SOURCE: Diligent Board Member Services

Diligent Board Member Services

May 03, 2011 09:00 ET

Diligent to Exhibit Apple iPad Application at ICI General Membership Meeting

NEW YORK, NY--(Marketwire - May 3, 2011) - Diligent Board Member Services (NZX: DIL), the world's leading provider of board portals, will be attending the 2011 ICI (Investment Company Institute) General Membership Meeting on May 4-6 in Washington, DC. The meeting will be attended by mutual fund industry executives and board members.

Diligent Board Member Services will showcase their Boardbooks board portal software for the mutual fund industry and how funds can save both time and money in the area of board communications. Additionally, they will be showcasing the Boardbooks iPad App, which is quickly replacing the 1,000+ paper based board binders in many mutual fund board rooms.

"The Apple iPad in conjunction with Diligent Boardbooks® is revolutionizing the mutual fund board room," said Marc Daniels, executive vice president of licensing. "For decades directors have had to lug around thick binders of information for their board and committee meetings. Now, the new board portal app provides the security required by mutual funds, and allows for directors to easily view thousands of pages of information on their iPad or iPad 2."

"We recently implemented Diligent Boardbooks for our corporate and mutual fund boards and we have realized a considerable time and cost savings compared with preparing, printing and mailing board materials," said Janalynne Gius, assistant vice president, Strategic Planning and Initiatives at Virtus Investment Partners. "Our board members have been quick to adapt to viewing board material on their Apple iPads."

About Virtus Investment Partners (NASDAQ: VRTS)

Virtus Investment Partners provides investment management products and services, including the Virtus Mutual Funds, separately managed accounts and institutional products, to help meet the needs of individuals and institutions. Products are offered through a wide variety of financial advisors and consultants.

About Diligent Board Member Services, Inc (NZX: DIL) www.boardbooks.com
Diligent Board Member Services provides company directors, executives and administrators with Diligent Boardbooks, an easy-to-use system of securely compiling, distributing, viewing, and archiving materials within a Software-as-a-Service (SaaS) model.

"Diligent Boardbooks" is a registered trademark of Diligent Board Member Services, Inc.