SilkRoad technology Announces Q2 Results for 2010

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Highlights in Second Quarter Include Record Sales, Successful Users’ Conference and Industry Recognition

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“Our employees’ extraordinary efforts have yielded a record quarter and have given us our largest bookings quarter ever,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology

SilkRoad technology, inc., a leading provider of talent management solutions, announced today that the second quarter of 2010 marked its 28th consecutive period of sales growth and a record quarter for new client signings. Highlights from the quarter include record sales growth, SilkRoad’s successful Users’ Conference, and continued industry recognition for its customer service and product innovation.    

SilkRoad experienced a record number of new global clients and clients purchasing multiple products in the second quarter. New clients include: GroupM, ATMS, Gordon Food Service, Graebel Companies, Inc., Howard University, Regis Corporation and The University of Montana.

This quarter SilkRoad held its inaugural Users’ Conference. “SilkRoad Connections: A Global User Event” was held in Bonita Springs, Florida this past May and boasted a full list of speakers including Gartner Research’s Jim Holincheck, Bob Kelleher from The Employee Engagement Group, and Kevin Martin from Aberdeen Group. The company has continued to experience amazing feedback from clients and analysts about the May event and has started preparations for next year’s conference.

“Our employees’ extraordinary efforts have yielded a record quarter and have given us our largest bookings quarter ever,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology. “None of this could be possible without the tremendous effort and work from the best development team in the software industry. We continue to be humbled by clients choosing to purchase multiple solutions, and honored by the award recognition our products and services receive.”    

SilkRoad technology also announced its Learning Management System (LMS), GreenLight was a first major LMS to conform to SCORM 2004 4th edition. GreenLight was validated by Advanced Distributed Learning (ADL) as a SCORM 2004 4th Edition early adopter. SCORM 2004 4th Edition further extends the SCORM standards to give unprecedented control to content authors and learning managers over training. The 4th Edition increases course/LMS interoperability and adds a list of enhancements, which includes increased tracking information (e.g. overall student progress, objective scoring details) and the ability for activities to now share common data.

The company continued to receive industry recognition in Q2 and was honored with numerous awards for its efforts in customer service and product innovation. Recent recognitions include:

CODiE Award – SilkRoad technology was named the winner of the prestigious CODiE Award for the “Best Human Capital Management Solution” by the Software & Information Industry Association (SIIA). The program showcases and honors the software and information industry’s finest products and services.    

Red Herring 100 North America Award – Red Herring selected SilkRoad as a winner of its 100 North America Award. The award is a prestigious list honoring the year’s most promising private technology ventures from the North American business region.

The American Business Awards- This year the American Business Awards (ABA) recognized SilkRoad’s customer service by naming it a finalist in the “Customer Service Department of the Year” category. This is the fourth consecutive year the ABAs have recognized SilkRoad for its customer service.

AlwaysOn East 100 – AlwaysOn included SilkRoad on its East 100 list this year. The list recognizes companies that show leadership amongst its peers and have game-changing approaches and technologies that are likely to disrupt existing markets.

HRchitect HRtechnology Ironman – The company’s market leading recruiting management solution, OpenHire was also named the winner of HRchitect’s HRtechnology Ironman competition in June. The competition is an educational webinar series that has software vendors compete against one another to find the best solution on the market.

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; 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
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