SilkRoad technology Announces Record Growth in Q2 2011…from SilkRoad

July 25, 2011

 

Highlights Include Continued Global Client Expansion, More Than 5 Million End Users, Strategic Hires, New Partnerships and Award Recognition

HRchitect featured SilkRoad in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009, and the HRchitect IRONMAN on Mid-Marketing Talent Acquisition Systems on June18, 2010, where they were crowned the winner of each. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010 and May 2011.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SilkRoad technology, inc., a leading provider of talent management solutions, announced today the second quarter of 2011 marked the strongest quarterly results in company history, achieving a record number of new clients, monthly recurring revenue and bookings. Top talent brands choosing to partner with SilkRoad as their strategic talent management vendor included LivingSocial, Queensland Bank, Oceus Networks, Mighty River Power, Meridium and Bingham Hospital. SilkRoad also surpassed more than 5 million global end users in more than 80 countries. 

This quarter SilkRoad expanded its global operations with a new corporate office in London, England, enabling the firm to better meet the increasing talent management needs of businesses throughout the United Kingdom, Nordics and Netherlands. This expansion adds to SilkRoad’s list of recently opened corporate offices in France and Japan and follows the $40 million investment raised in late 2010 to capitalize on the increasing global market demand for talent management solutions. 

SilkRoad announced this month the appointment of a new CMO, Wm. Edward Vesely. Vesely is responsible for worldwide marketing and has more than 22 years of marketing experience. He brings to SilkRoad a consistent record of growing revenue, market share and business valuation with his experience in global marketing and channel development.

Also in the second quarter, SilkRoad announced strategic partnerships with companies HireRight and WorkStrategy. SilkRoad and HireRight, a leading provider of employment screening solutions, will provide joint customers with a new pre-integrated solution to help them manage their employment screening programs more efficiently, and make better-informed hiring decisions. SilkRoad’s recruiting management solution OpenHire has been seamlessly integrated with HireRight, through the HireRight Connect integration platform, to increase efficiency and provide faster turnaround for SilkRoad clients through the employment screening process. 

SilkRoad’s partnership with WorkStrategy, a leading provider of innovative human resource management and technology services, will make SilkRoad’s RedCarpet onboarding and life events management solution more accessible to WorkStrategy’s customers operating in an integrated ERP-based human capital management (HCM) environment. This partnership will enable SilkRoad to enhance its existing Oracle-PeopleSoft customer deployments by leveraging WorkStrategy’s PeopleSoft integration expertise including data management, user accessibility, and workflow automation. 

“Our continued expansion and client growth, exciting partnerships with HireRight and WorkStrategy, and recognition across the industry has made Q2 2011 the best quarter in company history,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology. “We’re excited about our expansion, which includes new team members and offices across the globe, and a new CMO leading our worldwide marketing efforts. 2011 has already been an amazing year for us.” 

Also in Q2, the company was honored as a “Customer Service Department of the Year” in The 2011 American Business Awards, America’s premier business awards program. This is the fifth consecutive year SilkRoad has been recognized by the American Business Awards for its customer service. The Network Products Guide, the industry’s leading technology research and advisory publication, also honored the company by naming SilkRoad a finalist in the 6th Annual 2011 Hot Companies and Best Products Award categories for its Life Suite. SilkRoad has also been recognized by Network Product Guide multiple times for its product innovation.

For more information on SilkRoad, please visit www.silkroad.com

 
Matt Lafata, HRchitect


SilkRoad technology Continues To Expand Globally With Senior Appointment, New Offices In France…from SilkRoad

February 24, 2011

 

Recent Funding Empowers Continued Market Growth

HRchitect featured SilkRoad in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009, and the HRchitect IRONMAN on Mid-Marketing Talent Acquisition Systems on June18, 2010, where they were crowned the winner of each. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SilkRoad technology, inc., the leading provider of talent management solutions, announced today it has expanded its global operations by opening a new corporate office in France. The new Paris-based office, which will be led by Didier Bichon, Vice President Western Europe, will support SilkRoad’s direct sales and marketing efforts throughout the region.  This announcement comes in the wake of the company’s announcement this past November that it secured a $40 million dollar investment round of capital from new investors Intel Capital, Tenaya Capital, West Summit, SunBridge and existing investors Foundation Capital, Azure Capital and SilkRoad Equity to build out operations that capitalize on the increasing global market demand for talent management solutions and for its recent opening of an office in Japan.

“SilkRoad’s new locations in France, England and Japan will enable us to continue delivering on our promise to investors to expand our operations to a new client base worldwide,” said Andrew J. “Flip”Filipowski, Executive Chairman and Chief Executive Officer of SilkRoad technology. “Didier and the rest of the new teams bring with them a wealth of knowledge and great market insight.  They are the best of the best and we are excited to welcome them to the SilkRoad team.”  

Bichon has a stellar track record in the talent management space and is a pioneer in developing software-as-a-service (SaaS) in France and Europe.  He most recently headed the French-based operations for MrTed, where he built the business and created brand awareness. Previously, Bichon was at Vurv Technology Southern Europe and successfully built the region from the bottom up for them. There are currently five employees at the new SilkRoad French office, which is continuing to expand staff in order to deliver first class service solutions to the local market.  SilkRoad solutions localized in French, Spanish and German are already available. 

The new SilkRoad offices will focus on new client acquisition, support for SilkRoad’s global clients, building brand awareness in the market, and developing the Human Capital Management space in the regions.   

For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect


SilkRoad technology Named Finalist In Two Categories In 2011 Stevie Awards For Sales & Customer Service…from SilkRoad

February 11, 2011

 

5th Annual Awards will be Presented on February 21 in Miami Beach

HRchitect featured SilkRoad in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009, and the HRchitect IRONMAN on Mid-Marketing Talent Acquisition Systems on June18, 2010, where they were crowned the winner of each. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SilkRoad technology, inc., a leading provider of talent management solutions, announced today was named a Finalist in the “Customer Service Department of the Year” category, and the “Relationship Management Solution” category for its HeartBeat product in the fifth annual Stevie Awards for Sales & Customer Service.  

The awards are presented by the Stevie Awards, which organizes several of the world’s leading business awards shows including the prestigious American Business Awards. 

Nicknamed the Stevies for the Greek word “crowned,” winners will be announced during a gala banquet on Monday, February 21 at the Eden Roc Renaissance Hotel in Miami Beach, Florida.  Nominated customer service and sales executives from the U.S.A. and several other countries are expected to attend.   

More than 800 entries from organizations of all sizes and in virtually every industry were submitted to this year’s competition, an increase of more than 60 percent over 2010.  SilkRoad is a finalist in two categories.

“We are all extremely excited the Stevie’s recognized both our unparalleled customer service and our newest product, HeartBeat this year,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology. “Our hardworking team goes above and beyond for our valued clients and it’s a great honor to have their tireless efforts recognized.”      

SilkRoad provides software as a service (SaaS) solutions that significantly improve talent management for more than 1,700 customers across the globe, cutting millions of dollars in human resources costs with integrated solutions that manage the entire employee life cycle. With its award-winning Life Suite, SilkRoad assists companies to attract best-fit talent, manage onboarding & employee transitions, maximize employee performance, provide a centralized learning management system, and deliver accurate information with employee intranets and content management systems. 

SilkRoad technology’s HeartBeat is an on-demand core HR system that allows workers and managers to access and act on HR information relevant to them. This information can be readily integrated with all SilkRoad’s Life Suite solutions or other HR-related third party applications, such as payroll, benefits, recruiting, performance, training & compensation, providing a unified front-end for all users.

“Being named a Finalist in the Stevie Awards for Sales & Customer Service is an important achievement,” said Michael Gallagher, president of the Stevie Awards.  “It means that independent business executives have agreed that the nominee is worthy of international recognition.  We congratulate all of the Finalists on their achievement and wish them well in the competition.”

Details about the Stevie Awards for Sales & Customer Service and the list of Finalists in all categories are available at http://www.stevieawards.com/sales.  

For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect


SilkRoad technology Selected as Finalist for the 2010 Red Herring 100 North America Award…from SilkRoad

June 21, 2010

 

Awards will be presented on June 24 at event in San Diego

HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009, and the HRchitect IRONMAN on Mid-Marketing Talent Acquisition Systems on June18, 2010, where they were crowned the winner of each. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

SilkRoad technology, a leading provider of talent management solutions, announced today it was named a finalist in Red Herring’s 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

“Red Herring’s recognition of SilkRoad technology is an honor and further supports the strength of our business and the products we offer,” said Andrew J. “Flip” Filipowski, CEO of SilkRoad technology. “Our commitment to innovation and ongoing product development keeps us leaders in our space and helps in our continued company growth and expansion.”

“This year was especially difficult,” said Alex Vieux, publisher and CEO of Red Herring. “Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. SilkRoad technology shows great promise therefore deserves to be among the finalist. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring North America award. We know that this year’s crop will grow into some amazing companies that are sure to go far.”

Finalists for the 2010 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.

You can see a complete list of finalists here.

The finalists are invited to present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.

For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect


SilkRoad technology Selected as Winner for 2010 CODiE Awards…from SilkRoad

May 26, 2010

 

SilkRoad’s Life Suite Chosen as Best Human Capital Management Solution

HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009 where they were crowned the winner. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010.

If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

SilkRoad technology, a leading provider of talent management solutions, announced recently its Life Suite has been selected as the winner of a prestigious CODiE Award for the “Best Human Capital Management Solution” by the Software & Information Industry Association (SIIA).

The Life Suite was reviewed by members of SIIA and voted on as the winner in the category. The announcement came at a special CODiE Awards luncheon held May 11th in conjunction with the All About the Cloud conference in San Francisco.

More than 785 nominations were submitted and narrowed down to 188 products for the finalists. Of the 188 finalists, 34 winners were announced. Nominated products underwent an intensive review by subject matter experts, analysts, journalists, and others with deep experience in the field.

“This CODiE win for the ‘Best Human Capital Management Solution’ is a great honor for SilkRoad,” said Andrew J. “Flip” Filipowski, CEO of SilkRoad technology. “It’s important to us to stay in front of the technology curve and provide our clients with the best solutions on the market. This honor is a great validation that we are doing exactly that.”

“This is the twenty-fifth year we have recognized excellence in the software, education and information industries through the CODiE Awards program,” noted Ken Wasch, President of SIIA. “In this economic climate, companies are doing even more to innovate. SilkRoad technology has demonstrated a commitment to innovation and quality that is reflected in their selection as a finalist for the CODiE Awards. I am pleased and proud to have them listed among the winners.”

A listing of winners is now available on the CODiE Awards Website at www.siia.net/CODiEs/2010/winners.asp#software

Originally called the “Excellence in Software Awards,” the CODiEs were established in 1986 by the Software Publishers Association (SPA), which preceded the Software & Information Industry Association (SIIA). The program was created so that pioneers of the then-nascent software industry could evaluate and honor each other’s work. Since then, the CODiE Awards program has carried out the same purpose – to showcase the software and information industry’s finest products and services and to honor excellence in corporate achievement and philanthropic efforts.

For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect


SilkRoad technology Announces Q1 Results for 2010…from SilkRoad

April 18, 2010

 

Strategic Partnership and Continued Client Growth Drive Success 

HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009 where they were crowned the winner. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

SilkRoad technology, inc., a leading provider of talent management solutions, announced today that the first quarter of 2010 marked its 27th consecutive period of sales growth.  Highlights from the quarter include a partnership with Indeed.com, record sales growth, continued and widespread adoption of SilkRoad’s HeartBeat product, and continued industry recognition for the company’s products and services.   

SilkRoad experienced high sales to kick off 2010.  New clients include: Ancestry.com; Synthetic Genomics; Gwinnett Health Systems, Inc.; Aleut Management Service; YMCA of Central Maryland; RMT; Oklahoma City University; and San Diego County Regional Airport Authority.

This quarter SilkRoad technology also saw further adoption of its new product, HeartBeat.  The core HR system allows secure and reliable access to key HR information for both employees and management by creating a “system of record” to store all employees’ core data.  New HeartBeat clients include: DMS International, Inc.; Hunter Dickinson, Inc.; Fuel Tech, Inc.; and Winston & Strawn LLP. 

In Q4, SilkRoad technology announced its partnership with Indeed.com, the leading search engine for jobs.  SilkRoad’s integration with Indeed allows SilkRoad customers to expand their reach to potential candidates. Jobs delivered directly to Indeed from SilkRoad’s OpenHire are included in Indeed’s organic results and the platform’s network of more than 10,000 websites.  With this integration, SilkRoad customers can now reach the single largest audience of both active and passive job seekers on the Internet. 

The company continued to receive industry recognition for its products and was honored by both the CODiE Awards and Network Product Guide’s Hot Companies.  SilkRoad is a finalist in the Software & Information Industry Association (SIIA) for a CODiE Award in the “Best Human Capital Solution” category.  The program honors the software and information industry’s finest products and services and excellence in corporate achievement.

SilkRoad technology was also named a 2010 Hot Companies finalist by Network Products Guide.  SilkRoad was selected from a global industry analysis of information technology vendors.  Finalists were selected based on the “4Ps” criteria—namely Products, People, Performance, and Potential.   SilkRoad has been honored with the Hot Companies recognition multiple times and consistently excels in meeting and exceeding the 4Ps criteria. 

“It has been another great quarter for SilkRoad, with continued client growth and positive feedback from the industry about our newest solution, HeartBeat,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology.  “We are ecstatic that so many clients choose to purchase multiple solutions, and we are humbled by the award recognition our products and services received this quarter.  Both validate that we are doing what we set out to do – provide excellent customer service and the best products available to enable companies to hire and retain the top talent in the market.”      

Also in the first quarter, SilkRoad announced several high profile keynote speakers for its inaugural Users’ Conference, SilkRoad Connections: A Global User Event, to be held May 23-26 in Florida.  In addition to SilkRoad CEO, Andrew “Flip” Filipowski, announced speakers include Gartner Research’s Jim Holincheck, who will discuss “Emerging and Future Trends in HCM Technology”; Bob Kelleher from The Employee Engagement Group, discussing “10 Essential Engagement Steps That Drive Results”; and Kevin Martin from Aberdeen Group, who will give an address on the topic of “The Strategic Role of Talent Integration.”  The full agenda for the event is online here.

For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect


SilkRoad technology Announces Q4 Results for 2009…from SilkRoad

January 26, 2010

 

Success Driven by Record Sales and Continued Expansion

HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad participated in the Onboarding Systems panel on June 10, 2009 as part of theHRshow. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009 where they were crowned the winner. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

SilkRoad technology, inc., a leading provider of talent management solutions, announced today the fourth quarter of 2009 was its 26th consecutive period of sales growth.  Highlights from the quarter include record client growth, the successful launch of SilkRoad’s new core HR product, HeartBeat, and continued expansion and adoption of the company’s Life Suite solutions around the world.   

With the talent management sector booming with companies preparing for the economic turnaround, SilkRoad experienced the highest sales of the year this quarter with over 140 new clients selecting its Life Suite products.  New clients include: AirTran, CompuPay, Woodland Park Zoo, Texas Petrochemicals, Inc., Walt Disney Family Museum and Union Bank & Trust Co.

Current clients signing up for additional solutions also drove Q4 growth.  Clients purchasing additional Life Suite solutions include: Sony Home Entertainment, Del Monte Fresh Produce, SIRVA, and the University of South Florida.

SilkRoad continued to experience successful global expansion in the Asia Pacific market this quarter, adding multiple clients including several International 500 Brands.

In Q4, the company successfully launched its new core HR product, HeartBeat adding the product’s first clients ahead of its Q1 goals.  The core HR system allows secure and reliable access to key HR information for both employees and management by creating a “system of record” to store all employees’ core data.

In addition, SilkRoad received its completed 2009 SAS 70 Type II Audit in Q4.  The receipt of this report confirms SilkRoad is in compliance with SAS 70 recommended best practices to ensure the confidentiality, integrity, and availability of SilkRoad technology’s systems and data.  This report has become a requirement of outside vendors for most companies in the banking, healthcare, and high-tech industries.

“With the successful launch of our new HeartBeat product and our record growth, this has been a very exciting quarter for SilkRoad,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology.  “In 2009, we extended our client roster to more than 1500 clients around the globe, across all industries.  We are also truly honored this quarter by the large number of clients purchasing additional products from our suite after experiencing our unparalleled technology and customer service.”    

Finally, SilkRoad was honored by The North Carolina Technology Association (NCTA) with multiple nominations in the NCTA 21 Awards.  SilkRoad was a finalist in the “Private Company Award” category and SilkRoad’s CEO, Andrew J. “Flip” Filipowski was a finalist for “Executive of the Year.”  The awards program annually honors companies and individuals from North Carolina’s technology industry for excellence in leadership and innovation and are among North Carolina’s most prestigious technology honors. 

For more information on SilkRoad, please visit www.silkroad.com
Matt Lafata, HRchitect


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