IntraLinks and Misys Form an Exclusive Partnership for Syndicated Lending Solutions
IntraLinks Holdings, Inc. (NYSE: IL) and Misys, the number one provider of financial services software, announced today an exclusive strategic partnership arrangement. The alliance is designed to better service participants in this $3.9 trillion dollar syndicated loan market by offering end-to-end process solutions that mitigate legal and operational risk and increase operational effectiveness.
Under the partnership arrangement, IntraLinks and Misys will significantly expand efforts in supporting the straight-through-processing of information that is critical to the lending process. As a first step, the two companies will be launching a major upgrade to the Lenderbridge connector that currently automates the provisioning of lender access to IntraLinks' virtual deal rooms directly from within Misys Loan IQ™. The upgrade embraces market standards in lender (counterparty) identifiers and enables the real time synchronization of fund-level entities by providing administrative agents with the ability to fully represent their legal lenders of record for each deal conducted on IntraLinks' platform. This upgrade will serve as a foundation for the launch of additional loan process solutions including the complicated process of administering amendment voting.
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