Ann: OFFICE: DIL: Diligent appoints new CFO

• Release Date: 09/09/15 09:58
• Summary: OFFICE: DIL: Diligent appoints new CFO
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					DIL
09/09/2015 09:58
OFFICE
NOT PRICE SENSITIVE
REL: 0958 HRS Diligent Corporation (NS)

OFFICE: DIL: Diligent appoints new CFO

Diligent Corporation Appoints Seasoned SaaS Executive Michael Stanton as
Chief Financial Officer to Drive Ongoing Market Momentum and Financial Growth

Former Blackboard Inc. Senior Vice President of Finance and Treasurer Brings
to Diligent more than a Decade of Experience Delivering Consistent Revenue
and EBITDA Growth

NEW ZEALAND - September 9, 2015 - Diligent Corporation (NZX: DIL), the
Software-as-a-Service (SaaS) based platform for the secure electronic
production, distribution and collaboration of confidential information for
boards, committees and leadership teams, today announced the appointment of
SaaS industry veteran Michael Stanton as Chief Financial Officer (CFO),
effective September 9, 2015 (September 8, 2015 US ET), reporting to President
and Chief Executive Officer Brian Stafford. Stanton is responsible for the
company's global financial operations and corporate development.  Stanton
succeeds interim CFO and Corporate Controller Alex Sanchez, who will stay on
with Diligent as Vice President and Chief Accounting Officer.

"Michael's long-term experience in scaling a SaaS business combined with his
proven track record of maximizing shareholder value will be a tremendous
asset to Diligent as we drive to the next level of growth," Stafford said.
"By bringing additional strength to our leadership team, I'm excited about
the opportunity it gives us to accelerate our rapid emergence as a global
leader in secure collaboration SaaS, while continuing to offer best in class
customer experience to our global client base."

Stafford added, "I want to thank Alex Sanchez who did a great job as interim
CFO. I am pleased that he will stay on and continue to make improvements in
Diligent's accounting processes and internal controls."

"On behalf of the board, I'd first like to thank Alex Sanchez for an
excellent job and great effort over the past year as interim CFO," Diligent
Chairman David Liptak said. "Secondly, we are thrilled to welcome Michael
Stanton as our new CFO.  I'm confident that his terrific financial experience
and leadership skills will greatly support Diligent's growth initiatives and
profitability targets as we continue to build our business."
Stanton joins Diligent with nearly 20 years of experience spanning business
optimization, corporate finance, treasury and corporate development, most
recently serving as Senior Vice President of Finance and Treasurer at
SaaS-based education technology provider Blackboard Inc.  With more than a
decade at Blackboard, Stanton helped lead the company's successful IPO
efforts, which catapulted Blackboard to the top of the education technology
market.  He also helped grow the company to more than $650 million in
revenue, and during his tenure he led more than $4 billion in equity and debt
financings and 32 M&A transactions.

"Diligent's impressive revenue growth and profitability is a testament to its
stellar reputation for delighting clients and helping the world's top
executives and boards communicate and collaborate more securely," Stanton
said. "This is a tremendous time for SaaS solutions that tackle collaboration
and productivity in an environment where compliance and risk exposure
continue to increase in importance.  I look forward to working with Brian,
the board, and the Diligent team to further the company vision and expand
global awareness of Diligent and its impressive solutions."

Prior to Blackboard, Stanton held leadership positions at the international
financial and corporate communications consultancy, Dewe Rogerson, and CCA
Companies Inc., where he was responsible for forecasting, budgeting and
analysis of the company's lodging and gaming business. He holds a BA in
history from College of the Holy Cross.

About Diligent (NZX: DIL)

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 we
do not attract the most qualified and experienced employees 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
Laura Anderson,
Ph: 1-203-682-8267
[email protected]

Thomas N. Tartaro
Executive Vice President, General Counsel and Corporate Secretary
End CA:00269849 For:DIL    Type:OFFICE     Time:2015-09-09 09:58:56