World Bank Group Takes Collaboration Online; International Finance Corporation Selects IntraLinks for e-Business Needs

Business Wire, Sept 6, 2000

Business/Technology Editors

NEW YORK--(BUSINESS WIRE)--Sept. 6, 2000

IntraLinks, Inc. announced today that the International Finance Corporation (IFC), a member of the World Bank Group, has signed an extended subscription agreement for IntraLinks' online business-to-business solutions.

The IFC will use digital workspaces - IntraLinks' secure, neutral project worksites accessible via a web browser - to move complex international capital markets deals online, speeding transaction time, improving operating efficiency, and enhancing employee productivity.

A multilateral development institution that has placed over $18.4 billion through its loan syndication program, the IFC used traditional collaborative means before employing digital workspaces. IFC professionals, bankers, clients and advisers now work together at Internet speed in the digital workspace, deploying volumes of necessary confidential documents with an essential added component of security. With work processes streamlined and deals moving to market at a faster pace, IFC professionals now concentrate on more transactions without suffering a decrease in the quality of their work.

Stated Suellen Lambert Lazarus, Director of Syndications and the International Securities Department of IFC, "Our loans, policy advice and technical assistance are aimed at improving living standards in the developing world. Using IntraLinks, we are improving productivity in our own environment. Consequently, deals happen at a faster pace, allowing us to complete syndications more quickly and to mobilize financing more efficiently in the international markets."

James P. Dougherty, President and CEO of IntraLinks, stated, "The IFC should be praised for their deployment of modern e-business solutions to improve their means of financing private sector investments in emerging markets. We are pleased to provide the IFC with the digital workspaces it needs to foster increased productivity on an international scale."

About the International Finance Corporation

Today IFC is the largest multilateral source of loan and equity financing for private sector projects in the developing world. IFC finances and provides advice for private sector ventures and projects in developing countries in partnership with private investors and, through its advisory work, helps governments create conditions that stimulate the flow of both domestic and foreign private savings and investment. Its particular focus is to promote economic development by encouraging the growth of productive enterprise and efficient capital markets in its member countries. IFC participates in an investment only when it can make a special contribution that complements the role of market operators. It also plays a catalytic role, stimulating and mobilizing private investment in the developing world by demonstrating that investments there can be profitable. Since its founding in 1956, and as at June 30, 1999, IFC has committed more than $26.7 billion in financing for its own account and has arranged $18.4 billion in syndications and underwriting for 2,264 companies in 132 developing countries.

IFC coordinates its activities with the other institutions in the World Bank Group - the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA) and the Multilateral Investment Guarantee Agency (MIGA) - but is legally and financially independent, with its own Articles of Agreement, shareholders, financial structure, management and staff. Its share capital is provided by its 174 member countries, which collectively determine its policies and activities. Strong shareholder support and a substantial paid-in capital base have allowed IFC to raise most of the funds for its lending activities through its triple-A rated bond issues in the international financial markets.

About IntraLinks

IntraLinks (www.intralinks.com), the new digital workspace, provides services to enable business-to-business collaboration over the Internet. IntraLinks' services streamline completion of mission-critical projects while providing secure, neutral online environments where professionals can facilitate document-intensive business transactions. Easily accessible using a web browser, IntraLinks' services include secure hosting and global 24-hour customer support.

Since April 1997, over 50,000 participants have used IntraLinks' digital workspaces to communicate and collaborate on over 3,700 projects and transactions. An application service provider (ASP), IntraLinks currently serves the financial services, insurance, legal, pharmaceutical, professional services, real estate and technology vertical markets. Clients include: Banco Bilbao Vizcaya Argentaria; Bank of America; Brown, Gibbons, Lang & Company, L.P.; Canadian Imperial Bank of Commerce (CIBC) World Markets; Chase Manhattan Bank; Cravath, Swaine & Moore; DistressDebt; Ernst & Young; Heller Ehrman White & McAuliffe LLP; International Finance Corporation (World Bank Group); J.P. Morgan; KPMG; Linklaters; N.M. Rothschild & Sons; NVST.com; PNC Bank and WestLB (Westdeutsche Landesbank Girozentrale). Founded in June 1996, IntraLinks is headquartered in New York with additional offices in Boston, London, San Francisco, and Wilmington, DE.