Business
GatedTalent Update
GatedTalent Update.
About this update from Dillistone Group Plc
[{"type":"text","content":"\n \nRNS Number : 2716G Dillistone Group PLC 05 November 2018 \n\n \nDillistone Group Plc\n(\"Dillistone\" or the \"Group\")\nGatedTalent secures first member revenue\nand continued growth in member numbers\n \nDillistone Group Plc, the AIM quoted supplier of software for the international recruitment industry, is pleased to announce that its GatedTalent service, the platform allowing executive recruiters to engage with senior level executives, has achieved a number of significant milestones.\nMost notably, the service has seen its first revenue derived directly from executive members. Previously, all revenue through the platform has come from recruiters and, while core services will remain free for executives, the ability to generate revenues from enhanced membership services will enable the Group to deliver faster revenue growth.\nThe new services come against a backdrop of accelerating membership growth in October. Approximately 7,000 new members joined the platform in the month, an increase of more than 30% on September signups. September - which had previously been the best month for the service - was itself a 30% increase on August. \nCommenting on progress at GatedTalent, Jason Starr, Chief Executive of Dillistone Group, said:\n\"The GatedTalent database of executive talent is now significantly larger than the in-house databases of the majority of independent executive recruitment firms. If we sustain current momentum it has every prospect of reaching a size unmatched by all but the largest search firms.\n\"Furthermore, our platform stores up to date information on senior executives from more than 100 countries and, in many cases, contains information that is simply not available elsewhere. It is clear that the value of our platform to executive recruiter clients is growing, which should lead to an acceleration of the adoption of the GatedTalent product and it should also be increasingly impactful on sales of our core executive search product, FileFinder.\n\"Our ability to monetise our executive membership directly should help accelerate growth in revenues within the GatedTalent platform and this should impact on its path to profitability.\"\n \n \nEnquiries:\n \n\n\n\n\nDillistone Group Plc\n\n\n \n\n\n \n\n\n\n\nMike Love\n\n\nChairman\n\n\nVia Walbr...