News

New York-based governance software provider brings 300 high technology jobs to the heart of Budapest.

Diligent Corporation, a leading provider of modern corporate governance technology revealed today that its recently announced Center for Global Product Innovation would be located in Horizon Development’s Szervita Square Building, a mixed-use, highly sustainable office building in Budapest. Szervita Square Building will serve as the home of Diligent’s forthcoming technology hub, which reflects a significant investment in the region that will introduce approximately 300 new jobs to the Hungarian workforce.

Diligent empowers nearly 700,000 board directors and leaders to turn governance into a competitive advantage through unparalleled insight and highly secure, integrated Software-as-a-Service (SaaS) applications. Diligent’s technologies are trusted by some of the largest global corporations and most influential brands. The company’s investors include Insight Partners, Clearlake Capital Group, and Blackstone Group.

“Opening our new Center for Global Product Innovation in Szervita Square Building positions us right in the heart of Budapest. We selected this location because it is highly sustainable and offers our talented team a closely-knit community environment that encourages collaboration and creative thinking. We are eager to leverage Budapest’s highly skilled workforce to continue to deliver value and true innovation to our clients,” explains Diligent’s CEO Brian Stafford.

As part of the company’s long-term business objectives, Szervita Square Building will help Diligent establish a presence in Budapest and attract and retain top-level professionals across various functions including product management, software engineering, quality assurance, security, research, infrastructure, and production operations. Diligent has already begun hiring for the Innovation Center, which is expected to open in late 2021.

“We are honored that such a fast-growing, global tech company as Diligent Corporation is partnering with us and chose Szervita Square Building to establish their new Center for Global Product Innovation. Our newest, state-of-the-art facility is centrally located in the Hungarian capital, and features environmentally conscious amenities and innovative productivity solutions that enable businesses to be more efficient,” said Horizon Development’s leasing director Kata Mazsaroff.

In addition to working with Horizon Development to secure premium office space in Szervita Square Building, Diligent was supported by global property advisor Cushman & Wakefield for tenant representation. “Diligent is one of the most significant new market entries that Hungary won in 2020, and their decision to establish operations in Budapest demonstrates the attractiveness of the city for high-tech enterprises,” said Cushman & Wakefield’s associate Krisztina Enzsöl.

Diligent is the pioneer of modern governance, empowering leaders to embrace governance as a competitive advantage. Leveraging unparalleled insights from a team of industry innovators, as well as highly secure, integrated SaaS technologies, Diligent’s industry-leading suite of solutions change how work gets done at the executive- and board levels. Leaders rely on Diligent to drive accountability and transparency, while addressing stakeholder and shareholder priorities. Its applications also help streamline the day-to-day work of board management and committees, and support collaboration and secure information sharing. Designed for both public and private sector organizations, Diligent is helping to usher in a new era of modern governance.

The largest global network of directors and executives, Diligent is relied on by more than 19,000 organizations and nearly 700,000 leaders in more than 90 countries. With an eye towards inclusivity and accessibility, Diligent serves some of the largest public governing bodies, including more than 50% of the Fortune 1000, 70% of the FTSE 100, and 65% of the ASX.