Board & Entity Governance Software
The buyer population — Management of companies and enterprises
Base industry report for 551 →- Establishments · CanadaA
- 6,514
- Under 10 employeesA
- 49%
- Establishments · USA
- 51,218
- Employment · USA
- 3,661,977
- Payroll · USA
- $464.5B
Of 6,514 Canadian establishments with employees, 49% have fewer than ten — an industry where large establishments carry real weight. Each of those is one potential account, before any filter for size or fit.
Entry signal — what decides who wins here
One thing must be trueEntry turns on a single condition that can be named and tested before much is spent. Clear it and this becomes an execution question; fail it and no amount of operating skill helps.
Displace an incumbent the screen found well defended — payments attached to the workflow, data that does not leave, a contract that renews itself. Share here means giving a buyer a reason to break something that currently works, which is a higher bar than being better.
Measured, not forecast: the share of US establishments opening in one year that were still active later. It counts good operators and bad ones together, which is exactly why it is the honest answer to “what are the odds”. It is for the whole sector rather than this market, and the ten-year figure comes from an older cohort because no younger one has reached ten years.
This is not a probability of success, and it is not a verdict on you. No survival probability is published per market, and inventing one would be worse than saying so. What the bar reads is how much of the outcome sits inside an operator's control: green means the hurdles are ones a better operator clears, red means the binding constraint is capital, an asset or a permission rather than execution. Someone arriving with an advantage this screen did not assume can win a market shown in red.
Companies named in this market · 5
The binding constraint — incumbent vulnerability
The buyer is a corporate secretary putting board material and cap-table records into a third party's system, which makes trust the product and a new name the disqualifier. Diligent has consolidated the category; the interesting challenger, Athennian, is Canadian and venture-funded and worth watching as a comparable rather than as a gap. Nothing is disclosed here. Every vendor named on this record is private, or sits inside a parent that does not break the line out, so no revenue floor can be built and the market size is genuinely unknown rather than estimated.
The incumbent
Who owns this market and who is coming for it. Fields a screen never reached say so rather than guessing.
The field
Every vendor named on this record, and what each one discloses. Most disclose nothing, which is why the market is not sized.
Competitor set · 4 named · 0 disclose revenue
| Name | Revenue | Share | Note |
|---|---|---|---|
| DiligentC | not disclosed | — | Private; no disclosure |
| Nasdaq BoardvantageC | not disclosed | — | Inside Nasdaq; not broken out |
| CSC / Computershare GEMSC | not disclosed | — | Not broken out |
| Athennian (Canadian — Calgary)C | not disclosed | — | Private, venture-funded |
Nobody here publishes revenue. The market is not sized for that reason — an estimate built on nothing would only look like knowledge.
Evidence
Evidence. UNVERIFIED — screened on analyst judgment. Incumbent names and positions are from general market knowledge and were NOT independently researched for this record; no financials are attached because none were sourced. Verify before acting.
Where the industry talks
The associations, forums and events where people in this trade actually talk shop — where to listen before entering, and where the first customers are found. Each link was opened on the date shown.
Est. 1994; the association of corporate secretaries and governance professionals, the buyers of board portals. No member count published.
August 23-26, 2026, Victoria BC; GPC says it draws 'over 350 governance professionals'.
'over 3,700 members' per its homepage: corporate secretaries, chief legal officers and in-house governance counsel.
Canada's director community; chapters and director education. No member count on site.
Corporate and individual membership, 20+ local chapters, Directors Summit. No member count on homepage.
Federation of 12 national member associations representing '100 000+' corporate secretaries, per its About page.
Magazine and research for public-company directors.
Corporate governance magazine with newsletters, webinars and podcasts.
The businesses it sells to
Operating-business records filed along the same branch of NAICS — the customers of this software, screened as businesses in their own right.