Diligent sales growth slows in fourth quarter, accelerates European expansion

Mon, 13 Jan 2014

By Paul McBeth Jan. 14 (BusinessDesk) - Diligent Board Member Services, the governance software developer, said sales growth slowed in the last three months of 2013, and it has decided to speed up its expansion plans in Europe. The New York-based company added 145 net new clients in the three months ended Dec. 31, compared to 193 a year earlier. It lifted its cash balance US$8.7 million to US$56.1 million in the quarter, for an annual increase of US$22.8 million. As at Dec. 31 it had 2450 companies and 3,405 boards as clients, with a custom...

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