DealStream(tm): Best-in-class, Next-generation Loan Syndication Platform Delivered as a Service on Force.com Platform
NEW YORK and LONDON, Feb. 28, 2008 – IntraLinks, Inc., the leading provider of online workspaces for secure document exchange, today announced the launch of DealStreamTM, a next-generation deal management solution for the syndicated loan market, built on salesforce.com’s Force.com Platform. Working with salesforce.com–the market and technology leader in Software-as-a-Service (SaaS) and Platform-as-a-Service–reflects IntraLinks’ strategic commitment to providing its customers with the most powerful solutions available from the rapidly evolving SaaS market.
IntraLinks has leveraged salesforce.com’s market-leading Force.com Platform to create DealStream, a customized, comprehensive deal management solution for the loan syndication process. Through this integrated web-based platform, users can easily manage their syndications process and track and report the deal pipeline across a bank’s regional or global footprint. DealStream also facilitates investor communications, including a full suite of call-note, email, activity tracking and an easy-to-use report wizard to instantly generate custom reports.
“We’ve actively worked with our customer base to understand their most important needs and one thing is clear: complex, client-server solutions are not the answer,” said Andy Fieweger, vice president, product management at IntraLinks. “Working with salesforce.com is an opportunity to further elevate the standard for service in the syndicated loan market through an easy-to-use, web-based CRM solution that is tightly integrated with the IntraLinks workspace and provides global reach.”
“With DealStream, IntraLinks is showcasing the possibilities of what can be built and delivered on the Force.com Platform,” said Clarence So, chief marketing officer, salesforce.com. “Customers in the syndicated loan market can now choose an innovative and powerful solution from IntraLinks that is deployed completely as a service, removing the cost and complexity of installing and maintaining a client server based solution.”
Force.com Platform and the AppExchange
Force.com (http://www.force.com/) reinvents the traditional development, deployment and distribution of any business application with platform-as-a-service. Developers, customers and partners can use Force.com to easily create a new generation of on-demand applications and deploy them worldwide as a service. Force.com allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com’s AppExchange marketplace, enabling all the innovation that Force.com unleashes to be easily distributed to the entire on-demand community.
The AppExchange economy continues to expand, with thousands of customers installing applications via the AppExchange. Customers of all sizes can quickly and easily extend Salesforce with additional on-demand business applications available on the AppExchange, found at http://www.salesforce.com/appexchange/.
About IntraLinks
IntraLinks® On-Demand Workspaces(tm) connect business communities and accelerate the intelligent flow of information and documents among participants. Through IntraLinks’ secure, neutral, online environments, companies are better able to compete globally by accelerating essential business processes, simplifying communication and fostering rapid workflow. IntraLinks is easily accessible anywhere, anytime, using a web browser.
Since 1997, more than 700,000 participants representing over 80,000 organizations worldwide have used IntraLinks On-Demand Workspaces(tm) to communicate and collaborate on thousands of projects and transactions. IntraLinks has been adopted widely in the financial services and pharmaceutical industries, where its clients include AstraZeneca Pharmaceuticals LP, Bank of America, Bear Stearns, Deutsche Bank, FDIC, TD Securities, Thomas Weisel Partners and WestLB, among hundreds of others. Founded in 1996, IntraLinks is headquartered in New York with offices around the world
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