Intralinks Acquires Cloud Infrastructure Company Verilume
Intralinks Holdings, Inc., a global content collaboration company, today announced the acquisition of Verilume, a Boston-based cloud infrastructure company. The acquisition builds on Intralinks’ strategy to provide its clients with business solutions for high-value content collaboration across boundaries, while also meeting stringent global data governance and security requirements. Verilume reduces the complexity of deploying and managing distributed cloud environments to deliver in-country or regional data locality and processing. As part of the acquisition, Verilume employees have joined Intralinks’ products and development teams.
Founded by former EMC and Goldman Sachs technology executives, Verilume is a startup company focused on reducing the complexity and time involved to deploy and manage distributed data centres and cloud infrastructures. Verilume provides expertise to more flexibly and dynamically manage operations within and across private, hybrid or public distributed cloud systems.
“Three years ago, the leadership team at Intralinks saw the global shift in data privacy regulations and realised that multi-national organisations would soon face enormous challenges regarding the sovereignty of their most sensitive content. The acquisition of Verilume advances Intralinks’ strategic vision to speed the delivery to market of new capabilities aimed at solving compliance and governance concerns,” said Ron Hovsepian, president and CEO of Intralinks. “The Verilume team adds depth to Intralinks’ expertise, which reinforces and enhances our commitment to protecting customers’ high-value information.”
Among those joining Intralinks are Verilume founders Dan Petrozzo and Mike Feinberg, two experienced technology executives with extensive backgrounds in product development, implementation and management. Petrozzo has held multiple senior roles in the financial services industry, including serving as a partner and global head of technology for investment management at Goldman Sachs and as chief information officer with Fidelity Investments. Feinberg previously served as general manager and senior vice president of EMC’s Cloud Infrastructure Group, where he led the development and go-to-market efforts of EMC’s Atmos cloud storage product. Earlier, Feinberg held the position of vice president and chief technology officer for network storage at Hewlett Packard.
At Intralinks, Petrozzo will assume the role of senior vice president, external operations and global support. In this role, he and his team will be responsible for delivering on Intralinks’ commitment to providing the highest levels of service and support to its customers. Feinberg will assume the role of senior vice president, development. In this role, he and his team will be responsible for all aspects of product development across the entire portfolio of services.
"The combination of Intralinks and Verilume provides enterprises with capabilities to retain complete data sovereignty when sharing with external parties," said Verilume founder Mike Feinberg. "The Verilume team is a natural fit for the Intralinks family, having experience creating large-scale, commercial cloud infrastructure products and services. Together, we will give enterprise CSOs, CTOs and data privacy officers the flexible platform they need to confidently and compliantly share their most valuable information outside of an organisation, between businesses and across borders.”
There is no change to the company’s previously issued financial guidance as a result of this acquisition.