GatedTalent signs 100th client contract

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)
Chris Fielding	Head of Corporate 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.

 

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