SilkRoad Technology Selected as a Red Herring Top 100 North America Company

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Awards Honor Companies with Leading Innovations and Technologies

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“Our company is committed to ongoing product development and unparalleled customer service to keep us at the forefront of our space,” said Andrew J. “Flip” Filipowski, CEO of SilkRoad technology.

SilkRoad technology, a leading provider of talent management solutions, announced today it was named a Red Herring Top 100 North America Company. The Red Herring Top 100 award recognizes the leading private companies from North America, celebrating the companies’ innovations and technologies across their respective industries.

Red Herring’s Top 100 North America list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

“It’s an honor to have Red Herring recognize SilkRoad as a leader in innovation in our industry,” said Andrew J. “Flip” Filipowski, CEO of SilkRoad technology. “Our company is committed to ongoing product development and unparalleled customer service to keep us at the forefront of our space.”

Red Herring’s editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.

“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring.“ After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 winners. We believe SilkRoad technology embodies the vision, drive and innovation that define a successful entrepreneurial venture. SilkRoad should be proud of its accomplishment, as the competition was very strong.”

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.

The finalists were announced at special awards ceremony during Red Herring North America Conference in June 22-24.

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™, core HR, an on-demand Human Resource Management System (HRMS).    

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; Auckland, New Zealand 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
Beck Media & Marketing
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