SilkRoad technology Announces Q3 Results for 2009…from SilkRoad

 

Success driven by new product and continued adoption of Life Suite

HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad participated in the Onboarding Systems panel on June 10, 2009 as part of theHRshow. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009 where they were crowned the winner. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.

SilkRoad technology, inc., a leading provider of talent management solutions, announced today that the third quarter of 2009 marked the 25th consecutive period of sales growth for the company. Highlights from the quarter include SilkRoad’s new core HR system, HeartBeat; the industry’s first talent management assessment tool; an expanded alliance with top employment site Monster; and continued widespread adoption of the company’s Life Suite solutions.   

SilkRoad had a record Q3 with its dominant recruitment management and retention strategy solutions, OpenHire and RedCarpet, driving more effective talent acquisition through the use of social networks and strategic talent brand management. Healthfirst, US Oncology, Inc., and Wake Forest University all purchased both OpenHire, for recruiting management and RedCarpet, for employee onboarding and life events. Other clients purchasing the Life Suite included: Life Style Family Fitness, Pratt Institute, USAble Life, CentralCare, Cook Children’s Health Care System, Renal Ventures Management, LLC, SIRVA, and Summa Health System. 

“This has been another very exciting quarter for SilkRoad with a sizeable number of clients opting to purchase multiple Life Suite products,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology.  “With the addition of our new product HeartBeat, we have been able to extend what was already an unparalleled package of talent management and HR solutions.”  

“As always, we are very excited about our ongoing partnerships.  This quarter our work with Aberdeen Group generated a groundbreaking talent management assessment tool for the industry and our extended alliance with Monster helps clients get job postings out as quickly as possible.  Both of these initiatives further our perpetual goal: helping every company recruit and retain the best fit talent for their organizations,” continued Filipowski.

At the annual HR Technology Conference in September, SilkRoad announced a new proprietary Software as a Service Core HR solution that will join its award-winning Life Suite.  The new product, HeartBeat, allows secure and reliable access to key HR information for both employees and management by creating a “system of record” to store all employees’ core data. 

With HeartBeat, both workers and managers have access to and can act on HR information relevant to them.  The core HR system also allows for easy creation of analytics and reporting, from complete organizational charts and headcount reports to specific business unit and work analytics, offering insight and strategic value in managing enterprise human capital.

This quarter SilkRoad also announced the availability of the first interactive talent management assessment tool designed specifically for the Human Resources industry. SilkRoad’s talent management benchmark tool, which is free to users, allows organizations to compare their performance against companies from around the world.  The benchmark tool was created in partnership with Aberdeen Group and will help companies identify areas for improvement across their talent management portfolios. In order to compile the data used in this tool, Aberdeen collected and analyzed data, including over 640,000 data points, from more than three thousand organizations around the world.

At the end of September, SilkRoad received a top ranking in the 2009 Aberdeen AXIS report for Talent Acquisition Systems. The AXIS report provides a Best-in-Class performance evaluation, and assessment of each vendor’s market readiness as determined by over 250 evaluation criteria. “We are extremely proud to not only be included in this report, but to be a clear market leader for Applicant Tracking and Talent Acquisitions,” said Brian Platz, SilkRoad COO.

SilkRoad also extended its alliance with Monster, the leading global online careers and recruitment resource, to provide real-time posting tools into the OpenHire recruiting management solution. These newly available tools will enable SilkRoad technology customers to seamlessly post their open positions and manage applicant data. With the real-time posting feature, customers can post jobs from OpenHire to Monster in real-time, making job postings available to jobseekers sooner than ever before. Additionally, SilkRoad has been able to take advantage of some of Monster’s advanced integration components, allowing organizations to view available inventory in real-time without ever leaving OpenHire.

Last but certainly not least, SilkRoad was honored by The Business Journal in September as the number 12 fastest growing company in the Triad area.  The Business Journal counted down the region’s fastest growing privately held companies at an event that annually honors the successes of private businesses and their owners – as well as the growth and contribution of the 50 most dynamic companies that have strong impact on the Triad’s economic success.

For more information on SilkRoad, please visit www.silkroad.com

 
Matt Lafata, HRchitect

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