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Patrick J. Wack, Jr. Named
President & CEO of Intralinks
Co-Founder Takes Leadership Reins at Leading
Provider
of Digital Workspaces
NEW YORK, NY
Sept. 18, 2002
IntraLinks, Inc., the leading provider of secure online digital workspaces to
businesses in the financial services and pharmaceutical industries, today announced that Patrick J.
Wack, Jr., an IntraLinks' co-founder, has been named president and
chief executive officer of the company. Mr. Wack had been serving as the
company's interim CEO since March 2002. Russell Reynolds Associates
directed the search assignment.
"Over the past six months, we conducted an extensive search for
an individual equipped to take IntraLinks to its next stage of growth.
From the onset, Patrick Wack was a leading candidate. As we met
with many experienced candidates and conducted our due diligence,
it became clear that Patrick was the best choice we could make,"
said Milton J. Pappas of Euclid Partners, Chairman of IntraLinks
Board of Directors. "Despite the sluggish economy, Patrick has led
IntraLinks to strong results, posting five consecutive months of
positive operating income. The board is confident that Patrick will
build on this early record of success and drive IntraLinks to a
bright future."
Patrick Wack, Jr., 35, previously served as the company's executive
vice president of business development and chief operating officer.
Prior to co-founding IntraLinks in 1997, Patrick was a founding
shareholder, chief operating officer and a director at Professional
Sports Care Management, Inc. (PSCM), a public company. In five years
at PSCM, Mr. Wack helped propel the company from start-up to $50
million in annual revenues. In 1996, PSCM was merged into HealthSouth,
a Fortune 500 company. Prior to PSCM, Mr. Wack worked in a variety
of financial positions at GE Capital. He received a Bachelor of
Science in Engineering from Princeton University.
"I am delighted to have the opportunity to lead IntraLinks into its next
phase of growth and development. The increasing popularity of digital
workspaces is powerful evidence of the return on investment that businesses
are achieving by taking complex transactions and projects online," said
Patrick Wack. "We anticipate strong growth moving forward. IntraLinks is
recognized as the standard for distribution of business-critical
information for the syndicated loan lifecycle. We are leveraging our
experience and success to provide industry solutions for private equity
reporting and clinical drug trials, and are realizing significant adoption
in these markets."
About IntraLinks
IntraLinks (www.intralinks.com)
the leading provider of digital workspaces, enables companies to effectively
collaborate outside the enterprise on complex business. 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 100,000 participants representing over 3,000
companies worldwide have used IntraLinks digital workspaces to communicate
and collaborate on more than 10,000 projects and transactions. IntraLinks
has been rapidly adopted by the financial services, pharmaceutical, legal
and professional services markets. Over 100 global companies are
IntraLinks clients, including AstraZeneca Pharmaceuticals LP; Bank of
America; Bear Stearns; Chiron Corporation; Deutsche Bank; Ernst & Young;
FDIC; Houlihan Lokey Howard & Zukin; International Finance Corporation
(World Bank Group); JPMorgan Chase; TD Securities; Thomas Weisel Partners;
Wachovia Securities; and WestLB. Founded in June 1996, IntraLinks is
headquartered in New York with offices in Boston and London.
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