Dillistone Group PLC Record month for Dillistone Systems in May
June 06 2016 - 1:00AM
RNS Non-Regulatory
TIDMDSG
Dillistone Group PLC
06 June 2016
6 June 2016
Dillistone Group Plc
Dillistone Systems announces record month for
FileFinder Anywhere implementations
Dillistone Group Plc, the AIM quoted supplier of software to the
recruitment industry, is pleased to announce that May 2016 was an
exceptionally good month for system implementations in its
Dillistone Systems division.
Since the launch of FileFinder Anywhere in September 2014, the
Dillistone Systems division has seen an increase in both new system
sales and client retention rates; the latter being principally
through system upgrades from former iterations of FileFinder to the
new FileFinder Anywhere suite. The Board noted an acceleration in
the Division's new business sales in the first quarter as part of
its most recent trading update.
May 2016 saw what the Directors believe to be the highest level
of implementations of licences in the 33 year history of the
business with over 800 upgraded and new licences installed on the
FileFinder Anywhere platform. This is a testament to how well the
new FileFinder Anywhere suite is being received by both new and
existing clients.
The majority of new FileFinder Anywhere licences sold are on a
Software as a Service (SaaS) basis, resulting in a dependable
future revenue stream for the Group, however with reduced impact on
short-term realised revenues as contract revenues are recognised
over a longer period.
Existing clients can upgrade to the new platform on a SaaS basis
in a cost effective way, paying for implementation and cloud or
browser services as required but without purchasing new software
licences. In most cases, for upgrades, the upfront fee will be
relatively small, although in other cases it may be a significant
five figure amount or, occasionally, higher.
As a result, whilst this announcement demonstrates a
considerable vote of confidence in the new platform it will not
materially change the financial out-turn for the current financial
year.
Jason Starr, Chief Executive of Dillistone Group Plc,
commented:
"We announced a month ago that our Dillistone Systems division
had enjoyed an exceptional start to the year, with a 70% increase
in our new business order book, as compared to the same period in
the previous year.
"I'm delighted to say that our implementation teams are working
- literally - around the clock to deliver on this growing demand
and May 2016 saw us move over 800 users onto the FileFinder
Anywhere platform. This is certainly one of the best months in the
history of the Division. More and more existing clients are
upgrading to FileFinder Anywhere while more and more new clients
are choosing FileFinder Anywhere over its old fashioned, Windows
based, competitors."
Enquiries:
Dillistone Group
Plc
Mike Love Chairman 020 7749 6100
Jason Starr Chief Executive 020 7749 6100
Julie Pomeroy Finance Director 020 7749 6100
WH Ireland Limited (Nominated
adviser)
Head of Corporate
Chris Fielding Finance 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 four trading businesses operating through two
divisions: Dillistone Systems, which targets the executive search
industry (www.dillistone.com); and Voyager Software, which targets
other recruitment markets (www.voyagersoftware.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 and ISV 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 06, 2016 02:00 ET (06:00 GMT)
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