WingSpan and RedCarpet Soar With Life Suite Growth
Winston-Salem, N.C.– March 1, 2007 – SilkRoad technology, inc., a leading provider of talent management solutions, announced today that the company achieved record growth, revenue and customer acquisitions in 2006. SilkRoad posted its seventh straight quarter of 100 percent or greater revenue growth over the prior year and expanded its global footprint with several new clients in the United Kingdom, Germany, Canada, Australia and New Zealand.
The North Carolina-based company added 180 new clients for its Life Suite of web-based talent management solutions and completed 240 OpenHire, RedCarpet, WingSpan, GreenLight and Eprise product implementations in all.
WingSpan, SilkRoad’s performance management solution, represented the product with the highest year/year growth, with customers including First Interstate Bank, World Vision and Miller Legg. WingSpan’s feature set includes unprecedented automation of annual appraisals and fully-integrated career development and succession planning tools.
RedCarpet, SilkRoad’s employee onboarding solution grew tremendously in its first full year of release as companies of all sizes sought to implement the industry’s only onboarding tool that fully addresses employee socialization in addition to handling onboarding basics such as new-hire form and task management. Among the new RedCarpet implementations were Freescale Semiconductor, Inc., MWH Global in its Asia Pacific region and Spectrum Brands.
“As the competition for top talent continued to heat up in 2006, the SilkRoad technology Life Suite enjoyed an extremely warm reception from HR practitioners and corporate decision-makers across a wide range of industries,” said Brian Platz, general manager SilkRoad technology. “For 2007, we have planned many product and service enhancements which will continue to improve our clients’ day-to-day talent management experience while benefiting their bottom line business results.”
The SilkRoad Life Suite comprises five discreet subscription-based applications that enable organizations to connect with their top talent and manage the entire employee life cycle through a series of customized Web-based interfaces. The five Life Suite modules are: OpenHire, a recruitment management system; RedCarpet, an employee onboarding solution; WingSpan, an employee performance management application; GreenLight, a compensation tool, and Eprise, an award-winning employee intranet and content management system.
“Over the course of 2006, many of our existing single-product customers expanded their relationship with SilkRoad technology by adding one or more additional Life Suite solutions,” added Platz. “Among new customers, more than 25 percent implemented two or more Life Suite solutions. By consolidating multiple HR and talent functions within the Life Suite, these companies are placing themselves on the cutting edge of workforce management.”
About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service solutions that significantly improve the employee talent within its more than 600 customers across the globe. Using SilkRoad’s Life Suite, companies are able to hire better employees, identify high and low performers, drive a pay-for-performance culture, and improve employee tenure. SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; West Long Branch, NJ; and Hamburg, Germany. More information is available on the Web at www.silkroadtech.com or by phone: U.S. toll free at 866-329-3363 or internationally at +1-336-201-5100.