Dillistone Group PLC GatedTalent signs 100th client contract (9781F)

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RNS Number : 9781F

Dillistone Group PLC

27 February 2018

Dillistone Group Plc

("Dillistone" or the "Company")

GatedTalent signs its 100(th) client contract

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Dillistone Group Plc, the AIM quoted supplier of software for the international recruitment industry, is pleased to announce that its new GatedTalent business has reached a further landmark.

Launched at the World Executive Search Congress in October 2017, the Company today revealed that in less than five months GatedTalent has signed its 100th client contract. Contracts have been signed with organisations headquartered in more than 20 countries. In addition, the Company reports that the global nature of its clientele means that the platform has been licensed for use in more than 40 countries.

The Company has previously stated that GatedTalent is the fastest growing new product in its history. We are now pleased to report that demand has accelerated in February, with close to two new contracts being signed each working day in this month.

Subscription revenue for the product is now expected to be ahead of initial expectations.

Commenting, Jason Starr, Chief Executive at Dillistone Group, said:

"The take-up of GatedTalent by the search industry is a strong endorsement. Like us, they see that GatedTalent is an opportunity to transform how executives engage with recruiters.

"The international interest beyond the European borders is equally encouraging, demonstrating the global nature of the opportunity for GatedTalent.

"We have previously stated that we expect our clients - executive recruiters - to send "significantly more than" two million compliance messages through the platform. These messages are sent to executives for GDPR compliance reasons but can also double as an invitation for the executive to create a profile on the GatedTalent platform - it is these profiles which will drive long term revenue. A number of our clients have begun sending these messages and a number of executives have created profiles as a result of this. We expect these numbers to increase significantly as the May deadline for GDPR compliance approaches."

Enquiries:

 
 Dillistone Group 
  Plc 
 Mike Love           Chairman                         020 7749 6100 
 Jason Starr         Chief Executive                  020 7749 6100 
 Julie Pomeroy       Finance Director                 020 7749 6100 
 
 WH Ireland Limited (Nominated 
  adviser) 
                     Head of Corporate 
 Chris Fielding       Finance                         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.

This information is provided by RNS

The company news service from the London Stock Exchange

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February 27, 2018 02:00 ET (07:00 GMT)