RR Donnelley Forms Strategic Alliance With IntraLinks to
Offer Virtual Data Rooms to Thousands of Clients
Worldwide
NEW YORK and CHICAGO, Oct. 13 /PRNewswire-FirstCall/ -- R.R.
Donnelley & Sons Company (NYSE:RRD) is forming a strategic
alliance with IntraLinks, the leading provider of virtual data rooms
to the mergers and acquisitions (M&A) industry, to help RR
Donnelley clients take M&A due diligence online. The alliance
between RR Donnelley and IntraLinks represents an important evolution
of an existing relationship through which RR Donnelley's financial
printing division offers the IntraLinks Virtual Data Room to its
global client base of more than 3,000 law firms, corporations, banks,
private equity firms and other businesses. IntraLinks provides online
services for the secure exchange of confidential information
throughout the financial services industry.
The agreement formalizes RR Donnelley's position as the first
financial printer to offer the IntraLinks virtual data room solution
to its clients. The service complements RR Donnelley's comprehensive
suite of services, which includes content creation and management,
EDGAR and worldwide regulatory filing, translation, print production,
and distribution of regulatory and compliance documents.
"The future of M&A due diligence is online," said Terry
Trayvick, president of Financial Print Solutions at RR Donnelley.
"Responding to client needs with unparalleled solutions has enabled
us to be named the number one printer four years in a row by FORTUNE
magazine. Our partnership with IntraLinks allows us to provide to our
clients the best virtual data room on the market and to meet the full
scope of our clients' transaction management needs."
"By partnering with RR Donnelley, we can bring the benefits of
virtual data rooms to the global M&A community faster," said
Patrick Wack, president and CEO of IntraLinks. "We are excited to
continue this key strategic partnership. Like IntraLinks, RR
Donnelley recognizes the importance of trust and service in its
client relationships, and we look forward to working with them to
expand our presence in the market."
Sellers in M&A transactions traditionally set up physical
rooms filled with confidential documents for due diligence. Buyers
travel to these rooms to review the information for days or weeks at
a time. Using virtual data rooms, deal-related documents are uploaded
to a secure website where bidders can access them anytime, anywhere
through a Web browser.
Virtual data rooms cut an average of 30 days off M&A due
diligence time by allowing an unlimited number of bidder teams to
access deal information simultaneously. In most cases with physical
data rooms, only one bidder team can enter the room at a time.
During the course of a transaction, RR Donnelley plays a critical
role by ensuring documents reach regulators and investors in an
efficient and timely manner.
For more information about RR Donnelley's financial print
solutions, please visit their websites at
http://capitalmarkets.rrdonnelley.com/ and
http://fundcommunications.rrdonnelley.com/ .
About RR Donnelley
RR Donnelley (NYSE:RRD) is the world's premier full-service
global print provider and the largest printing company in North
America, serving customers in the publishing, healthcare,
advertising, retail, technology, financial services, and many other
industries. Founded 140 years ago, the company provides solutions in
commercial printing, forms and labels, direct mail, financial
printing, print fulfillment, business communication outsourcing,
logistics, online services, digital photography, and content and
database management. The largest companies in the world and others
rely on RR Donnelley's scale, scope and insight through a
comprehensive range of online tools, variable printing services, and
market-specific solutions. For more information, visit the company's
web site at http://www.rrdonnelley.com/
.
About IntraLinks
IntraLinks ( http://www.intralinks.com/
), the leading provider of digital workspaces, connects business
communities and accelerates 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 April 1997, more than 150,000 participants representing over
13,000 companies worldwide have used IntraLinks digital workspaces to
communicate and collaborate on more than 20,000 projects and
transactions. IntraLinks has been rapidly adopted by the financial
services and pharmaceutical markets. Over 250 global companies are
IntraLinks clients, including AstraZeneca Pharmaceuticals LP, Bank of
America, Bank One, Bear Stearns, Deutsche Bank, Dresdner Kleinwort
Wasserstein, Ernst & Young, FDIC, JPMorgan Chase, TD Securities,
Thomas Weisel Partners and WestLB. Founded in June 1996, IntraLinks
is headquartered in New York with offices in Boston and London.