SilkRoad technology Announces Q1 Results for 2010

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Strategic Partnership and Continued Client Growth Drive Success

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“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.

Winston-Salem, N.C. (PRWEB) April 15, 2010 -- 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.

About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service (SaaS) solutions that significantly improve the talent within its more than 1500 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 solution set includes: OpenHire™, for recruiting management; RedCarpet™ for employee onboarding and life events; WingSpan™ for flexible employee performance management; GreenLight™ for learning management; Eprise™ for employee intranets and content management; and HeartBeat™ for core HR.

SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; Red Bank, NJ; Jacksonville, FL; San Francisco, CA; Edmonton, Canada; 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. Follow SilkRoad technology on Twitter at http://www.twitter.com/SilkRoadTweets.

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Sabrina Pietryga
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