Diligent Achieves Global Growth Milestones, Surpassing 100,000 Users as Boards and Senior Leadership Embrace SaaS
Users From 62 Countries Across Seven Continents and More Than 35 Percent of the Fortune 1000 Leverage Diligent Boards
NEW ZEALAND – JULY 29, 2015 — Diligent Corporation (NZX: DIL) announced its continued growth, surpassing 100,000 users of its Diligent BoardsTM solution. The Software-as-a-Service (SaaS) based platform transforms how companies manage the secure electronic production, distribution and collaboration of confidential information to their boards, committees and leadership teams.
Diligent is now more than double the size of its nearest competitor in terms of clients and is a truly global provider. It has clients in over 60 countries and users on all seven continents – even Antarctica.
Additionally, more than 35 percent of the Fortune 1000 uses Diligent Boards. The solution remains the most widely used of its kind and Diligent has a 99 percent* client retention rate, one of the best in the SaaS industry. Diligent Boards drastically simplifies collaborative business and governance as a strategic enabler for securely receiving and reviewing board materials through any device.
“Collaborating across a board can be difficult in most organizations, but it is even more of a challenge when you need to work in remote locations such as Antarctica,” said Peter Smith, General Manager, Corporate Services and Strategy of Antarctica New Zealand, a government entity responsible for developing, managing and executing activities in Antarctica and the Southern Ocean. “Diligent Boards is an easy-to-use and secure tool that keeps our board aligned and enables us to collaborate and make key decisions to help support our organization’s activities in respect to Antarctica.”
Last month, Diligent received a Gold Stevie® Award in the “Customer Service Team of the Year” category and a Silver Stevie® Award in the “Customer Service Department of the Year” category, recognizing the company’s continued dedication to providing its more than 100,000 users with exemplary service ̶ regardless of their locations.
“The momentum we’re experiencing is extremely vital as it illustrates a shift in senior leadership’s understanding and value of SaaS services. Companies around the globe are increasingly trusting their most important and sensitive materials to Diligent,” said Brian Stafford, President and Chief Executive Officer of Diligent Corporation. “The lack of visibility around SaaS adoption in broader enterprise and executive settings is at a turning point. Some board members may not even know that Diligent Boards is a SaaS tool as its secure and intuitive design, empowers effective information flow around the most business critical decisions using the cloud.”
ABOUT DILIGENT CORPORATION (NZX: DIL)
Diligent is the leading provider of secure corporate governance and collaboration solutions for boards and senior executives. Over 3,100 clients in more than 60 countries and on all seven continents rely on Diligent to provide secure, intuitive access to their most time-sensitive and confidential information, ultimately helping them make better decisions. The Diligent Boards (formerly Diligent Boardbooks) solution speeds and simplifies how board materials are produced, delivered and collaborated on via any device, removing the security concerns of doing this by courier, email and file sharing. Diligent is a publicly listed company (NZX: DIL) with nearly US$90 million in annual recurring revenue, based on previously reported revenue retention rates. Visit www.diligent.com to learn more.
SAFE HARBOR STATEMENT
Statements made in this press release that state Diligent’s or management’s intentions, beliefs, expectations or predictions for the future are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. All forward-looking statements are only as of the date of this press release and Diligent undertakes no obligation to update or revise them. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause Diligent’s actual results to differ materially from those projected in such forward-looking statements. For example, if we do not successfully develop or introduce new product offerings, or enhancements to our existing Diligent Boards (formerly Diligent Boardbooks) offerings, or keep pace with technological changes that impact the use of our product offerings, we may lose existing customers or fail to attract new customers and our financial performance and revenue growth may suffer. Factors which could cause our actual results to differ materially from those projected in forward-looking statements include, without limitation, economic, competitive, regulatory and technological factors affecting Diligent’s operations, markets, products, services and other factors set forth in Diligent’s Risk Factors filed as Part II, Item 1A to its Quarterly Report on Form 10-Q filed with the SEC on May 11, 2015
*Based on number of clients and excluding client reductions due to dissolution of a board (e.g., M&A or bankruptcy)