RR Donnelley Forms Strategic Alliance With IntraLinks to Offer Virtual Data Rooms to Thousands of Clients Worldwide
October 13 2004 - 11:14AM
PR Newswire (US)
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. Use of Forward-Looking
Statements Except for historical information, this news release may
contain "forward-looking statements" as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Readers are cautioned not
to place undue reliance on these forward-looking statements and any
such forward-looking statements are qualified in their entirety by
reference to the following cautionary statements. All
forward-looking statements speak only as of the date of this press
release and are based on current expectations and involve a number
of assumptions, risks and uncertainties that could cause the actual
results to differ materially from such forward-looking statements.
Readers are strongly encouraged to read the full cautionary
statements described in RR Donnelley's and Moore Wallace's filings
with the U.S. Securities and Exchange Commission (SEC) and Canadian
securities regulatory authorities, as applicable, including the
section entitled "Management's Discussion and Analysis of Financial
Condition and Results of Operations" contained therein. RR
Donnelley disclaims any obligation to update or revise any
forward-looking statements. DATASOURCE: R.R. Donnelley & Sons
Company CONTACT: Investor contact for RR Donnelley, Dan Leib,
Investor Relations, +1-312-326-7710, E-mail, , or Media contacts
for RR Donnelley, Mark Kopelman, RR Donnelley Financial Print
Solutions, +1-212-341-7665, E-mail, , or Mike O'Mary, Corporate
Communications, +1-312-326-8481, E-mail, michael.j.o' , all of RR
Donnelley; or Media contact for IntraLinks, David Rosen, Walek
& Associates, +1-212-889-4113, E-mail, Web site:
http://www.rrdonnelley.com/ http://capitalmarkets.rrdonnelley.com/
http://fundcommunications.rrdonnelley.com/
http://www.intralinks.com/
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