IntraLinks (NYSE: IL), a leading provider of critical information exchange solutions, today announced that IMG Partners LTD (IMG) has selected IntraLinks' cloud-based solutions to securely communicate with its global investor community. IMG, an independent private equity real estate fund manager focused on the Russian market, is using IntraLinks to raise its second fund, Russia Development Fund II.
"In the current fundraising environment, investors have significant demands for timely access to large quantities of due diligence information," said Stephen Terzolo, Investor Relations Manager at IMG. "Previously, IMG used traditional fundraising methods, such as postal mail, e-mail, courier services and on-site visits, to communicate with investors. As the global regulatory environment has evolved, there is now a need for a more secure and auditable conduit through which to share critical information with investors. Given these heightened compliance and regulatory requirements, IMG sought a secure online solution that would both adhere to these policies and facilitate the communication of information to investors. IMG ultimately selected IntraLinks due to its outstanding reputation and because the majority of our potential investors already use the platform."
With IntraLinks, IMG can now deliver secure access and share due diligence documents instantaneously with investors, giving the company the operational ability to execute a successful fundraise. IntraLinks also enables IMG to gain intelligence and accelerate the fundraising process by providing real time reporting to pinpoint the most interested investors and also reduces the risk of violating regulatory mandates by generating an audit trail for each document shared with investors.
"Given the fact that investors are more conservative in the current climate, private equity companies need to demonstrate operational competency and ensure information is readily accessible to help investors make informed decisions," said Derek Flynn, managing director and senior vice president sales for EMEA, IntraLinks. "IMG can now share confidential information quickly and securely, whilst retaining control, enabling them to focus on the fundraising strategy rather than time intensive administrative tasks."