SilkRoad Technology Announces Q1 Results For 2007

100% year/year bookings growth and continued suite adoption contribute to success.

The war for talent continues to heat up, and it is wonderful to see continued recognition from the market that SilkRoad technology's solutions hit the mark perfectly

Winston-Salem, N.C.(PRWEB) May 14, 2007 -- SilkRoad technology, Inc., a leading provider of talent management solutions, announced today that the company achieved its eighth consecutive quarter of 100% bookings growth over the same quarter in the previous year. SilkRoad's continued success validates its strategy to offer a comprehensive suite of talent management solutions to a receptive market, with over 30% of new customers electing to purchase more than one SilkRoad solution.

Among the company's new clients are The Gap, Noodles, Bayview Financial, Citizens Communications, Priceline.com and Medialine. SilkRoad also strengthened relationships with existing customers such as Scottrade, who upon realizing tremendous benefits in their ability to more effectively recruit top talent in the year since implementing SilkRoad's OpenHire recruiting management solution, decided to expand their relationship by adding SilkRoad's RedCarpet (onboarding), WingSpan (employee performance management) and GreenLight (compensation management) solutions.

SilkRoad continues to make its mark in the industry , with the SilkRoad Life Suite™ being nominated for two top industry awards in the first quarter. The Life Suite™ comprises five subscription-based solutions that enable organizations to connect with and maximize their top talent throughout the entire employee life cycle. The Life Suite™ includes 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.

"The war for talent continues to heat up, and it is wonderful to see continued recognition from the market that SilkRoad technology's solutions hit the mark perfectly," said Brian Platz, general manager SilkRoad technology. "Our unique capabilities to help companies deliver on a powerful talent brand, easy to use solutions, and our SilkRoad Experience, what we call the dedication and commitment we have to the success of every customer, is proving to be a powerful combination."

About SilkRoad Technology
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.

Contact:
Todd Beck - 310.689.7363   
James Finch - 310.689.7224
Beck Media & Marketing - 310.689.7363

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employee onboarding employee performance management application compensation tool intranet and content managment system openhire redcarpet eprise greenlight wingspan the life suite applicant tracking

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