Kenon Holdings Improves Directors’ Secure Mobility and Efficiency of Information Access with Diligent Boards
SINGAPORE – 17 JUNE 2015 — Diligent Corporation (NZX: DIL) (www.diligent.com) today announced that Kenon Holdings (NYSE: KEN), a global corporation that operates dynamic, primarily growth-oriented businesses, has signed on as a client for the Diligent Boards (formerly Diligent Boardbooks) software as a service solution.
Kenon’s business holdings and subsidiaries are at various stages of development, ranging from established, cash-generating businesses to early-stage development companies. Kenon’s primary businesses are IC Power, a wholly owned leading owner, developer and operator of power generation facilities in the Latin American, Caribbean and Israeli power generation markets, and Qoros, a China-based automotive company in which Kenon has a 50 percent equity interest.
Using the Diligent Boards solution, Mr. Robert L. Rosen, General Counsel at Kenon, said, “Our board materials are now produced, distributed and reviewed in a more efficient way. Virtual meetings can also be conducted anywhere, securely and efficiently, improving collaboration and connectivity across our organisation.”
According to Mr. Rosen, Kenon operates globally in a dynamic, high-growth and fastpaced environment, and having timely access to the right information is critical for everything from strategic business planning to decision-making.
“We also need to maintain high levels of corporate governance as we continue to develop our businesses and execute our strategy,” Mr. Rosen added. “Diligent has been our trusted partner and provides us an executive communications solution which is easy to use. It has increased the mobility of our directors and other executives in dispersed locations in accessing information in a very secure way.”
Al Percival, Managing Director of APAC for Diligent, explained, “Kenon Holdings is one of our most forward-looking clients in Asia. As Kenon’s directors and management are working in different locations right across the region, we are delighted that the Diligent Boards solution helps provide them with a highly secure and intuitive platform for reviewing and collaborating on time-sensitive information, no matter where they are located.”
ABOUT KENON HOLDINGS LTD.
Kenon is a newly incorporated holding company that operates dynamic, primarily growth-oriented businesses. The companies it owns, in whole or in part, are at various stages of development, ranging from established, cash-generating businesses to early-stage development companies. Kenon’s businesses consist of:
IC Power (100% interest) – a leading owner, developer and operator of power generation facilities in the Latin American, Caribbean and Israeli power generation markets;
Qoros (50% interest) – a China-based automotive company;
ZIM Integrated Shipping Services, Ltd. (32% interest) – an international shipping company;
Tower (24% of the currently outstanding shares of Tower) – a global foundry manufacturer, with shares traded on NASDAQ and the TASE; and
Two early-stage businesses in the renewable energy sector – Primus Green Energy, Inc. (91% interest), a developer of alternative fuel technology, and HelioFocus Ltd. (70% interest), a developer of solar technologies.
Kenon’s primary focus is to grow and develop its primary businesses, IC Power and Qoros. Following the growth and development of its primary businesses, Kenon intends to provide its shareholders with direct access to these businesses, when we believe it is in the best interests of its shareholders for it to do so based on factors specific to each business, market conditions and other relevant information. Kenon intends to support the development of its non-primary businesses, and to act to realize their value for its shareholders by distributing its interests in its non-primary businesses to its shareholders or selling its interests in its non-primary businesses, rationally and expeditiously. For further information on Kenon’s businesses and strategy, see Kenon’s publicly available filings, which can be found on the SEC’s website at www.sec.gov. Please also see www.kenon-holdings.com for additional information.
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 and Windows, 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 recurring 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 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-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.