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Diligent Corporation

Diligent Corporation

Provides governance, risk, and compliance solutions

About

Diligent provides governance, risk, and compliance (GRC) solutions through a software-as-a-service (SaaS) platform. Their tools help organizations manage board activities, ensuring operations are clear, simple, and secure. Clients range from large enterprises to government and non-profit organizations, all needing effective governance frameworks. Diligent operates on a subscription model, allowing clients to access a suite of software tools that streamline board management, ensure compliance with regulations, and support environmental, social, and governance (ESG) commitments. This comprehensive platform helps clients make informed decisions and mitigate risks. Diligent stands out from competitors by focusing on data security, user privacy, and a user-friendly interface. The company's goal is to assist organizations in navigating regulatory challenges and achieving their ESG objectives.

Company Stage

IPO

Employees

1,001-5,000

Industries

Enterprise Software

Total Funding

$35M

Headquarters

N/A

Founded

1994


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Simplify's Take

What believers are saying

  • Diligent's continuous innovation, such as the launch of the ESG module and Board Reporting for Audit, positions it as a leader in the GRC space.
  • The company's strategic partnerships with firms like Clarity AI and PwC Canada enhance its service offerings and market reach.
  • Diligent's subscription-based model ensures a steady revenue stream, allowing for sustainable growth and scalability.

What critics are saying

  • The highly competitive GRC market requires Diligent to continuously innovate to maintain its edge.
  • Data breaches, such as the one involving Leidos, can damage the company's reputation and client trust.

What makes Diligent Corporation unique

  • Diligent's comprehensive GRC platform integrates governance, risk, compliance, and ESG, offering a one-stop solution unlike many competitors who focus on individual aspects.
  • The company's strong emphasis on data security and user privacy sets it apart in a market where regulatory compliance is paramount.
  • Diligent's user-friendly interface and innovative tools like Policy Publisher and Market Intelligence empower clients to make informed decisions efficiently.

Growth & Insights
Headcount

6 month growth

7%

1 year growth

10%

2 year growth

61%

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