DFIN Partners with Diligent on New Pre-IPO Solution, Helping Companies Establish Modern Governance, Audit and Compliance Practices Ahead of Public Offerings

Rhea-AI Summary

Donnelley Financial Solutions (DFIN) announced a strategic partnership with Diligent Corporation to provide organizations with comprehensive financial and governance tools aimed at facilitating smoother IPO preparations. This partnership addresses regulatory challenges through improved governance and compliance practices, helping companies establish board structures and meet SEC filing requirements. With DFIN's financial expertise and Diligent's governance capabilities, the solution is designed to empower businesses to scale confidently and mitigate compliance risks before going public.

Positive

• Strategic partnership with Diligent Corporation enhances DFIN's IPO support capabilities.
• Joint solution focuses on governance and compliance, addressing key challenges for pre-IPO companies.
• Partnership aims to improve client value through enhanced compliance risk mitigation.

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CHICAGO and NEW YORK, Sept. 9, 2021 /PRNewswire/ -- Donnelley Financial Solutions (NYSE: DFIN), a leading risk and compliance company today announced a strategic partnership with Diligent Corporation, the global leader in SaaS governance, to equip organizations with the financial and governance tools that help them scale with confidence, from the early stages of business through to a traditional IPO or SPAC.

The partnership provides organizations with a powerful end-to-end solution that addresses many of the regulatory and governance challenges companies face on the road to an IPO: establishing a board structure, financial reporting, D&O and SEC filing, and ensuring SOX compliance. With DFIN bringing its world-class financial reporting and SEC filing capabilities and Diligent bringing its expertise in governance and board leadership, this solution will help companies get ready for the realities of being listed on the public market and address the complexities of a public offering.

"DFIN's IPO leadership is founded not just on experience and service, but, on technology. Combined with our expertise, together we will better align companies' governance and financial practices with investor expectations," said Brian Stafford, CEO of Diligent. "We are seeing unprecedented momentum in the market from companies looking to prepare for an IPO, seeking solutions that help them get board ready, prepare for SOX compliance and ensure disclosure readiness. Partnering with DFIN and leveraging their financial and regulatory expertise will help our clients develop the systems they'll need for the future, while ensuring that compliance requirements are met."

"Working with Diligent to deliver a purpose-built, cost-effective solution that focuses on mitigating compliance risks before IPO, enables us to provide greater value for our clients," said Craig Clay, president of Global Capital Markets at DFIN. "Our common focus around the importance of prioritizing compliance through best of breed technology, especially on the path to IPO, strengthens our combined solution and empowers our clients to scale with confidence. Together, we will continue to work to help leaders and executives establish good governance practices from the seed stage through exit and beyond."

Learn more about the partnership by registering for DFIN and Diligent's upcoming webinar, "The IPO Journey: Good Governance Today, IPO Tomorrow." The webinar will take place on October 7 at 12 pm EDT.

About Diligent Corporation
Diligent is a leading governance, risk, and compliance (GRC) SaaS company, serving more than one million users from over 25,000 organizations around the globe. Our modern GRC platform ensures boards, executives and other leaders have a holistic, integrated view of audit, risk, information security, ethics, and compliance across the organization. Diligent brings technology, insights, and confidence to leaders so they can build more effective, equitable and successful organizations.

About Donnelley Financial Solutions (DFIN)
DFIN is a leading global risk and compliance solutions company. We provide domain expertise, enterprise software and data analytics for every stage of our clients' business and investment lifecycles. Markets fluctuate, regulations evolve, technology advances, and through it all, DFIN delivers confidence with the right solutions in moments that matter. Learn about DFIN's end-to-end risk and compliance solutions online at DFINsolutions.com or you can also follow us on Twitter @DFINSolutions or on LinkedIn.

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SOURCE Donnelley Financial Solutions

FAQ

What is the purpose of the DFIN and Diligent partnership announced on September 9, 2021?

The partnership aims to equip organizations with financial and governance tools to facilitate smoother IPO preparations and ensure regulatory compliance.

What specific challenges does the DFIN and Diligent solution address for companies preparing for an IPO?

The solution addresses regulatory challenges such as establishing board structures, financial reporting, D&O and SEC filing, and ensuring SOX compliance.

How can companies benefit from the DFIN and Diligent partnership?

Companies can benefit by receiving support in governance practices and compliance requirements, enabling them to scale confidently on the path to going public.

When is the webinar related to the DFIN and Diligent partnership scheduled?

The webinar titled 'The IPO Journey: Good Governance Today, IPO Tomorrow' is scheduled for October 7, 2021, at 12 pm EDT.