Diligent is the leading provider of secure corporate governance and collaboration solutions for boards and senior executives. Over 3,100 clients in more than 60 countries and on all seven continents 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 via any device, removing the security concerns of doing this by courier, email and file sharing. Diligent is a publicly listed company (NZX: DIL) with nearly US$100 million in annual recurring revenue, based on previously reported revenue retention rates.
Type
Subsidiary
HQ
New York, US
Founded
2001
Diligent was founded in 2001 and is headquartered in New York, US
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Key People/Management at Diligent

Brian Stafford

Brian Stafford

Executive Director, Chief Executive Officer & President

Diligent Office Locations

Diligent has offices in Philadelphia, Mumbai, Singapore, Ciudad de México and in 14 other locations
New York, US (HQ)
1385 Broadway
Sydney, AU
06 1 Prince Albert Rd
Consolação, BR
2300 Av. Paulista
Montréal, CA
1000 Rue de la Gauchetière O
Paris, FR
56 Avenue Hoche
Frankfurt am Main, DE
49 Mainzer Landstraße
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Diligent Financials and Metrics

Summary Metrics

Founding Date

2001

Total Funding

$30 m

Investors

In total, Diligent had raised $30 m. Diligent is a subsidiary of Insight Venture Partners

Diligent Financials

Diligent's revenue was reported to be $99.31 m in FY, 2015 which is a 19.6% increase from the previous period.
Annual
USDFY, 2013FY, 2014FY, 2015

Revenue

64.8 m83.1 m99.3 m

Revenue growth, %

28%20%

Cost of goods sold

13 m17.5 m21.4 m

Gross profit

51.8 m65.6 m77.9 m
Quarterly
USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Revenue

15.6 m17.2 m19.1 m20.3 m21.4 m22.8 m24.1 m24.9 m

Cost of goods sold

3 m3.2 m3.7 m4 m4.1 m4.4 m4.9 m5.1 m

Gross profit

12.6 m14 m15.4 m16.4 m17.3 m18.4 m19.2 m19.8 m

Gross profit Margin, %

81%81%80%81%81%81%80%80%
Annual
USDFY, 2013FY, 2014FY, 2015

Cash

43.6 m70.8 m70.2 m

Accounts Receivable

1.8 m1.8 m6.1 m

Inventories

1.9 m3.2 m3.9 m

Current Assets

65.8 m79.9 m87 m
Quarterly
USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015

Cash

34 m36.4 m54.1 m61.7 m66.8 m65.2 m64.3 m68.8 m

Accounts Receivable

1.8 m2.2 m1.3 m1.7 m1.7 m3.6 m7.7 m8.3 m

Current Assets

48.1 m56.4 m68.7 m73 m77.3 m77.7 m81.1 m87.2 m

PP&E

5.3 m6.9 m9.4 m10.6 m10.9 m11.5 m12.7 m12.4 m
Annual
USDFY, 2013FY, 2014FY, 2015

Net Income

6.3 m8.9 m8.1 m

Depreciation and Amortization

1.6 m2.8 m3.9 m

Inventories

3.2 m3.9 m

Accounts Payable

4.7 m2.2 m3.7 m
Quarterly
USDQ2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015

Net Income

2.2 m2.2 m1.9 m2.5 m2.7 m3.1 m

Depreciation and Amortization

355 k515 k527 k661 k765 k850 k
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Diligent News and Updates

Clearlake invests in Diligent Corp

Clearlake Capital Group has made an undisclosed investment in Diligent, a provider of enterprise governance management software solutions. Diligent is a portfolio company of Insight Venture Partners. Morgan Stanley was lead adviser to Diligent Corporation and Insight Venture Partners on the transact…
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