SilkRoad Expands International Operations, Accelerates

SilkRoad Expands International Operations, Accelerates Innovation and
Customer Adoption in Q3 2012 
Momentum for SilkRoad Fueled by International Growth, Product
Innovation and Customer Acquisitions, Including GTE Federal Credit
Union, Unisys Corporation, Utah System of Higher Education, Heartland
Dental Care, Inc., GNP Insurance Group and General Atomics 
CHICAGO, IL -- (Marketwire) -- 11/01/12 --  The leading independent
software company dedicated to engaging employees and HR
professionals, SilkRoad today reported record customer growth during
the third quarter. The Company, which provides social talent
management solutions, welcomed organizations to its roster such as
GTE Federal Credit Union, wise Group, CraftMark, Unisys Corporation,
Greenhill & Co, Utah System of Higher Education, Heartland Dental
Care, Inc., BGEA, GNP Insurance Group and General Atomics. In
addition, SilkRoad made significant investments in growing its
international operations and enhancing the mobile and application
integration capabilities of its Life Suite offering. 
"Over the last year, record levels of investment have poured into the
Human Capital Management industry, further validating the future and
promise of HR in the cloud," said Flip Filipowski, CEO of SilkRoad.
"Our singular priority is to continue to innovate, giving our
customers access to the most complete and advanced social talent
management platform available. Over the past quarter, we added new
customers to our roster who were inspired by that commitment and we
expect this growth to continue as the economy gains momentum."  
Highlights from the Quarter: 
Product Innovation - Over the course of the quarter, SilkRoad: 

--  Enhanced the Life Suite with social networking and mobility
    innovations that ensure employees and managers alike can access its
    cloud applications from popular tablet and mobile phone devices.
--  Improved the social performance and learning experiences by further
    integrating Point, GreenLight and WingSpan to create an unparalleled
    employee experience.
--  Experienced strong growth in the HRMS market as the HeartBeat was
    chosen by mid-market companies to serve as an HR system of record,
    complete with paid time off (PTO), benefit and open enrollment
--  Strengthened 
the interoperability within the integrated Life Suite and
    improved the ability to share data with other HRMS, CRM and ERP

International Growth - In the third quarter, SilkRoad increased its
international footprint with new offices in Scandinavia and Mexico to
support its growing international presence. Over the past five years,
SilkRoad has grown to over 20 offices, signed a number of strategic
partnerships and diversified the geographic makeup of its customer
base. Currently more than 25 percent of SilkRoad's customers are
located in countries outside North America.  
Analyst Recognition - During the third quarter, SilkRoad was ranked a
major player in the IDC MarketScape: Worldwide Social Technology in
Integrated Talent Management 2012 Vendor Analysis. IDC recognized
SilkRoad for its social recruiting capabilities and employee-centric
solutions designed to cover all facets of talent management.  
Industry Recognition - Also in the third quarter, SilkRoad won or
placed as a finalist in the following: American Business Awards
(OpenHire), Golden Bridge Awards (Point) and NCTA 21 (Fastest Growing
Company). SilkRoad was named a 2012 #hrwins HR Company to Watch by
Larocque for its innovative social collaboration solution, Point. The
Company was also named a Triad Top Workplaces based solely on
employee feedback.  
Strategic Partnerships - Throughout the third quarter, SilkRoad
teamed up with TalentBin, a talent search engine that turbo-charges
talent discovery across the web. The partnership provides customers
with enhanced social recruiting capabilities for access to greater,
more relevant candidates.  
Analyst Comments: 
Regarding SilkRoad's ranking as a major player in worldwide social
technology, Lisa Rowan, program director, HR, Talent, and Learning
Strategies and Services for IDC, said, "We're watching the
integration of social technology into talent management very closely
as the market remains nascent. SilkRoad is innovating in this space,
providing social talent management solutions that deliver a
competitive advantage by improving the employee experience."  
In a post about the collision of social tools and talent management
software, Josh Bersin, chief executive officer and president of
Bersin & Associates, the leading provider of research-based
membership programs for best practices in HR, talent and learning,
noted, "Leveraging their integrated solution architecture, SilkRoad
has taken the promise of social collaboration, learning, recognition,
management and delivered something we've yet to see accomplished by
any other solution provider." 
About SilkRoad Technology
 SilkRoad is a leading global provider of
cloud-based social talent management software. Their passion for
creating the finest employee experience drives everything they do.
The award-winning SilkRoad Life Suite is an integrated set of
employer-branded TM/HCM solutions that power businesses with the
latest Web 2.0 and social media innovations: OpenHire for recruiting,
RedCarpet for onboarding and life events, WingSpan for performance
management, GreenLight for learning management, Point and Eprise for
Social Collaboration and Content, and HeartBeat for trusted HRMS. The
Life Suite is ideally suited for businesses of every size because of
its unique and open "start anywhere" architecture -- implement the
complete suite or begin with one solution and add functionality as
you need it. Either way, it's the fastest path to develop more
productive and empowered employees who can rapidly boost business
performance. Visit, follow them on Twitter
@SilkRoadTweets or call 866-329-3363 (U.S. toll free) or
Megan Kessler
SHIFT Communications
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