LONDON (ShareCast) - (ShareCast News) - Recruitment software supplier Dillistone Group announced on Tuesday that its new GatedTalent business has reached a further landmark.
The AIM-traded firm said that GatedTalent, launched at the World Executive Search Congress in October, had now signed its 100th client contract.

Contracts had been signed with organisations headquartered in more than 20 countries, the board reported, adding that the global nature of its clientele meant that the platform had been licensed for use in more than 40 countries.

The company had previously stated that GatedTalent was the fastest growing new product in its history.

Dillistone added to that on Tuesday, reporting that demand had accelerated in February, with close to two new contracts being signed each working day during the month.

Subscription revenue for the product was now expected to be ahead of initial expectations.

"The take-up of GatedTalent by the search industry is a strong endorsement," said Dillistoone chief executive Jason Starr.

"Like us, they see that GatedTalent is an opportunity to transform how executives engage with recruiters."

Starr said the international interest beyond the European borders was equally encouraging, demonstrating the global nature of the opportunity for GatedTalent.

"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."

Starr said a number of Dillistone's clients had begun sending those messages, and a number of executives had created profiles as a result of that.

"We expect these numbers to increase significantly as the May deadline for GDPR compliance approaches."

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