Diligent Announces Reaching 500 Clients in the EMEA Region
LONDON – 30 JUNE, 2015 – Diligent Corporation (NZX: DIL) today announced that more than 500 organisations across Europe, the Middle East and Africa (EMEA) are using its Diligent BoardsTM (formerly Diligent Boardbooks) corporate governance and collaboration solution to produce and distribute confidential board information to their boards, management teams and committees. Included in this total are more than 40 FTSE 100 companies and more than 150 companies listed on the London Stock Exchange.
Outside of the UK, Diligent’s clients represent over 56% of the AEX 25 in the Netherlands, 13% of the DAX 30 in Germany, 15% of the CAC 40 in France and 20 organisations listed on the Johannesburg Stock Exchange.
Earlier this year, the company announced global revenue growth of 28% for 2014, with more than 96,000 directors, executives and administrators across the world using the Diligent Boards solution in over 3,100 companies. Globally, the client retention rate is 99%*, setting an industry standard for Software-as-a-Service (SaaS) companies. Revenue for the EMEA region alone increased by 45% in 2014.
These solid results come off the back of a number of notable investments in the EMEA region, including giving users the option to host their data within Europe in a data centre located in Frankfurt, Germany, with a disaster recovery site in Düsseldorf. In addition, the company announced that it had achieved ISO 27001 certification for the information management security of its Diligent Boards software. This has helped to attract and retain key customers in growth markets like Germany.
The company continues to expand throughout EMEA, with a number of strategic sales and account management hires as well as the opening of local offices for key countries, such as Switzerland, Spain and France. The Diligent Boards application is also now available in four key European languages alongside English (Spanish, French, German and Portuguese).
One of Diligent’s customers is FTSE 250 company Shaftesbury PLC, a real estate investment trust which invests in the heart of London’s West End, an area renowned for theatre, restaurants and entertainment. Penny Thomas, Company Secretary for Shaftesbury, said: “As a listed company with multiple board members, the security implications of sharing the board materials in paper format were a concern to us. Using the Diligent Boards solution has eliminated this security concern and greatly reduced the administrative time around producing and distributing board materials.”
“Our client base continues to grow throughout EMEA,” said Charlie Horrell, Managing Director for EMEA at Diligent. “We are seeing companies of all sizes turning to the Diligent Boards solution to reduce the time and resources needed to prepare and distribute confidential board materials securely.”
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 (formerly Diligent Boardbooks) solution speeds and simplifies how board materials are produced, delivered and collaborated on using iPads, Windows, PCs and the web, 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 revenue. 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 forwardlooking 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-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 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 “unavoidable” client reductions due to bankruptcy or M&A