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IntraLinks Acquires Savant Technologies

IntraLinks, which provides B2B Net-based services that allow businesses to collaborate and communicate with clients, business partners and advisers, acquired e-commerce consulting and solutions company Savant Technologies.

Savant, founded in 1996, has deployed fixed price e-commerce solutions including consulting, software and hardware for companies such as Computer Sciences Corp., De Puy OrthoTech, (a Johnson & Johnson company,) Infinium Software and Teradyne Inc. Financial terms of the acquisition were not disclosed.

"We've facilitated more than 1,500 transactions for the capital markets, legal, professional services and pharmaceutical sectors; 24,000 users in 92 countries have communicated and collaborated using IntraLinks," said Leonard Goldstein, IntraLinks' chief information officer.

"With Savant's high-caliber developers joining our team, IntraLinks will be able to more quickly deploy and enhance services for additional vertical markets."

In January, IntraLinks received $15 million in strategic funding from Chase Manhattan and Euclid/eCorporate Partners, bringing its investment total over the past year to $44 million.

IntraLinks, an application services provider, offers secure, neutral, online environments where professionals can organize and collaborate on document-intensive business processes and transactions.