Dillistone Group PLC GatedTalent Update (2716G)

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RNS Number : 2716G

Dillistone Group PLC

05 November 2018

Dillistone Group Plc

("Dillistone" or the "Group")

GatedTalent secures first member revenue

and continued growth in member numbers

Dillistone Group Plc, the AIM quoted supplier of software for the international recruitment industry, is pleased to announce that its GatedTalent service, the platform allowing executive recruiters to engage with senior level executives, has achieved a number of significant milestones.

Most notably, the service has seen its first revenue derived directly from executive members. Previously, all revenue through the platform has come from recruiters and, while core services will remain free for executives, the ability to generate revenues from enhanced membership services will enable the Group to deliver faster revenue growth.

The new services come against a backdrop of accelerating membership growth in October. Approximately 7,000 new members joined the platform in the month, an increase of more than 30% on September signups. September - which had previously been the best month for the service - was itself a 30% increase on August.

Commenting on progress at GatedTalent, Jason Starr, Chief Executive of Dillistone Group, said:

"The GatedTalent database of executive talent is now significantly larger than the in-house databases of the majority of independent executive recruitment firms. If we sustain current momentum it has every prospect of reaching a size unmatched by all but the largest search firms.

"Furthermore, our platform stores up to date information on senior executives from more than 100 countries and, in many cases, contains information that is simply not available elsewhere. It is clear that the value of our platform to executive recruiter clients is growing, which should lead to an acceleration of the adoption of the GatedTalent product and it should also be increasingly impactful on sales of our core executive search product, FileFinder.

"Our ability to monetise our executive membership directly should help accelerate growth in revenues within the GatedTalent platform and this should impact on its path to profitability."

Enquiries:

 
 Dillistone Group 
  Plc 
 Mike Love                        Chairman                                     Via Walbrook PR 
 Jason Starr                      Chief Executive 
 Julie Pomeroy                    Finance Director 
 
 WH Ireland Limited (Nominated 
  adviser) 
                                  Managing Director - Corporate 
 Chris Fielding                   Finance & COO CIB                              020 7220 1650 
 
 Walbrook PR 
 Tom Cooper / 
  Paul Vann                                                                      020 7933 8780 
                                                                                 0797 122 1972 
                                                                     [e-mail] 
 
 

Notes to Editors:

Dillistone Group Plc (www.dillistonegroup.com) is a leader in the supply and support of software and services to the recruitment industry. It has five brands operating through three divisions: Dillistone Systems, which targets the executive search industry (www.dillistone.com); Voyager Software, which targets other recruitment markets (www.voyagersoftware.com); and GatedTalent, the next generation executive recruitment platform (www.GatedTalent.com).

Dillistone has made three acquisitions: Voyager Software in September 2011, FCP Internet in July 2013 and ISV Software in September 2014. The Group operates under the FileFinder, Infinity, Evolve, ISV and GatedTalent brands.

Dillistone was admitted to AIM, a market operated by the London Stock Exchange plc, in June 2006. The Group employs over 100 people globally with offices in London (head office) Basingstoke and Southampton, Frankfurt, New Jersey and Sydney.

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November 05, 2018 02:00 ET (07:00 GMT)