Global software-as-a-service vendor Intralinks is buying docTrackr, which provides document security and digital right management technology and also rolling out a new service that will provide users with pure control over data encryption keys.
"With the acquisition of docTrackr and the availability of customer managed encryption keys, Intralinks becomes the de facto standard for collaboration and file sharing of valuable information where security, privacy and regulatory compliance are key concerns," said Ron Hovsepian, CEO Intralinks, in a release.
"docTrackr's unique technology requires no plug-ins or viewers, allowing organizations to expand significantly their use of DRM without compromising user experiences. With docTrackr's technology integrated into the Intralinks platform, users have lifetime control over their data and always know how documents are being used and distributed," he added.
Intralinks said the $10 million acquisition is proof of its commitment to provide the best security and data privacy services. The docTrackr technology also includes document analytics, auditing capabilities, policy management and plug-in deployment.
"When we needed a collaboration solution for sharing sensitive financial and customer data, Intralinks was the obvious choice," said Ashish Shah, CEO SNS Technology. "Digital rights management and customer-managed keys make sure we're in control of our data at all times. A lot of companies talk about security and data privacy, but Intralinks actually delivers a solution we can trust."
The news comes at a time when businesses are dealing with increased security threats and data breaches, with some of the most notable happening in the retail space.
"The combination of Intralinks and docTrackr will result in a unique solution that provides powerful protection for business documents wherever they travel," said Clement Cazalot, CEO docTrackr.
Intralinks was ranked the top vendor in team platforms and social software sites market for the eighth consecutive year. The company, according to Gartner research, holds 18.8 percent market share. The team collaboration software market grew 15.7 percent in 2013, with Intralinks’ global revenue being the highest
