Dillistone Group PLC Major Contract Award & GatedTalent Update (6916N)
January 22 2019 - 2:00AM
UK Regulatory
TIDMDSG
RNS Number : 6916N
Dillistone Group PLC
22 January 2019
Dillistone Group Plc
("Dillistone" or the "Group")
Major Contract Award and GatedTalent Update
The Board of Dillistone Group Plc, the AIM quoted supplier of
software for the international recruitment industry, is pleased to
announce that it has been awarded a three year contract renewal by
a globally known recruitment organisation. This contract
represents, by value, the largest in the history of the Group.
The Group's GatedTalent division has seen a continuing
acceleration in revenue, since its announcement on 5 November 2018,
as member services have come on line. The Board is pleased to
report that a larger proportion of Divisional revenue is
subscription based than had previously been anticipated, increasing
the Group's ability to deliver sustainable higher quality earnings.
While it still expects the Division to be loss making in 2019 as a
whole, the Board now expects that the business will make a
contribution and become cash generative in the final quarter of
2019.
The Board anticipates issuing a pre-close trading update, ahead
of its preliminary results for the year ended 31 December 2018, by
late February 2019.
Commenting on the start to the year, Jason Starr, Chief
Executive of Dillistone Group, said:
"We are pleased with progress across the Group late in 2018 and
into this year, not only with the significant award but also by the
progress at GatedTalent. Indeed, we have seen third party data
which suggests that GatedTalent has overtaken the previous market
leader, Bluesteps, in terms of website visitors and engagement.
"The increasing conversion of GatedTalent from a platform
generating revenue largely from recruiter transactions to one
increasingly generating revenue from member subscriptions has
proven highly successful. With member subscriptions growing
rapidly, the platform is giving us increasing options in how we
position our FileFinder executive recruiting CRMs."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquiries:
Dillistone Group
Plc
Mike Love Chairman Via Walbrook PR
Jason Starr Chief Executive
Julie Pomeroy Finance Director
WH Ireland Limited (Nominated
adviser)
Managing Director - Corporate
Chris Fielding Finance & COO CIB 020 7220 1650
Walbrook PR
Tom Cooper /
Paul Vann 020 7933 8780
0797 122 1972
tom.cooper@walbrookpr.com
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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END
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