What it is
Intralinks is one of the two institutional virtual data rooms (VDRs) for M&A, owned by SS&C Technologies since its $1.5 billion acquisition in 2018 and sold today as SS&C Intralinks. It is still alive and still shipping: we found no sale, shutdown, or sunset in the last 12 months, and DealCentre AI release notes run monthly through September 2026.
The lineup splits into three product lines:
- VDRPro — the classic data room, which Intralinks calls its flagship. UNshare (revoke access to a downloaded file after the fact), AI redaction of PII, dynamic watermarking, and audit reports.
- DealCentre AI — the newer deal platform, with modules for Prep, Marketing, Diligence, Management, DealVault (archive), Link (Intralinks’ own AI assistant), and Connect. It absorbed the buy-side DealVision tool, which mapped a seller’s room against the buyer’s diligence checklist.
- FundCentre AI — fundraising, AI-assisted DDQs, investor onboarding, and LP reporting through InvestorVision. Intralinks claims more than $1 of every $2 raised globally runs through it.
For legal ops the change that matters is DealCentre Connect, an MCP gateway that lets outside AI tools work inside the room instead of on exported copies. Intralinks names Claude, Harvey, Hebbia, Legora, Emma, Model ML, and Rogo as partners and says data room permissions, governance, and audit trails apply to every AI interaction. Partner dates: Hebbia went live on 2026-05-26; Harvey announced on 2026-06-04, with early access through its Connector Library from mid-June and general availability promised for Q3; Legora announced on 2026-06-05 for DealCentre AI customers “in the coming months”. A Legora user can only see and act on documents they are already entitled to in Intralinks; there is no separate permission set.
Security: Intralinks says it was the first VDR provider to earn ISO 27701 (privacy). Its homepage names no other certifications, so ask for the SOC 2 Type II report and ISO 27001 certificate in the security review instead of assuming them.
Pricing reality
Intralinks publishes no prices. Its own pricing guide lists four drivers: data volume, number of users, project duration, and required features. VDRPro, DealCentre AI, and FundCentre AI are all quoted.
What buyers report: Vendr’s Intralinks buyer guide, checked 2026-11-08, shows an average contract of $76,709 across 13 deals, from about $4,000 to $450,000. Thirteen deals is a small sample skewed by a few large ones, so the typical single-deal room sits well under the average. Competitor blogs (Peony, Papermark) put per-page pricing around $0.40-0.85; treat that as directional, since the authors sell against Intralinks. The bill grows with page volume, extensions past the planned close date, and add-on services such as redaction and translation, not with seats.
For scale: Papermark Data Rooms runs $119 a month on annual billing, under $1,500 a year. The gap runs from about 3x at Vendr’s floor to 50x at its average, and it pays for banker-grade Q&A, adviser familiarity, and the AI partner ecosystem.
Best for
Legal ops managers and deal counsel at PE funds, banks, corporates, and law firms who run or support sell-side or buy-side M&A with many bidders and a formal Q&A, where the sell-side adviser already works on Intralinks, and who want Harvey, Legora, or Hebbia to read the live room under the room’s own permissions. Also the default pick for GP fundraising and LP reporting, where Datasite’s lineup has no equivalent product.
Do not use it for a fundraising deck, partner document sharing, or a small asset sale with one or two buyers. Papermark covers that at a fraction of the cost.
Versus the alternatives
- Datasite — the other half of the institutional VDR market, with a stronger buy-side and market-intelligence suite (Grata, Blueflame AI) and ISO 42001 for AI governance. Pick Datasite when you want first-party MCP access from ChatGPT or Microsoft Copilot, neither of which Intralinks names as a partner, or when your adviser defaults to it. Pick Intralinks when your legal AI is Harvey or Legora (both integrate with each, so ask which connector is live for your tenant), when the deal sits inside an SS&C fund-administration relationship, or when you also need fundraising and LP reporting.
- iDeals — the mid-market VDR, quote-based, with no per-page charges according to iDeals. Pick it when the deal needs a proper Q&A module and audit trail but not an AI partner ecosystem.
- Papermark — the fastest-growing low-end entrant: open-source core, flat pricing, its own MCP server. Pick it for deals with a handful of counterparties where $1,500 a year beats a five-figure project quote.
Watch-outs
- Partner availability lags the announcements. Harvey promised Q3 general availability and Legora said “in the coming months”; neither has published a GA date we could find. Guard: before signing, have Intralinks and your AI vendor confirm in writing that the connector is live for your tenant, and run one test query against a sample room before bidders arrive.
- Connect requires DealCentre AI, not VDRPro. The Legora integration is scoped to DealCentre AI customers, and Intralinks describes Connect as part of DealCentre AI. Guard: name the product line and the Connect module on the order form; a VDRPro quote is not an AI-ready room.
- AI access widens who reads the room. The assistant inherits the user’s permissions, so a broad permission group now reaches an AI tool too. Guard: tighten permission groups before enabling Connect, and export the audit log of AI queries at close alongside the DealVault archive.
- Duration and volume overruns drive the bill. Guard: get the quote with an explicit cap on pages or GB, a per-month extension rate, and itemized prices for redaction and translation services.
Related on ooligo
Harvey, Legora, Hebbia, and Claude are the AI tools that read a DealCentre room over MCP. Kira Systems also integrates with Intralinks for contract review in diligence.