Market Overview

Diligent Acquires Brainloop to Expand Governance Cloud Offering with Secure Virtual Data Rooms for the Enterprise


Transaction Combines Leading German Secure Communication and
Collaboration Company with the Enterprise Governance Management Leader;
Two Trusted Companies Committed to the Highest Standards of Data
Protection and Privacy

Diligent Corporation ("Diligent" or "the Company"), the leader in
enterprise governance management and the most trusted provider of secure
board collaboration solutions, today announced the completion of its
acquisition of Brainloop. Brainloop is the leading supplier of virtual
data room software used within the enterprise for high-security
collaboration on confidential documents. Headquartered in Munich,
Brainloop will become Diligent's continental European hub and will
continue to be led by its current management team, including Chief
Executive Officer Thomas Deutschmann and Chief Technology Officer Eike
Schmidt. The financial terms of the transaction were not disclosed.

Brainloop is the leading provider of secure cloud storage for
enterprises in Germany and throughout continental Europe. Brainloop
protects its customers' most important and sensitive data through
high-security applications and delivers efficient solutions for
communication, collaboration and the exchange of confidential
information. Founded in 2000, Brainloop today serves thousands of users
on six continents, including a number of blue-chip European corporations.

As part of Diligent, Brainloop will continue to operate as an
independent company and serve its clients under the Brainloop brand,
while having the opportunity to leverage Diligent's robust resources to
scale globally. Brainloop will maintain its customers' data in its
existing secure data centers throughout Europe. More than half of
Diligent's revenue is derived outside of the United States, and now,
combined with Brainloop, Diligent is the leading secure communication
and collaboration tool for enterprises in continental Europe. Together,
Diligent and Brainloop will offer a highly complementary product suite
to a global base of clients, including Diligent's industry-leading
Governance Cloud offering and Brainloop's high-security virtual data

"Diligent is committed to providing the tools that boards and leadership
teams need to manage their organizations securely and effectively, and
we are excited about this new capability to extend our Governance Cloud
offering more broadly across the enterprise," said Brian Stafford,
President and Chief Executive Officer of Diligent.

"We have long respected the trust and sterling reputation in Europe that
Thomas and Brainloop have established through their highly secure
virtual data room and collaboration solutions. Together, we look forward
to bolstering Diligent's presence in the high-growth DACH region and
throughout Europe and offer our clients world-class products at the
highest standards of security."

"Data security and privacy have always been of utmost importance to
Brainloop, and we are excited to find a partner in Diligent who cares as
deeply about security and client data privacy as we do," said Thomas
Deutschmann, Chief Executive Officer of Brainloop. "Diligent was looking
for a virtual data room to scale globally, and we are proud that they
found that in Brainloop. We look forward to delivering a broader
enterprise governance management solution to our clients, in partnership
with the Diligent team."

District Capital Partners served as the financial advisor, Willkie Farr
& Gallagher LLP served as the legal advisor and Spitzberg Partners
served as the strategic advisor to Diligent. ARQIS served as the legal,
tax and financial advisor to Brainloop.

About Diligent Corporation

Diligent is the leader in Enterprise Governance Management and provides
secure corporate governance and collaboration solutions to boards and
senior executives through its Governance Cloud offering. Over 14,000
clients in more than 90 countries and on all seven continents rely on
Diligent for secure distribution of board materials, as well as secure
messaging, integrated compliance, board evaluation and entity
management. Governance Cloud is the only solution that meets the
evolving governance needs of leading organizations. Visit
to learn more.

About Brainloop

Founded in 2000, Brainloop is a market-leading provider of highly
intuitive software-as-a-service (SaaS) solutions. These solutions enable
its customers to securely manage and collaborate on confidential
documents and information, both within the company and beyond.
Brainloop's customers comprise numerous Fortune, FTSE and DAX companies
across a wide range of sectors, both private and public. These customers
rely on Brainloop's regulatory and corporate compliance, collaboration
and process capabilities, as well as its complete portfolio of security
features. These features include full encryption, audit trail,
two-factor authentication, and provider and administrator shielding,
combined with a convenient and easy-to-use interface. To learn more,

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