Ann: ASSET: DIL: Diligent Acquires BoardLink from Thomson Reuters

• Release Date: 20/10/15 09:07
• Summary: ASSET: DIL: Diligent Acquires BoardLink from Thomson Reuters
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					DIL
20/10/2015 09:07
ASSET
NOT PRICE SENSITIVE
REL: 0907 HRS Diligent Corporation (NS)

ASSET: DIL: Diligent Acquires BoardLink from Thomson Reuters

October 20, 2015

Diligent Acquires BoardLink from Thomson Reuters

Acquisition Bolsters Diligent's Leading Position in Corporate Governance and
Collaboration as a SaaS provider for Boards and Leadership Teams

WELLINGTON, New Zealand, October 20, 2015 - Diligent Corporation (NZX: DIL)
("Diligent" or the "Company"), the Software-as-a-Service (SaaS) based
platform for the secure electronic production, distribution and collaboration
of confidential information for boards and leadership teams, today announced
that it has acquired all assets of BoardLink, a SaaS provider of board and
leadership team collaboration solutions, from Thomson Reuters (NYSE: TRI).

Organizations around the world are increasingly embracing the use of SaaS
solutions to create, manage, and collaborate on critical business
information. The acquisition of BoardLink strengthens Diligent's position as
the world's leading provider of corporate governance and collaboration SaaS
solutions for boards and senior executives. Diligent's acquisition of
BoardLink increases the Company's presence in a large and attractive market
by adding more than 250 new clients and approximately 9,000 users to
Diligent's global community of executives and board members.

"We are excited to welcome the BoardLink team and clients to Diligent," said
Brian Stafford, Chief Executive Officer and President of Diligent. "BoardLink
brings a great team of professionals and a large, global customer base to
Diligent. There is a strong alignment between our two companies and we are
excited to give BoardLink's clients access to Diligent's world-class
products, leading security features, and award-winning customer service. The
acquisition of BoardLink aligns well with our growth strategy and provides us
with a broader platform to expand and innovate from in the future."

"Thomson Reuters and Diligent share a common objective of providing high
quality service to our global client base. As the world's leading provider of
secure collaboration and governance solutions for boards and leadership
teams, we believe that Diligent will be able  to support BoardLink's clients
with the investment and focus necessary for them to continue to enjoy the
best service available," said Phil Cotter, managing director, Risk, Thomson
Reuters.

Diligent-BoardLink Transaction Details

Commenting further on the transaction Michael J. Stanton, Diligent's Chief
Financial Officer stated, "Like Diligent, Boardlink operates an annual
subscription business model with high client retention rates and great
customers. These are all key contributors in building a successful SaaS
business and reasons why I believe Boardlink will enhance Diligent's
operating leverage. By combining the two businesses we can deliver more value
to clients while enhancing growth and profitability for shareholders."

Under the terms of the agreement, Diligent paid approximately $US 10.0
million in cash for the Thomson Reuters BoardLink business.  For the fourth
quarter ending December 31, 2015, Diligent management expects BoardLink to
contribute nominally to revenue and to be neutral, on a non-GAAP basis, to
adjusted net income per share .  Diligent management expects the BoardLink
acquisition to be accretive, on a non-GAAP basis, to full year 2016 adjusted
net income per share. Diligent will provide more details about the
acquisition and its expected impact on financial results on its third quarter
2015 earnings call which is scheduled to be held on November 10, 2015 NZDT
(Monday, November 9, 2015 US ET).

District Capital Partners acted as exclusive financial advisor to Diligent in
the transaction.

About Diligent

Diligent is the leading provider of secure corporate governance and
collaboration solutions for boards and senior executives. Over 3,300 clients
in more than 60 countries and on all seven continents 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 via any
device, removing the security concerns of doing this by courier, email and
file sharing. Diligent is a publicly listed company (NZX: DIL) with nearly
$US 100 million in annual recurring revenue, based on previously reported
revenue retention rates. Visit www.diligent.com to learn more.

Safe Harbor Statement

Statements made in this press release that state Diligent's or management's
intentions, beliefs, expectations, or predictions for the future are
forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995. Readers are cautioned that these statements
are only predictions and may differ materially from actual future events or
results. All forward looking-statements are only as of the date of this press
release and Diligent undertakes no obligation to update or revise them. Such
forward-looking statements are subject to a number of risks, assumptions and
uncertainties that could cause Diligent's actual results to differ materially
from those projected in such forward-looking statements. For example, if our
new products and features do not fit with our customers' needs, our financial
performance and revenue growth may suffer. Factors which could cause our
actual results to differ materially from those projected in forward-looking
statements include, without limitation, economic, competitive, regulatory and
technological factors affecting Diligent Corporation's operations, markets,
products, services and other factors set forth in the Company's Risk Factors
included in its Annual Report on Form 10-K filed with the SEC on March 16,
2015.

Investor inquiries:  Media inquiries:
William Maina
NZ toll free: 0800 995 082
International: +1-646-277-1236
[email protected]
 Geoff Senescall
Ph: + 64 21 481 234
or
ICR, Inc. for Diligent
Austin Taczli,
Ph: 1-646-277-1235
[email protected]

Lemuel Brewster
Thomson Reuters
Senior Public Relations Director, Financial & Risk
Office +1 646-223-5147
Mobile +1 917-805-1089
[email protected]

Shawn Lankton
Chief Marketing Officer
End CA:00271998 For:DIL    Type:ASSET      Time:2015-10-20 09:07:03