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SilkRoad Technology Accelerates Growth by Increasing Customer Acquisitions and Implementations in First Quarter 2012

SilkRoad Welcomes Nearly 120 New Customers Including Aruba Networks, Provant Health Solutions and NSTAR Global Services (May 16, 2012)

CHICAGO, IL -- (Marketwire) -- 05/16/12 -- SilkRoad Technology, Inc., a leading provider of social talent management solutions, continues to gain significant momentum for its Life Suite® product line with accelerated customer growth in the first quarter, including G-TECH, Presidio Network Solutions, Aruba Networks, Provant Health Solutions and NSTAR Global Services. In addition, the quarter saw an increase in the number of international customers, including Nippon Insurance Information Technology for Skill development (Japan), Channel Four Television Corp. (UK), Rainforest Education (Singapore) and Mazars (France). SilkRoad's Life Suite solutions provide companies worldwide with an intuitive design, scalability and localization to effectively engage, develop and enable top talent.

"We've witnessed a sensitization to human capital management around the world as more organizations look to HR to drive business performance," said Flip Filipowski, executive chairman and CEO of SilkRoad. "SilkRoad stands out as the leader in innovative talent management technology with our employee-centric HR solutions that empower people to drive their own careers. Unlike other talent management providers, SilkRoad has an entire suite of human capital management solutions, including a HRMS and unique social capabilities for companies of all sizes and industries."

Highlights from the Quarter:

Expanding Existing Customer Implementations - In the first quarter, existing customers, including Microfocus and Trumpet Behavioral Health, added additional solutions to their Life Suite implementations. Microfocus, a leading global software company, is a long-term OpenHire® and RedCarpet® customer that added SilkRoad's WingSpan® as its performance management system for its global workforce. Trumpet Behavioral Health, the nation's leading provider of behavioral services for children and adults with Autism Spectrum Disorders and an OpenHire, RedCarpet and HeartBeat® customer, added WingSpan and Eprise® to streamline its performance management and intranets.


Industry Recognition - Also in the first quarter, SilkRoad's Point™, a social enterprise solution, was one of ten finalists worldwide recognized with a Netexplo 2012 Award for digital innovation. In addition, SilkRoad's RedCarpet was recognized by the CODiE Awards and OpenHire was recognized by the Brandon Hall Excellence Awards as a leading talent management solution. SilkRoad's dedicated support team was also honored with a Stevie Award for its innovative approach to customer service.

Customer Comments:

After the successful implementation of HeartBeat, existing SilkRoad Life Suite customer Carol Montgomery, senior vice president and chief human resources officer for York Risk Services Group said, "The SilkRoad Life Suite was a refreshing option for a growing business like ours and with HeartBeat, we've achieved additional efficiencies across all of our HR functions. HeartBeat completed our talent management suite, offered self-service options for our employees, automated time-consuming manual tasks and is integrated with our payroll system to serve as a system of record."

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, Eprise for intranets 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 silkroad.com, follow them on Twitter @SilkRoadTweets or call 866-329-3363 (U.S. toll free) or +1-336-201-5100.

Ginger Nixon
SilkRoad Technology, Inc.
Email Contact
336-217-5505


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