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MarketScreener Homepage  >  Equities  >  Nyse  >  Intralinks Holdings Inc    

INTRALINKS HOLDINGS INC

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IntraLinks Holdings, Inc. : IntraLinks Appoints Ronald W. Hovsepian New CEO

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12/16/2011 | 07:52am EDT
Former Novell CEO brings more than 28 years of proven success driving growth at technology companies

NEW YORK, Dec. 16, 2011 /PRNewswire via COMTEX/ --IntraLinks (NYSE: IL), a leading provider of critical information exchange solutions, today announced the appointment of Ronald W. Hovsepianas the company's new presidentchief executive officer effective asclose of business on December 15, 2011. Mr. Hovsepian was also appointed as a director to the company's board of directors.

"Ron is a proven leader with deep operational, technologybusiness experienceis well known for his participative style of leadership with partners, customersemployees," said Peter Gyenes, lead independent director of IntraLinks' board of directors. "With extensive experience as a public company CEOan impressive record of driving performance at large technology companies, we believe his leadership will help IntraLinks capitalize on the tremendous opportunity it is addressing."

Most recently, Mr. Hovsepian served as presidentchief executive officer of Novell, Inc. from 2006 until Novell's acquisition by The Attachmate Group in April 2011. He joined Novell in 2003 as executive vice presidentpresident, worldwide field operationsserved as presidentchief operating officer from 2005 until his appointment as chief executive officer in 2006.

Mr. Hovsepian has also held managementexecutive positions at of IBM's Distribution Industrya variety management roles which consisted of global , , . In addition, Hovsepian currently serves as the non-executive parent of .

"IntraLinks is a cloud pioneer that invented onefirst and, in my opinion, the best platform to exchange mission-critical information with business partners beyond the firewall while still assuring enterprise-level securitycompliance," said Mr. Hovsepian. "I am extremely excited to have the opportunity to lead a very talented group of IntraLinks employees in building upon this leadership foundation, to steward the company into the next phase of its growthdrive long-term shareholder value."

Mr. Hovsepian succeeds Andrew Damicowho has been with IntraLinks for more than 10 yearsserved as chief executive officer since August 2007. Mr. Damico, who has resigned as presidentchief executive officeras a directorcompany, has agreed to remain with the company through a transition period.

"Andrew Damico's contributions to IntraLinks cannot be overstated. Under his leadership, the company established a market leadership position, created a strong global presence,grew to over $200 millionin revenues, while also delivering strong profitabilitycash flow. We would like to sincerely thank him for his leadership, commitmentservice throughout the years," said Patrick J. Wack, chairmanboard of directors of IntraLinks.

About IntraLinks
IntraLinks is a leading global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business informationcollaborating withinamong organizations. More than 1 million professionals in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estatetechnology, as well as government agencies, have utilized IntraLinks' easy-to-use, cloud-based solutions. IntraLinks users can accelerate information-intensive business processesworkflows, meet regulatoryrisk management requirementscollaborate with customers, partnerscounterparties in a secure, auditablecompliant manner. Professionals at more than 800Fortune 1000 companies have used IntraLinks' solutions. For more information, visit or Facebook at .

Forward Looking Statements
This press release contains forward-looking statements that are made pursuant to the safe harbor provisionsPrivate Securities Litigation Reform Act of 1995. This press release contains express or implied forward-looking statements that are not based on historical information relating to, among other things, expectationsassumptions concerning management's forecast of financial performance, future business growth,management's plans, objectives,strategies. These statements are neither promises nor guarantees, but are subject to a variety of risksuncertainties, many of which are beyond our control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risksuncertainties include, among other things: the uncertainty of our future profitability; our ability to sustain positive cash flow; periodic fluctuations in our operating results; risks related to our substantial debt balances; our ability to maintain the securityintegrity of our systems; our ability to increase our penetration in our principal existing marketsexpand into additional markets; our dependence on the volume of financialstrategic business transactions; our dependence on customer referrals; our ability to maintainexpand our direct sales capabilities; our ability to developmaintain strategic relationships to selldeliver our solutions; customer renewal rates; our ability to maintain the compatibility of our services with third-party applications; competitionour ability to maintain our average sales prices; our ability to adapt to changing technologies; interruptions or delays in our service; international risks; our ability to protect our intellectual property; costs of being a public company;risks related to changes in laws, regulations or governmental policy including tax regulations. Further information on theseother factors that could affect our financial results is contained in our public filings with the SecuritiesExchange Commission (the "SEC") from time to time, including our Registration Statement on Form S-1 as amended (File No. 333-173107), which was declared effective by the SEC on April 6, 2011. Existingprospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only asdate hereof.

IntraLinks undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

SOURCE IntraLinks

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