SilkRoad technology Announces Q4 Results for 2008

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Success Driven by New Product and Client Growth

The completion of our SAS 70 Type II report, alongside the addition of new clients and ongoing recognition from our industry peers is an incredibly rewarding way to wrap up the fiscal year

Winston-Salem, N.C. (PRWEB) January 28, 2009 -- SilkRoad technology, inc., a leading provider of talent management solutions, announced its fourth quarter earnings today, marking the 22nd consecutive period of sales growth. Highlights from the quarter included the launch of a new learning management product, continued industry recognition and client growth across the company's award-winning suite of products.

SilkRoad has continued to acquire new customers across its entire product suite. The Life Suite continues to be broadly adopted this quarter with new clients Great Lakes Home Health Services Inc., Sony Pictures Home Entertainment, Del Monte Fresh Produce, and The Washington Post signing up for multiple products. Other new SilkRoad clients include Fox Entertainment Group, the Society for Human Resource Management, and Wind Capital Group.

During the fourth quarter, SilkRoad launched its new learning management product, GreenLight, a new component of the company's Life Suite™. GreenLight allows government, military, education and business sectors to develop and manage online training programs for their global workforces allowing them to better drive employee development and performance. Current GreenLight clients include DIRECTV, Rockwell Collins, and Alliance Pipeline.

In December, SilkRoad received its completed SAS 70 Type II report, confirming the company's internal controls related to the processing of customer data are operating effectively to provide reasonable assurance as to the confidentiality, integrity, and availability of SilkRoad technology's systems and data. The completed report is a requirement for most companies doing business in the banking, healthcare, and high-tech industries. New customers across those categories during the fourth quarter include Sanford Health and Telos.

The North Carolina Technology Association recognized SilkRoad as the "Top Venture Capital Invested Company of the Year" in November. The awards program annually honors companies and individuals from North Carolina's technology industry for excellence in leadership and innovation. Additionally, SilkRoad was named a 2009 Hot Companies finalist by Network Products Guide. SilkRoad was selected from a global industry analysis of information technology vendors based on the "4Ps" selection criteria: Products, People, Performance, and Potential.    

"The completion of our SAS 70 Type II report, alongside the addition of new clients and ongoing recognition from our industry peers is an incredibly rewarding way to wrap up the fiscal year," said Andrew J. "Flip" Filipowski, Executive Chairman & CEO of SilkRoad technology. "Even during this tough economic time, our ongoing sales growth is a great validation for the value of our Life Suite technology."

About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service (SaaS) solutions that significantly improve the talent within its more than 1000 customers across the globe. Through SilkRoad's Life Suite™, an integrated talent management solution, companies are able to hire better employees, identify high and low performers, drive a pay-for-performance culture and improve employee tenure. The SilkRoad Life Suite includes OpenHire™ for recruiting management, RedCarpet™ for employee onboarding and life events, WingSpan™ for flexible employee performance management, GreenLight™ for learning management, and Eprise™ for employee intranets and content management.

SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; West Long Branch, NJ; Jacksonville, Florida; Alberta, Canada; Singapore, Republic of Singapore; Sydney, Australia and Hamburg, Germany. More information is available on the Web at http://www.silkroad.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 or Sabrina Vito
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