Intralinks accelerates M&A due diligence and contract review with Kira Diligence Engine relationship
New York, NY — Intralinks® Holdings, Inc. (NYSE: IL), a leading, global SaaS provider of secure enterprise content collaboration solutions, today announces a partnership with Kira Inc. Kira Diligence Engine is the leading software for faster and more accurate contract review and analysis. By leveraging the two platforms, the M&A due diligence process is dramatically streamlined through the partial automation of document review and abstraction. As a result, dealmaking is easier and more productive.
“We’re excited about this new relationship with Kira,” said Matt Porzio, vice president of strategy and product marketing at Intralinks. “Together, Intralinks Dealspace® and Kira Diligence Engine help ensure high-stakes transactions are brought to a fast close. The partnership will save our customers time and expense and help prevent costly human error during due diligence.”
Kira Diligence Engine uses machine learning to automate the extraction and analysis of key provisions across contracts that are reviewed during due diligence. Trusted on over $70 billion in transactions worldwide to date, Kira Diligence Engine enables faster and more accurate contract review, which expedites deal evaluation, negotiation, and closing.
“We are delighted with the Kira Diligence Engine software, which assists us in providing great value for our clients by streamlining the diligence process, while maintaining the high quality they expect of us,” said Elizabeth Ellis, Director of Knowledge Management of top-ranked international law firm Torys LLP.
“Intralinks is universally known and respected among corporate lawyers and other dealmaking professionals,” said Kira CEO Noah Waisberg. “We could not be happier with them as a partner.”
For more than 18 years, Intralinks has been serving the M&A community to simplify and accelerate the deal process. With the industry’s leading virtual data room, Intralinks Dealspace, Intralinks gives deal professionals the tools they need to help them manage the full M&A lifecycle - to get more deals done, faster.
Kira (formerly DiligenceEngine) is a Toronto-headquartered company that helps make review and analysis of contracts faster and more accurate. The company’s software has been trusted on over $70 billion worth of corporate transactions to date, and its clients include some of the world’s largest corporations and professional services firms. Kira was founded by former Weil, Gotshal & Manges LLP New York corporate lawyer Noah Waisberg, and Alexander Hudek, who holds a Ph.D in Computer Science from the University of Waterloo. For more information, visit https://kirasystems.com.
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Intralinks Holdings, Inc. (NYSE: IL) is a leading, global technology provider of secure enterprise content collaboration solutions. Through innovative Software-as-a-Service solutions, Intralinks software is designed to enable the exchange and control of information between organizations securely and compliantly when working through the firewall. More than 3.1 million professionals at 99% of the Fortune 1000 companies have depended on Intralinks' experience. With a 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 solutions. 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 Holdings, Inc.’s 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, 2014.
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“Intralinks,” “Intralinks Dealspace,” and Intralinks’ stylized logo are the registered trademarks of Intralinks, Inc. This press release may also refer to trade names and trademarks of other organizations without reference to their status as registered trademarks. © 2015 Intralinks, Inc.
Intralinks Holdings, Inc.
Intralinks Holdings, Inc.