IntraLinks Global Survey: 90% of Virtual Data Room Users Believe That the
Quality of the Solution is Vital to the Success of an M&A Deal and to Their
Work
NEW YORK, May 13 /CNW/ - IntraLinks, a leading provider of critical information exchange solutions, today announced the results of a global survey that was conducted in March 2010 with more than 200 M&A professionals who have used Virtual Data Room (VDR) solutions for deals. The survey findings show the importance of VDRs during the M&A process, as well as IntraLinks' superior reputation within the M&A industry.
Significant findings from the survey around the importance of VDRs and how they're utilized include:
- 90 percent of users believe that the overall quality of a VDR solution is important to help an M&A deal run smoothly and also impacts a company's ability to do its best work - 70 percent of users agree with the statement that the "quality of the VDR solution reflects on my firm" - 75 percent of respondents use VDRs for due diligence on the buy-side during M&A deals, 61 percent use VDRs for due diligence on the sell- side, and 31 percent use VDRs for sell-side pre-deal marketing
The survey also found that three out of four M&A professionals would recommend IntraLinks the next time they require a VDR, compared to less than 50 percent who would recommend a competitor. Respondents noted that IntraLinks accelerates M&A deals because it provides access to the largest community of buyers worldwide, streamlines communications through an enhanced Q&A functionality that reduces the time spent between buyers and sellers, and offers a quicker setup than competitors through powerful tools such as IntraLinks Designer.
"The findings from our survey show how important an effective and efficient VDR is for M&A professionals as they navigate their way through the complexities of a deal," said Matt Porzio, VP, product marketing, IntraLinks. "IntraLinks' cloud-based solutions for the M&A process are used by the top 50 financial services companies and top 25 law firms in the world, which is a clear illustration that we're providing VDRs that meet the needs of the key players. We offer a secure platform that accelerates M&A deals from the beginning to the end of the process, whether it's deal preparation and setup, enabling multiple interested buyers to conduct due diligence simultaneously, or by easing the post-integration process by having electronic copies of all key company information organized and accessible in one place."
The survey was conducted online by KS&R Research. Fifty six percent of respondents are currently using a VDR, with the remainder using a VDR in the past 12 months. All respondents had used IntraLinks(R) VDRs and at least one other provider of VDR solutions for M&A deals.
About IntraLinks
IntraLinks is a leading global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. More than 1,000,000 professionals in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, as well as government agencies, have utilized IntraLinks' easy-to-use, cloud-based solutions. IntraLinks users can accelerate information-intensive business processes and workflows, meet regulatory and risk management requirements and collaborate with customers, partners and counterparties in a secure, auditable and compliant manner. IntraLinks counts 800 of the Fortune 1000 as users. For more information, visit http://www.intralinks.com or http://blog.intralinks.com. You can also follow IntraLinks on Twitter at http://twitter.com/intralinks and Facebook at http://www.facebook.com/IntraLinks.
For further information: Radley Moss, Phone Number: (212) 543-7717, Email Address: [email protected]
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