Dillistone Group (DSG) , the software supplier for the recruitment industry, has been awarded a three year contract renewal by a “globally known recruitment organisation”.
The contract was, by value, the largest in the history of the Group.
Shares in Dillistone Group were up 41% following the news
The company said its GatedTalent division has seen acceleration in revenue, with a larger proportion of revenue being subscription based, allowing for “sustainable higher quality earnings”. It expects to be cash generating in Q4 2019.
Jason Starr, Chief Executive of Dillistone Group, said: "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."
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