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

“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.

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