On-Demand Operator IntraLinks Shoots for an IPO

Posted Apr 12th 2010 3:45PM by Tom Taulli
Filed under: Next Big Thing, Initial Public Offerings

Since 1999, IntraLinks has tried to go public twice, with the last time being 2005. But since then, the company's market -- on-demand software -- has surged in popularity.

So is time for another try at an IPO? Definitely. This week, IntraLinks filed the necessary papers with the Securities and Exchange Commision. The company plans to raise as much as $150 million.

Essentially, IntraLinks has a platform that allows for the secure management of content for a broad range of industries, such as financial services, pharma, energy and real estate. Examples of applications include the handling of M&A transactions, clinical trials and contract/vendor management.

In all, IntraLinks has 4,300 customers across 25 industries. According to Gartner, the company is the largest player for teaming and social software, with 25.6% global marketshare.

Last year, IntraLinks posted revenues of $140.7 million, with 33% from outside the US. The company has been cash flow positive since 2003.

Although, IntraLinks has $290 in long-term debt. The public offering should help to reduce this.

The underwriters on the IPO include Morgan Stanley (MS), Deutsche Banc Securities (DB) and Credit Suisse (CS).

Tom Taulli advises on business tax preparation and is also the author of a variety of books, including The Complete M&A Handbook. His website is at Taulli.com.

Tags: inthenews, Intralinks