Dillistone Group Plc, the AIM quoted supplier of software for the international recruitment industry, is pleased to announce that its new GatedTalent business has reached a further landmark.
Launched at the World Executive Search Congress in October 2017, the Company revealed that in less than five months GatedTalent has signed its 100th client contract. Contracts have been signed with organisations headquartered in more than 20 countries. In addition, the Company reports that the global nature of its clientele means that the platform has been licensed for use in more than 40 countries.
The Company has previously stated that GatedTalent is the fastest growing new product in its history. We are now pleased to report that demand has accelerated in February, with close to two new contracts being signed each working day in this month. Subscription revenue for the product is now expected to be ahead of initial expectations.
Commenting, Jason Starr, Chief Executive at Dillistone Group, said:
"The take-up of GatedTalent by the search industry is a strong endorsement. Like us, they see that GatedTalent is an opportunity to transform how executives engage with recruiters. The international interest beyond the European borders is equally encouraging, demonstrating the global nature of the opportunity for GatedTalent."
Starr continues: "We have previously stated that we expect our clients - executive recruiters - to send "significantly more than" two million compliance messages through the platform. These messages are sent to executives for GDPR compliance reasons but can also double as an invitation for the executive to create a profile on the GatedTalent platform - it is these profiles which will drive long term revenue. A number of our clients have begun sending these messages and a number of executives have created profiles as a result of this. We expect these numbers to increase significantly as the May deadline for GDPR compliance approaches."
SOURCE: STOCK EXCHANGE ANNOUNCEMENT