From the Wires
Diligent Board Member Services Ranked Number 121 Fastest-Growing Company in North America on Deloitte's 2012 Technology Fast 500™
By: PR Newswire
Nov. 16, 2012 03:00 AM
- Rapid iPad Adoption by Boards, Easy-to-Use, Secure Interface and Continued Focus on Customer Service Excellence Helps Company Achieve Revenue Growth of 941 Percent from 2007 to 2011
NEW YORK, Nov. 16, 2012 /PRNewswire/ -- Diligent Board Member Services (NZX:DIL), 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 ground-breaking 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."
Diligent previously ranked 156 as a Technology Fast 500™ award winner for 2011.
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.
About Diligent Board Member Services, Inc.
Over 2,300 boards and 46,000 individual directors, executives and board teams worldwide rely on Diligent Board Member Services, Inc. to speed and simplify how board materials are produced, delivered and reviewed. Providing the world's most widely used secure board portal, Diligent has pioneered ease of use, stringent security, and superior training and support since 2001. We serve 242 of the US Fortune 1000, 117 of the TSX, 33 of the FTSE 100 and a variety of private firms, not-for-profits and government agencies globally. Diligent is a public company with cumulative sales of $US 45.9 million. Our ranking in the 2012 Deloitte Technology Fast 500 places us among the fastest growing technology companies in America. Offices are located in New York (corporate headquarters), Montreal, London, Sydney, Melbourne, Christchurch, Singapore and Hong Kong.
Diligent Boardbooks® is a registered trademark of Diligent Board Member Services, Inc. with all rights reserved. ©2012 Diligent Board Member Services, Inc.
This document contains forward-looking statements within the meaning of the safe harbor provisions of the Securities Litigation Reform Act of 1995. Terms such as "expect," "believe," "continue," and "grow," as well as similar comments, are forward-looking in nature. Although the Company believes its growth plans are based upon reasonable assumptions, it can give no assurances that such expectations can be attained. Factors that could cause actual results to differ materially from the Company's expectations include: general business and economic conditions, competitive factors, raw materials purchasing, and fluctuations in demand. Please refer to the Company's Securities and Exchange Commission filings for further information.
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