Diligent Corporation picks Szervita Square Building for Innovation Center

Office Market

Diligent Corporation, a leading provider of modern corporate governance technology revealed that its recently announced Center for Global Product Innovation would be located in Horizon Development’s Szervita Square Building, according to a press release sent to the Budapest Business Journal.

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 providing insight and 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 is set to help Diligent establish a presence in Budapest and attract and retain professionals across various functions including product management, software engineering, quality assurance, security, research, infrastructure, and production operations. Diligent has already begun hiring for the center, which is expected to open in late 2021, according to the press release.

Horizon Development's leasing director Kata Mazsaroff adds, "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."

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,” says Cushman & Wakefield’s associate Krisztina Enzsöl.


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