Diligent Announces Brand Refresh and Simplification of Company Name
JUNE 3, 2015, NEW YORK, NY — Diligent Corporation (NZX: DIL) (www.diligent.com) today announced its corporate name change to Diligent Corporation and the launch of its refreshed global brand.
Brian Stafford, President and Chief Executive Officer of Diligent, said, “We are excited to refresh our brand to bring it more in line with a company of Diligent’s global scale and momentum. The brand celebrates what Diligent stands for – highly secure, intuitive products used by boards and leadership teams – and the best customer service in the SaaS industry.”
He added, “With nearly US$90 million in annual revenue and healthy EBITDA margins, Diligent is one of the most successful companies in the SaaS industry. Yet beyond our clients and our prospects in the corporate governance community, very few people know of us. The refreshed Diligent brand will give us the opportunity to re-introduce ourselves to the market as an industry leader and a profitable global company of increasing scale.”
As of today, the company name Diligent Board Member Services, Inc. will be retired and the new era of Diligent will begin. It is an exciting time for the company. Alongside the change in company name, a fresh new version of the Diligent brand will be launched. It’s a brand that embraces the trust and familiarity of our existing 3,100+ unbelievably loyal clients, and one that will unify the company’s global presence to continue to win customers and support expansion into new regions, new industries and new products.
In addition to the changes we have made to the core Diligent brand, we have created a brand architecture for naming future Diligent products. Our secure board solution, Diligent Boardbooks, will now simply be Diligent Boards, a name signaling our category leadership and providing universal relevance to our international client base. This provides further clarity to the Diligent brand while maintaining the integrity of the product and service our team of almost 300 employees works so hard to deliver to the 96,000+ global users of Diligent Boards.
Diligent confirms that the name change from Diligent Board Member Services to Diligent Corporation is effective today, June 3, 2015 US. Diligent will continue to trade on the New Zealand Stock Exchange under the ticker symbol 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 50 countries 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 solution (formerly Diligent Boardbooks) speeds and simplifies how board materials are produced, delivered and collaborated on using iPad, Windows and web tools, removing the security concerns of doing this by courier, email and file sharing. Diligent is a publicly listed company with nearly US$90 million in annual revenue (NZX: DIL). 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, including without limitation Diligent’s revenue outlook for the second quarter and full year 2015. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. All forward lookingstatements 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.