLinks' blog here.
About IntraLinks
IntraLinks provides on-demand solutions for businesses to securely
collaborate, communicate and exchange critical information inside and
outside the enterprise. For more than a decade, 800,000 professionals from
more than 90,000 organizations have relied on IntraLinks to accelerate
workflow, optimize business processes and realize new profit potential.
IntraLinks counts 800 of the Fortune 1000 as clients, including AstraZeneca
Pharmaceuticals LP, Bank of America, Deutsche Bank and the FDIC. Visit
www.intralinks.com or blog.intralinks.com for more
information.