Silkroad technology Announces Q2 Results For 2007

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New clients, improved service offerings and thought leadership drive record growth.

The record growth in customers renewing multi-year deals and purchasing additional solutions clearly demonstrates how effective SilkRoad technology's solutions are in helping our clients recruit and retain great employees

Winston-Salem, NC (PRWEB) August 6, 2007 -- SilkRoad technology, inc., a leading provider of talent management solutions, announced another record quarter of solid growth citing new customers and both new and existing customers purchasing combinations of their award-winning Life Suite™ solutions. SilkRoad also upgraded OpenHire with more intuitive user interfaces and artificial intelligence driven search features. In addition to providing new functionality, SilkRoad has also continued its thought leadership role in the industry by focusing on "Talent Branding," an innovative cross-discipline concept focusing on projecting a company's reputation as an employer to prospective and current employees.

"The record growth in customers renewing multi-year deals and purchasing additional solutions clearly demonstrates how effective SilkRoad technology's solutions are in helping our clients recruit and retain great employees," said Brian Platz, COO SilkRoad technology. "Our new OpenHire user interface has been a great success and has made our recruiting management program one of the easiest to use. With the addition of the intelligent search technology, it is becoming the preferred recruiting management product in the market."

Continuing the company's Q1 trend, more than 30 percent of new customers this quarter elected to purchase more than one SilkRoad solution. For example, RedCarpet (onboarding) is being added to OpenHire implementations at Scottrade, IGT, Infocision, GotVMail Communications and iTelligence. WingSpan and GreenLight (compensation management) are being implemented simultaneously at Community Residence.

SilkRoad's updated OpenHire (recruiting management) was greatly received this quarter by the industry. With the addition of a new easy to use interface and improved artificial intelligence search features, customers will have access to unprecedented precision matching of candidates to job openings. New clients signing up for OpenHire included 84 Lumber, Acceleron Pharma, Albany International, Citizen's National Bank, Eastern Municipal Water District, Educators CU, Executive Career Solutions, Panera Bread of Iowa, SI International, The Casey Group, Watkins Manufacturing/ Hot Springs Spa, iTelligence, GotVMail and InfoCision.

WingSpan (employee performance management) has had an outstanding uptake as well with new clients including BKD and New Page Corporation. WingSpan is a full featured and fully integrated solution with multi-rater assessments, competency and skills management, development planning, goal setting and performance planning, performance and appraisal reviews, and career development with succession planning.

About SilkRoad technology
SilkRoad technology, inc. provides software as 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, N.C. with offices in Bedford, Mass; Chicago, Ill; West Long Branch, N.J.; 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

Todd Beck
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