Intralinks and Axiom launch an alliance which integrates Intralinks virtual data room with Axiom's Contracts Intelligence Platform
NEW YORK, June 26, 2018 /PRNewswire/ -- Intralinks, the world's leading Virtual Data Room (VDR) provider, and Axiom, the leading global alternative legal services provider which has supported more than $500 billion in corporate transactions, today announced that they have formed an alliance to provide new and existing clients innovative solutions for buy and sell-side due diligence and post-merger integration.
The alliance builds on Intralinks strategy of developing a suite of best-in-class services for deals. Alligning with Axiom further complements Intralinks' growing partner ecosystem, leveraging Axiom's talent and technology to accelerate contract review, unearth deal synergies and provide critical business insights.
"Our alliance with Axiom enables in-house counsel to leverage services from premier market leaders in managed legal services and VDRs for their strategic transactions," said Leif O'Leary, CEO of Intralinks. "Combining Axiom's Contracts Intelligence Platform with Intralinks' VDRs will provide enhanced insights into transactional diligence and help our mutual clients identify and address risks, and close their deal faster."
Axiom's Contracts Intelligence Platform is a purpose-built solution which uses state-of-the-art technology to speed the contract review process, reveal potential deal synergies and provide business-critical information in a clear, user-friendly portal. Axiom's solution accelerates contract review using artificial intelligence to collect and identify relevant clauses, then leverages experienced legal professionals to ensure data accuracy and interpret contractual language into structured, measurable data fields.
The alliance will create efficiencies in corporate transactions by:
- Reducing the diligence timeline by increasing transparency to bidders on select key contracts
- Accelerating and improving integration outcomes by identifying critical synergy opportunities resident in contracts
- Leveraging the security and permissions of Intralinks to ensure protection of sensitive and confidential data
Conor Miller, SVP of M&A Due Diligence and Integration Services at Axiom, said: "Clients are excited about the ability to accelerate deal timelines and integration results through the use of Axiom's Contracts Intelligence Platform. Coupling that with the security our clients associate with Intralinks to protect confidential data is a win for all parties in a transaction and sets the gold standard for how all deals should get done."
Intralinks' industry-leading virtual data rooms facilitate more than 6,000 transactions annually, serving a community of more than 4.1 million registered users. Intralinks' VDR is the leading solution for high-stakes, strategic transactions from M&A due diligence to partnership negotiation. Their VDR capabilities feature complete document security, self-launch data rooms, artificial intelligence and mobile access.
Axiom analyzes more than 10 million contract data points annually across Fortune corporate transactions and beyond. Axiom's Contract Intelligence Platform couples AI-driven analysis with powerful business intelligence capabilities, allowing users to visualize data and derive insights from a single source.
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NOTE TO EDITORS
Intralinks is a leading financial technology provider for the global banking, deal making and capital markets communities. As pioneers of the virtual data room, Intralinks enables and secures the flow of information facilitating strategic initiatives such as mergers and acquisitions, capital raising and investor reporting. In its 20-year history Intralinks has earned the trust and business of more than 99 percent of the Global Fortune 1000 and has executed over $34.7 trillion worth of financial transactions on its platform. www.intralinks.com
Axiom, a recognized leader in the business of law, provides tech-enabled legal, contracts, and compliance solutions for large enterprises. Axiom's solutions combine legal experience, technology, and data analytics to deliver work in a way that dramatically reduces risk, cost and cycle-time. The firm comprises 2,000-plus lawyers, professionals, process engineers and technologists who serve over half the Fortune 100 across 15 regions and 3 centres of excellence globally. www.axiomlaw.com