Diligent Ranked 98th Fastest Growing Technology Company in North America
Diligent Board Member Services Ranked Number 98th Fastest Growing Company in North America on Deloitte’s 2014 Technology Fast 500™ Increased Board Adoption of iPad Solution and Expansion to Windows, Best-in-Class Security and Continued Dedication to Customer Service Excellence Contribute to 1,195 Percent Revenue Growth from 2009 to 2013
NEW YORK – NOV. 13, 2014 — Diligent Board Member Services, Inc. (NZX:DIL), provider of the Diligent Boardbooks® solution – the world’s most widely used board portal – today announced it ranked 98th on Deloitte’s 2014 Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America. Diligent grew 1,195 percent (with a revenue increase of $5.0 million to $64.8 million) from 2009 to 2013.
Alex Sodi, President and CEO of Diligent, credits this accomplishment to the increasingly strong demand for the easy-to-use and highly secure Diligent Boardbooks solution, and Diligent’s steadfast commitment to excellence in client service. In 2013, Diligent expanded its product suite to the Windows 8.1 operating system and the company achieved Global ISO 27001 Certification for its software.
“To be included once again on Deloitte’s Technology Fast 500™ list is an honor and validates our leading position in the SaaS category,” Sodi said. “Our technology is transforming the way that boards and administrators handle information sharing and collaboration for highly-sensitive and strategic decisions. The Diligent Boardbooks solution helps them do this in a more secure, efficient and effective way. We are excited about what the future holds and are confident Diligent will continue to set the platinum standard in our category.”
The Diligent Boardbooks tablet app and desktop solution provide board members with access to all board-related materials with the convenience of interactive features and advanced content management found in a digital solution.
ABOUT DELOITTE’S 2014 TECHNOLOGY FAST 500™
Technology Fast 500, conducted by Deloitte 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 2009 to 2013.
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.
ABOUT DILIGENT BOARD MEMBER SERVICES, INC.
Over 87,000 individual directors, executives and corporate secretaries worldwide rely on Diligent Board Member Services, Inc. (NZX:DIL) to speed and simplify how board materials are produced, delivered, reviewed and voted on. Providing the world’s most widely used board portal via iPad, Windows devices and browsers – Diligent has pioneered ease of use, stringent security, and superior training and support since 2001. Diligent Boardbooks provides directors and management with immediate access to their most time-sensitive and confidential information along with the tools to review, discuss and collaborate on it. It also helps administrative staff accelerate production and delivery, and corporate executives streamline board communications and decisions.
SAFE HARBOR STATEMENT
Statements made in this press release that state Diligent Board Member Services, Inc.’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 Board Member Services, Inc. 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 Board Member Services, Inc.’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 Boardbooks offerings, or keep pace with technological changes that impact the use of our product offerings, or suffer security breaches or service delays or interruptions, 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 Board Member Services, Inc.’s operations, markets, products, services, and other factors set forth in Diligent Board Member Services, Inc.’s updated Risk Factors filed as Item 1A to its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2014 for further information.