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Diligent Board Member Services Ranked Number 156 Fastest Growing Company in North America on Deloitte's 2011 Technology Fast 500(TM)Attributes 640 Percent Revenue Growth to Board Portal Security, Intuitive Interface and Client Support (October 19, 2011)
NEW YORK, NY -- (Marketwire) -- 10/19/11 -- Diligent Board Member Services (NZX: DIL) today announced it ranked 156 on Deloitte's Technology Fast 500, ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Diligent grew 640 percent from 2006 to 2010.
Diligent's President and Chief Executive Officer, Alex Sodi, credits the Diligent Boardbooks® user-friendly interface, its top of the line client support services and its exceptional security features with the company's 640 % revenue growth.
"We are honored that Diligent ranked 156 on the 2011 Technology Fast 500 companies list," said Sodi. "With the release of our application for the Apple iPad we have seen even more growth and anticipate the demand for board portals to increase exponentially into 2012."
"Diligent Board Member Services, like all 2011 Technology Fast 500 companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most challenging economies in history," said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes Diligent for its remarkable accomplishment."
"We are pleased to honor Diligent Board Member Services as a 2011 Technology Fast 500 company," said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. "As one of the fastest growing tech companies in North America, Diligent has demonstrated excellence in technological innovation, entrepreneurship and rapid growth."
Overall, 2011 Technology Fast 500 companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.
About Deloitte's 2011 Technology Fast 500
Technology Fast 500, which was conducted by Deloitte & Touche LLP, a subsidiary of 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 2006 to 2010.
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 (NZX: DIL) www.boardbooks.com
Diligent Board Member Services, the world's leading board portal provider, currently serves over 1,200 boards and 21,000 individual directors, executives and administrators worldwide on the Diligent Boardbooks® platform. Boardbooks is an easy-to-use system which allows directors, executive and administrators to securely create, distribute, view and archive their board and committee materials within a Software-as-a-Service (SaaS) model. "Diligent Boardbooks" is a registered trademark of Diligent Board Member Services.
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