Diligent is the leading provider of secure corporate governance and collaboration solutions for boards and senior executives. Over 100,000 board members and executives in more than 60 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 (formerly Diligent Boardbooks) solution speeds and simplifies how board materials are produced, delivered and collaborated on using iPads, Windows devices, PCs and the Web, removing the security concerns of doing this by courier, email and file sharing. Diligent is a publicly listed company (NZX: DIL) with nearly US$90 million in annual recurring revenue, based on previously reported revenue retention rates.
Diligent uses the Software-as-a-Service (SaaS) model to distribute its Diligent Boards application to the market and maintain the security and integrity of its clients’ data. Under this model, Diligent offers annual renewable subscriptions for customer access to its Diligent Boards product which is hosted on Diligent’s secure servers, and offers a complete suite of related services including training, support, data migration and data security/backup.