Diligent Board Member Services Ranked Number 121 Fastest-Growing Company in
North America on Deloitte’s 2012 Technology Fast 500™
NEW YORK, NOVEMBER 19, 2013 — Diligent Board Member Services, Inc. (NZX: DIL) (www.boardbooks.com), provider of Diligent Boardbooks® – the world’s most widely used secure board portal – announced that it ranks 121 on Deloitte’s 2012 Technology Fast 500™ list, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Diligent grew 941 percent from 2007 to 2011. In 2011 alone, the company’s revenue increased 116 percent.
Alex Sodi, President and CEO of Diligent Board Member Services, attributes this accomplishment to Diligent’s unwavering commitment to excellence in client service and support, and the rapid adoption of the easy-to-use yet highly secure Diligent Boardbooks iPad app launched in 2010. The Diligent Boardbooks iPad app provides board members with access to all board-related materials with the convenience of interactive features and advanced content management found in a digital solution.
“We are thrilled to be included once again on Deloitte’s Technology Fast 500™ list, the pre-eminent technology awards program in North America,” said Sodi. “As innovators of technology to transform the way boards produce, consume and interact on their most important information, we are proud to provide the world’s most widely used secure board portal, serving more boards and users than anyone else in the category. We continue to see exceptionally strong demand for our iPad app, and expect the use of board portals to continue to rise into 2013 and beyond.”
“We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. “These groundbreaking companies have outpaced their competition and are reinventing the way we do business today.”
“The companies on the Fast 500™ list are among those that have demonstrated remarkable innovation, creativity and business savvy,” said Bill Ribaudo, partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). “As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of Diligent for this impressive accomplishment.”
ABOUT DELOITTE’S 2012 TECHNOLOGY FAST 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.