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IntraLinks Holdings (IL) |
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WIKI ANALYSIS
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
IntraLinks Holdings (NYSE:IL) provides Software as a Service (SaaS) tools that help enterprises collaborate and exchange information within their organization. IntraLink offers specified applications which help organizations run complex and information intensive processes in an efficient manner. This specialized processes include clinical trial management, contract and vendor management, and due diligence for mergers and acquisitions. The goal of the company is to provide SaaS solutions for enterprise problems which require intensive collaboration and the maintenance of information.[1]
Because the tools are accessible through the internet and are hosted on the cloud, they are cheaper and easier to deploy than standard software. IntraLinks' products are also designed specifically for enterprises and so are built to be very secure and auditable if necessary.[2] The company plans to expand by continuing to expand into new industries and by cross-selling to existing customers.[3]
The company's initial public offering of stock on the NYSE and occurred on August 5th, 2010. Its initial price range is $14-$16, but the stock priced at $13. The company sold 11M shares and raised $146M. The lead underwriters of the deal are Deutsche Bank AG (DB) and Credit Suisse Group (CS) Suise[4] IntraLink 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.[5]
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 spent heavily on sales and marketing which has partly resulted in the net loss.[6]
References
- ↑ IL S-1/A 2010 "Overview" pg 1
- ↑ IntraLinks - "IntraLinks Home" 4 August 2010
- ↑ IL S-1/A 2010 "Our Growth Strategy" pg 4
- ↑ Renaissance Capital - IPO "Online information exchange provider IntraLinks sets IPO terms and timing" 21 July 2010
- ↑ IL S-1/A 2010 "Selected Risk Factors" pg 7
- ↑ IL S-1/A 2010 "Selected Consolidated Financial Data" pg 41
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