Paris-La Défense, France, November 16, 2017 – DiliTrust (formerly EQUITY), a leading software solution provider in corporate governance, today announced the opening of an office in Luxemburg, marking an key step in its international development.
Having recently announced a €7 million funding and the opening of new offices in Milan and Dubai, DiliTrust is pursuing its international expansion. This new office reinforces its commercial presence in Northern Europe. With over 40 customers in the region, DiliTrust has demonstrated its capacity to meet the legal particularities of local businesses. AkzoNobel, Astorg Asset Management, RTL Group, SGBT and UCB are among its customers.
According to research firm Gartner, the governance market is expected to grow at a rate of 13.4% annually, to reach 7.3 billion dollars by 2020. “We share the same view – that the governance solutions market is very promising. Businesses will increasingly need to equip themselves with adapted and secure digital tools to cope with the growing amount of sensitive data, as well as legal risks and regulatory constraints,” said Yves Garagnon, CEO of DiliTrust. “Luxemburg is home to many major international holding groups, real estate and private equity companies, representing a strong growth potential for DiliTrust.”
Managed by Bruno Abbate, Honorary Auditor and Corporate Director certified by SciencesPo Paris, the Luxemburg office will offer, among other offerings, DiliTrust Exec, a service for managing boards of directors and committees. “The use of digital tools is a good practice in corporate governance management. DiliTrust is perfectly positioned to bring fund managers, among others, enhanced efficiency and security in the management of their boards of directors. The success of going paperless is not simply a question of technology, but rather a change in habits to ensure simple, effective governance” said Bruno Abbate.
“Our presence in Luxemburg will enhance our brand exposure in the Benelux countries” said Garagnon. “By offering SaaS-based multi-lingual solutions, our economic model enables us to expand around the world. Plus, our customers’ data does not fall under the jurisdiction of the U.S. Patriot Act. This gives us solid ground for building trustworthy partnerships with businesses looking for perfectly secure, simple and proven governance solutions.”
DiliTrust will be participating in the annual ILA Directors’ Day (Institut Luxembourgeois des Administrateurs) on November 28.