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SilkRoad Announces Record Growth in Q4 2012

SilkRoad Announces Record Growth in Q4 2012 
Momentum Fueled by Customer Acquisitions, Strategic Partnerships,
Product Innovation and Industry Recognition 
CHICAGO, IL -- (Marketwire) -- 01/22/13 --  SilkRoad, a leading
global provider of cloud-based social talent management software,
announced today that it experienced worldwide growth in the fourth
quarter as a result of new customer acquisitions, significant
strategic partnerships and product innovation. SilkRoad acquired 185
new customers globally, representing a 44 percent growth rate over
the fourth quarter of 2011. In the U.S., this included Guitar Center,
Cobb Electric Membership Corp, and Graebel Companies. The Company
also announced a 32 percent increase in annual bookings over 2011. 
"As the leading pure-play talent management provider, we are
dedicated to providing the most innovative and comprehensive talent
management technology that's available anywhere," said Flip
Filipowski, CEO of SilkRoad. "To that end, we expanded partnerships
and updated products in Q4 to offer more functionality for businesses
and employees alike. The record number of clients who chose
SilkRoad's Life Suite(R) HR software this quarter is a clear
indication of our success."  
Highlights from the Quarter:  
Customer Acquisitions -- In addition to setting a record for client
acquisitions worldwide in the fourth quarter, SilkRoad broadened its
footprint across the Asia-Pacific-Japan (APJ) region, adding a
significant number of new clients from China in the North to New
Zealand in the South. Moore Stephens LLP Singapore and Aussie Home
Loans joined the list of enterprises that turned to SilkRoad's
pioneering talent management solutions this quarter.  
Strategic Partnerships -- During the fourth quarter, SilkRoad teamed
up with KnowledgeAdvisors to integrate the Company's GreenLight(R)
learning management system with KnowledgeAdvisors' Metrics that
Matter(R) analytics platform. The partnership enables customers to
leverage big data to improve the impact of learning on business
performance. Additionally, SilkRoad partnered with Medcom Trainex, a
producer and distributor of multimedia healthcare education
solutions. The new partnership gives SilkRoad's GreenLight customers
access to over 1,000 Medcom courses that address healthcare
compliance training and meet nursing and physician continuing
education requirements.  
Product Innovation -- The fourth quarter also brought a new release
of RedCarpet(R), the world's #1 employee onboarding solution. The
release includes enhancements that make it even easier to use.
Additionally, SilkRoad released GreenLight in Japanese and has
integrated it with its Wingspan(R) performance management software.
The integration enables companies in Japan to offer a single
collaborative learning and development program to a global employee
base.  
Industry Recognition -- Also in the fourth quarter, SilkRoad's
Point(R) social collaboration software was named a bronze winner for
Best New Product of the Year by the U.S. Best in Biz Awards. The
company's Point integration with GreenLight was also named a silver
winner for Best Advance in Learning Management Technology by Brandon
Hall. Additionally, Josh Bersin recognized SilkRoad as a
"fast-grower" in his Talent Management Systems Solution Provider
Comparisons and Profiles 2013 report. And in China, SilkRoad was
recognized as the "Most Promising HR Service Provider of the Year" by
the China Staff Awards, an influential recognition in China's HR
community. SilkRoad is the only talent management provider that has
been awarded this honor in the China market.  
Customer Comments: 
Existing Life Suite customer Graebel Companies added SilkRoad's
HeartBeat(R) HRIS solution to their suite this quarter. Director of
Talent Management Cathy Smith said, "SilkRoad's HeartBeat offering is
one of the most comprehensive on the market. HeartBeat's integration
with SilkRoad's other solutions, including social collaboration and
mobile aspects, were not only innovative, but incomparable. We're
looking forward to reaping the benefits of SilkRoad's entire Life
Suite."  
After the successful implementation of WingSpan this quarter,
existing Life Suite customer Karen Boyte, GMHR of TrustPower in New
Zealand, said, "As we continue to grow our business, SilkRoad has
helped streamline HR processes and reduce paper waste. With WingSpan,
we have achieved much deeper functionality around goals and
development planning for employee performance management." 
About SilkRoad 
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(R) 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
www.silkroad.com, follow them on Twitter @SilkRoadTweets or call
866-329-3363 (U.S. toll free) or +1-336-201-5100. 
Contact:
Megan Kessler
pr-SilkRoad@shiftcomm.com 
617.779.1875