Diligent Boardbooks IPO

[goldfish]

lol, it was my problem only a year back as well. The market taught me that good things come to those who wait, and that you make a lot more money being a slothful investor than a trade-everyday investor (as long as the company you invested in is doing well!). DIL is a long-term hold and watch the money pile up stock. It's growth story is about to continue and the positive potentials far outweigh any negatives, it just the market its sweet time to realise this, unlike with XRO. Be patient goldfish, be patient!

Wise words from a wise moose. Will try but i can promise anything.

[MAC]

Has anyone access to market research or opinion on ICSA's BoardPad2 product as forward competition to DIL.

They do seem to be accumulating some of the larger corporates now, HSBC, Virgin, etc ?

http://www.icsasoftware.com/boardpad...FQpgpQod3BEAWQ
http://www.icsasoftware.com/clients/new_clients.asp

[MAC]

They have standing clients too: http://www.icsasoftware.com/clients/index.asp

Certainly there is something to be said for DIL being first in the market and the market leader, and of course they have a 97% retention rate.

It maybe these guys will get to nibble around the edges, who knows they may be just enough competition to keep DIL innovative and progressing.

[Amor Fati]

Most of the ICSA clients are using Blueprint 2000 Company Secretary System for data compliance input not the Blueprint Boardpad2, ICSA also have Blueprint OnBoard, both platforms do the same thing pretty much, odd?

ICSA is quite tekkie, most directors want easy and simple as it is hard enough just wading your way through all those documents.

ICSA is 24/6?

Looks like Virgin Media has jumped iPads, from ICSA to Diligent?

http://www.icsasoftware.com/clients/...PagePosition=8
http://www.boardbooks.com/overview-clients/

Feel free to correct me if I have it wrong.

DIL - Holding

[Banksie]

ICSA is quite tekkie, most directors want easy and simple as it is hard enough just wading your way through all those documents.

Welcome to the forum Amor Fati and thanks or the information.

Audience targeting it what can make or break a product like this. No matter how much sense it makes from an IT perspective if the users (who happen to be the most powerful people in the organisation) don't like it, it will never succeed.

[Monty]

Is this similar to the Beta vs VHS or Microsoft vs Lotus vs apple battles of the past?
Lets hope the diligent vs ICSA battle is one sided.

[Banksie]

The University of Newcastle (Australia) did an evaluation of BoardBooks vs BoardPad 2.

http://auc.edu.au/media/xw12/xw12-slides-rhodes.pdf

BoardPad 2 won out in the end because it was cheaper and better matched Corporate Governance expectations.

An interesting quote from the article is:

"BoardPad 2 wasn’t the preferred option for IT due to the user interface "

[MAC]

Thanks for that Banksie, it's an interesting case for a couple of reasons.

It's outside DIL's initial target market of corporate clients, but, more interestingly it suggests an active market for universities and government organisations. Perhaps this is where DIL's second product will be better tailored, if we ever see it released ?

[CJ]

The University of Newcastle (Australia) did an evaluation of BoardBooks vs BoardPad 2.[/I]

Thats pretty funny. They effectively locked down the iPads so they couldn't be used for anything else from what I can tell. Easier to downgrade the iPad that upskill the user - not a positive outcome from a University!!!

[ddrone]

XRO screams ahead and DIL wanders up and down. Seems the two aren't that linked afterall.