SilkRoad Technology Achieves Record Growth In Q2 2006

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Life Suite™ Yields Talent Improvements For A Growing List of Companies.

We are proud that such an impressive group of companies has chosen SilkRoad technology and we are looking forward to supporting their continued success.

Winston-Salem, NC (PRWEB) August 10, 2006 -- SilkRoad technology, inc., the leading provider of human resource talent management solutions, achieved record results in the second quarter of 2006, the company announced today. SilkRoad’s strong performance was the result of the growing popularity of the Life Suite™ of web-based talent management solutions.

In the recently-ended second quarter of 2006, SilkRoad posted the highest quarterly sales figures in company history, growing by more than 100% over the first quarter, while adding more than 50 new corporate clients. With six months still remaining in the year, SilkRoad is well on its way to its best year since its establishment in 2003.

Among the new corporate clients for SilkRoad technology’s leading talent management solutions in the second quarter are companies including Miller Legg, Freescale Semiconductor, The Institute of Electrical and Electronics Engineers Communications Society (IEEE) and SI International.

  • Miller Legg chose WingSpan to manage and cultivate employee performance management.
  • Freescale chose RedCarpet to create a new employee onboarding experience.
  • The IEEE Communications Society chose Eprise for effective, easy-to-use web content management.
  • SI International switched to the OpenHire applicant tracking system from a competing applicant tracking solution and selected RedCarpet to fully integrate employee onboarding with the hiring process.

To date, Life Suite™ solutions have been adopted by more than 600 companies across dozens of industries including retail, manufacturing, health care, education, energy, and financial services.

The SilkRoad Life Suite is a group of Web-based applications that enables organizations to connect with their top talent and manage the entire employee life cycle. There are currently five Life Suite modules: OpenHire™, an applicant tracking system; RedCarpet™, the industry-leading employee onboarding solution; WingSpan™, an employee performance management application; GreenLight™, an employee compensation tool, and Eprise, an award-winning intranet and content management system.

“Smart managers know that SilkRoad technology’s web-based solutions can help them attract and retain the top talent they need to achieve business results,” said Brian Platz, Executive Vice President & General Manager, SilkRoad technology. “We are proud that such an impressive group of companies has chosen SilkRoad technology and we are looking forward to supporting their continued success.”

About SilkRoad technology, inc.

SilkRoad technology, inc. provides software as a service solutions that significantly improve the employee talent within its more than 600 customers across the globe. Using SilkRoad’s Life Suite™, companies are able to hire better employees, identify high and low performers, drive a pay-for-performance culture, and improve employee tenure. SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; West Long Branch, NJ; and Hamburg, Germany. More information is available on the Web at http://www.silkroadtech.com or by phone: U.S. toll free at 866-329-3363 or internationally at +1-336-201-5100.

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Todd Beck/Talia Ron
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