Combined offering from SaaS innovators engages employees to improve the speed and quality of hiring

Dan Finnigan, CEO, and Jamie Glenn, Chief Product Officer with Jobvite both appeared on the HRchitect WebMingle on July 8, 2010. If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

This week at Workday Rising 2011, Jobvite, the leading recruiting platform for the social web, announced a partnership with Workday, the leader in SaaS-based enterprise solutions for global human resources, payroll and financial management. Jobvite will integrate its award-winning social recruiting and applicant tracking innovations with Workday Human Capital Management (HCM).

Jobvite provides social recruiting technologies on a subscription basis that work across social networks and lead the market in their proven ability to drive referral hires. Jobvite enables jobs to be shared across social networks, on websites and via email not just by recruiters and hiring managers but by every employee of its client companies. The company’s Software-as-a-Service products automate all of the steps in the hiring process and provide complete visibility via real time analytics.

The Jobvite integration with Workday will lower cost and implementation time for connecting these leading solutions for recruiting and human capital management. It will enable customers of both solutions to plug Jobvite into their Workday infrastructure and seamlessly share current data across platforms.

“One of the benefits of cloud-based SaaS solutions is the flexibility to choose the best solutions to meet business needs. HR leaders have asked for us to integrate with Workday because it has been built from the ground up for today’s business consumer of web-based services,” said Dan Finnigan, President and Chief Executive Officer of Jobvite. “Now our joint customers can integrate company directory into Jobvite making it easy to engage all employees in referral hiring and manage a productive recruiting process.”

Our companies share a philosophy about enabling employees throughout the company to be productively engaged in managing key business processes. We’re happy to partner with Jobvite to bring valuable social recruiting and applicant tracking innovations to our loyal Workday customers,” said Jeff Pulver, Workday’s vice president, business development.

For more information on Jobvite, please visit www.jobvite.com

 
Matt Lafata, HRchitect

Partnership Will Deliver Engagement Learning Library Through Eprise

HRchitect featured SilkRoad in our 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 competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009, and the HRchitect IRONMAN on Mid-Marketing Talent Acquisition Systems on June18, 2010, where they were crowned the winner of each. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010 and May 2011.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

SilkRoad technology, inc., a leading global provider of cloud-based talent management solutions, together with The Employee Engagement Group, a leading talent management consulting firm, announced today they have entered into a collaborative partnership, combining The Employee Engagement Group’s world class learning content with SilkRoad’s innovative Internet-based content management and technology solution, Eprise.

The Employee Engagement Group is pleased to introduce The Engagement Learning Library, believed to be the first of its kind in the industry. This Internet-based library, consisting of world class talent management tools, training programs, templates, and related resources, will be made available to clients on an annual subscription basis via SilkRoad’s Eprise platform.

The engagement resources are structured to help companies increase employee engagement to drive business results. The tools are designed from the 10 steps of employee engagement as described in Bob Kelleher’s critically acclaimed book, Louder than Words – 10 Practical Employee Engagement Steps…that Drive Results!

The Engagement Learning Library includes:

• Complete training programs with slide shows, handouts, workbooks and exercises

• Templates for designing your own engagement processes

• The latest engagement research, case studies, statistics and articles

Material can be easily customized to fit a client’s organizational brand and existing look and feel. By subscribing to the Engagement Library, these resources become an extension of a company’s organizational development or human resources department.

“We are thrilled to partner with SilkRoad, a firm we respect immensely,” says The Employee Engagement Group’s CEO, Bob Kelleher. “After getting to know their outstanding people, and experiencing their world class technology, they were our top choice to collaborate on this exciting new product offering.”

“Most consultants help companies decide ‘what’ to do,” says Kelleher. “We go beyond that and teach our clients ‘how to do it’ by offering them access to our extensive library of world class talent management tools. SilkRoad’s technology will enable HR and OD departments to leverage the power of cloud computing to instantly download already prepared training content at a fraction of the cost of developing the content themselves.”

“We couldn’t be more pleased to partner with Bob and The Employee Engagement Group,” said Andrew J. “Flip” Filipowski, CEO, SilkRoad technology. “With talent management top of mind for companies everywhere, maximizing productivity of the workforce is critical to the success of any business. The Engagement Learning Library will provide companies with the tools they need to engage employees and increase productivity.”

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

 
Matt Lafata, HRchitect

Cited as “The Learning Leader” in Comprehensive Analysis of Current Offerings

HRchitect featured Plateau in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and Learning Management Systems vendors that businesses should consider. Jeff Kristick, Sr. VP Marketing of Plateau Systems appeared on the HRchitect WebMingle on April 3, 2009.  

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Plateau Systems has been positioned as a “Leader” in the The Forrester Wave™: Talent Management, Q2 2011, published this week (May 23, 2011) by Forrester Research, Inc. Plateau achieved positioning in the Leaders Waves across Performance, Learning and Integrated Performance and Learning, and was cited as “the Learning Leader” in the report.

The report states: “In Forrester’s 108-criteria evaluation of talent management vendors that offer suites for both learning and performance, we found that Plateau edged out [the other evaluated vendors] for the top spot. Plateau’s stellar core learning functionality, coupled with advancements in performance management, boosted it to the top of the Leader category.”

The Plateau Talent Management Suite allows HR leaders and managers to bring the best out of their people — by automating and improving key talent management processes, delivering ongoing learning and development, and providing critical insight about the workforce.

“Plateau has been recognized as a leader in talent management, and was cited as the learning leader, one of the most critical aspects of talent management,” said Paul Sparta, chairman and CEO of Plateau Systems. “I’m immensely proud of the technology innovation and customer support that are behind our position as a leader in the Forrester Wave.”

Plateau recently entered into a definitive agreement to be acquired by SuccessFactors, the global leader in business execution cloud-based SaaS software, which is expected to close in summer 2011. Following the close of the acquisition, Plateau Learning and other products will be integrated with SuccessFactors’ BizX suite.

“The newest industry assessment of who is strongest in Learning brings tears to our eyes at SuccessFactors, and warrants our investment thesis. Reorganization that Plateau ‘edged out [the other evaluated vendors]‘ and words like ‘stellar core learning functionality’ shows that our acquisition combines the clear best-in-class in Learning, with SuccessFactors’ best-in-class Talent Management. No. 1 and no. 1 respectively joining hands to provide total cradle-to-grave people applications, including hiring and onboarding, the system of record for content, formal, informal and social learning, and all talent management, social and collaboration, and reporting and analytics — delivered in the cloud in every part of the world,” said Lars Dalgaard, founder and CEO of SuccessFactors. “I’d like to congratulate Paul and his team for achieving this recognition as a Leader from Forrester Research, and I personally can’t wait to start working with them as part of the SuccessFactors team.”

Dalgaard continued, “That Plateau was also recognized as the leader in combined Performance and Learning shows us that their expertise extends beyond just learning to master the key integration points and data flows that encompass an end-to-end employee engagement platform, and that this problem has already been figured out in the best possible way for our customers to enjoy. In fact, the first integrated customers are live and we are excited about the many new customers that have called us already in anticipation of what is to come in combining Plateau and SuccessFactors.”

For more information about Plateau, visit www.plateau.com.

 
Matt Lafata, HRchitect

According to report, Cornerstone edges out the competition to become the strongest performance management software vendor; also receives high customer ratings

HRchitect featured Cornerstone OnDemand in our release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Charles Coy participated in the HRchitect WebMingle on January 16, 2009. Cornerstone OnDemand participated in the Talent Management Systems Beauty Pageant in December 2008, where they were crowned the winner.

If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is always available to help!

Learning and talent management software provider Cornerstone OnDemand (NASDAQ: CSOD) today announced that the company has been ranked as a “Leader” in the May 2011 report, “The Forrester Wave™: Talent Management, Q2 2011” by Forrester Research Inc.   

“As a true multitenant, SaaS-only offering, Cornerstone edged out the competition to become the strongest performance vendor,” stated the report.  “Customers give Cornerstone high ratings for delivering a product that meets their needs.  Cornerstone is the only company we evaluated that has nearly equal numbers of customers deploying learning and performance.” 

Forrester’s vendor assessments covered three categories, including learning, performance, and combined learning and performance.  Assessments included evaluation of each vendor’s current offering, strategy and market presence. 

In recent months, Cornerstone has been recognized as a leader in three other vendor and market studies, including IDC’s 2011 Integrated Talent Management MarketScape report1, the 2011 Gartner Magic Quadrant for Corporate Learning Systems report2 and the 2011 Gartner Magic Quadrant for Employee Performance Management Software report.3  Strengths called out in the reports include customer experience, product capabilities and innovation, and the scalability of Cornerstone’s SaaS architecture. 

“Cornerstone is the only pure play, organically developed SaaS solution to be recognized in these recent analyst reports as a leader in both the learning and performance management categories,” said Adam Miller, president and CEO of Cornerstone OnDemand.  “Other vendors may be rushing to fill out their talent management functionality or make the switch to SaaS, but we’ve been there with an integrated SaaS solution from the beginning.”

For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.
Matt Lafata, HRchitect

Leading talent management software company hires tech industry veteran to support company’s rapid growth

HRchitect featured Cornerstone OnDemand in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Charles Coy participated in the HRchitect WebMingle on January 16, 2009. Cornerstone OnDemand participated in the Talent Management Systems Beauty Pageant in December 2008, where they were crowned the winner. 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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

Cornerstone OnDemand Inc., the leading provider of integrated learning and talent management software and services, announced today it has appointed Mark Goldin as the company’s Chief Technology Officer. As CTO, Goldin will execute Cornerstone’s overall technology strategy and will lead the engineering team in support of the company’s continued aggressive growth.

Goldin joins the Cornerstone team with more than 15 years of experience as a Chief Technology Officer leading high growth companies to market leadership positions through technology-driven strategies. Prior to joining Cornerstone, Goldin was the Chief Operations and Technology Officer at Green Dot Corporation where he oversaw application development, IT infrastructure, supply chain and logistics, and call center operations with a team that helped grow valuation by greater than a factor of 10 in just three years. Prior to this, Goldin served as Senior Vice President and CTO at Thomson Elite where he conceived, founded and ran Software-as-a-Service (SaaS) pioneer Elite.com and helped lead the company to market dominance. Goldin also held positions as CTO at DestinationRx and Managing Director at Trace Alexander Ltd.

In his new role at Cornerstone, Goldin will be instrumental in building and directing the company’s technology strategy, which will allow the organization to scale effectively and efficiently in the midst of rapid growth.  He will oversee application architecture, development, quality assurance and technology operations while leading a world-class team of engineers to assure Cornerstone’s continued excellence in providing innovative and feature-rich talent management software.

“I am delighted to be leading the technology team at Cornerstone, one of the best I have ever worked with.  In many ways, my career has been leading up to this,” said Goldin.

“Mark’s wealth of technology experience and proven leadership skills make him a great addition to our team,” said Adam Miller, President and CEO of Cornerstone OnDemand. “His extensive experience with all aspects of building and managing web-based enterprise software solutions will be critical to ensuring we scale efficiently as we continue to innovate and grow rapidly.” 

For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.
Matt Lafata, HRchitect

Strong Market Momentum from Recent Softscape Innovations Drives Growth Across Company’s Entire HR Product Platform

HRchitect featured Softscape in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Dave Watkins, Softscape’s CEO and Co-Founder appeared on the HRchitect WebMingle on June 19, 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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

Softscape, an innovator powering complete people management solutions, today announced a 263% growth in Q2-2010, compared to Q1-2010, with a surge of new business across its global operations. The company attributes this rapid growth to increasing demand specifically for Softscape’s broader and more complete HR technology infrastructure that enables organizations to better manage workforce efficiencies and prepare for business growth as the global economy begins to accelerate.

Softscape delivered sustained business expansion and profit with all global divisions contributing to strong performance year-to-date leading to a record-breaking second quarter, and a 29% overall growth for the first half of the year. The second quarter of 2010 also represented a 92% increase over the same period last year, including a 71% increase in sales for the company’s cloud offering. Net sales rose 94% in the US alone for the first half of 2010, compared to last year. The majority of new customers, nearly 80%, are purchasing multiple software suites at initial contract which represents an increasing trend across the market. The average deal size for the company also nearly doubled, with many multi-million dollar global contracts signed, as more and more organizations recognize the value of a single and complete HR software platform.

The company’s new customers range in size and across diverse industries including Agriculture, Transportation, Business Services, Computer Software, Construction, Energy & Utilities, Food & Beverage, and Manufacturing. New customers have included 7-Eleven, Dave & Buster’s, and JE Dunn, as well as growing partnerships and resellers across the globe such as Ascendis in Romania, Human Dynamics in South Africa, and HMP in Germany.

Softscape also recently announced several new product innovations: 

• New People Advisor™ series for real-time view of workforce effectiveness while helping managers make better and more informed decisions.
• Smart Coaching™ to highlight potential workforce problems with embedded expert direction for leaders upon which they can easily act.
• Talent-based Learning Platform with significant new capabilities including new “My Learning” portal, enhanced certification and compliance tracking, new social-based learner views, and enhanced demand management.
• Manager Insight™ with advanced searching and expanded social networking-based user interface spanning entire platform.
• Hiring & Recruiting assessments with Gallup integration to better assess and select top candidates.
• Talent Mobility™ solution to reduce top performer flight by providing improved global visibility and processes for talent rotation.

 In addition, newly established efficiency programs across the company’s service and support organizations have also contributed to on-going improvements with a direct positive impact on operating income and profit margins. Operational efficiencies include new methodologies and internal processes for managing new customer on-boarding, system and requirement analysis, implementation and deployment, support and customer care, as well as development efficiencies for rapid product advancements.

“We continue to innovate the industry with groundbreaking developments that are rooted in helping customers today and tomorrow,” said Dave Watkins, CEO and co-founder of Softscape. “Softscape’s continued growth has enabled us to further invest in advancing how organizations can better manage their workforce. Our forward approach, and deep analysis of where this market is heading and how organizations can better navigate the changing economic and workforce conditions, is testament to our on-going dedication to the market and our customers.”

For more information about Softscape’s solutions, please visit http://www.softscape.com.
Matt Lafata, HRchitect

HRchitect’s latest educational webinar series pits software vendors against one another

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 competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009, and the HRchitect IRONMAN on Mid-Marketing Talent Acquisition Systems on June18, 2010, where they were crowned the winner of each. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010.

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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

SilkRoad technology, inc., a leading provider of talent management solutions, announced today the company was named the winner of the June 2010 HRtechnology Ironman. SilkRoad’s market leading Life Suite product OpenHire competed in the Mid-Market Talent Acquisition Systems Ironman competition on June 18th.

The competition is the latest in HRchitect’s educational webinar series and has software vendors compete against one another to prove who can “swim better,” “bike stronger” and “run faster.” HRchitect recently developed the series of webinars as a way to educate consumers on the human resource technology choices available.

In these fast-paced web events, vendors compete head-to-head in each category. Spectators then vote after each portion and the vendor with the most total votes receives the medal and is named HRtechnology Ironman. In the competition vendors must prove their advantages over the competition in each category including:

Swimming – In this category vendors discuss company history, overview, specific identity, financial viability, marquee clients and leadership team.

Biking – During the biking portion the vendors showcase their product’s functionality, technology/integration, usability and configurability.

Running – In this segment of the competition the vendors discuss the key differentiators of their solution and their company.

Media Interviews – Finally, the vendor is judged based on answers to questions from the audience.

At the conclusion of the competition, SilkRoad technology was voted the winner and named HRtechnology Ironman.

“We enjoyed participating in the webinar and are honored the audience selected us as the Ironman winner,” said Thomas Boyle, Director of Product Strategy, SilkRoad technology. “We always welcome any opportunity to show what sets our products and company apart from other vendors.”

SilkRoad provides Web-based talent management solutions, including OpenHire, a market-leading recruiting management solution, RedCarpet, onboarding and life events management solution, WingSpan for flexible employee performance management, GreenLight for learning management, Eprise for employee intranets and content management and HeartBeat for core HR.

You can see SilkRoad’s winning Ironman webinar here.

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

Presentations to Focus on Alignment of Business and HR, Delivering on the Employer Promise

HRchitect featured Kenexa 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 and top Talent Management Systems vendors that businesses should consider. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009 and Derek Bluestone, VP Product Marketing appeared on June 17, 2010. 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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

Kenexa (NASDAQ: KNXA), a global provider of business solutions for human resources, today announced two additions to its keynote speaker lineup for the upcoming 2010 Kenexa World Conference, which will be held Tuesday, September 21 through Thursday, September 23, 2010, in Philadelphia, Pa. Joining a stellar roster of speakers that includes a keynote presentation from best-selling author Malcolm Gladwell, Sam Fouad of Ernst & Young and Peter Goerke of Zurich Insurance Company Ltd. will provide their perspectives on the complex issues affecting employees and organizations today.

As Global Managing Partner – People at Ernst & Young, Fouad is responsible for ensuring the company’s 144,000 employees receive market-leading opportunities for personal and professional development. During his presentation, “Aligning the strategy and operations of business and HR in a dynamic global economy,” Fouad will explain the importance of knowing and understanding a company’s true business imperatives while creating a people culture that is special to the organization and its clients. Exploring how to improve, nurture and prove the people culture to employees, Fouad also will share how Ernst & Young has successfully built a consistent culture around the world.

Peter Goerke, Group Head of Human Resources for Zurich Insurance Company Ltd., will present “Leveraging your employer promise to attract, engage and retain talent,” which will address how to clearly articulate the employer promise and deliver on it to create the right environment for long-term success. With responsibility for creating an engaged employee population at Zurich, an insurance-based financial services provider with 60,000 employees, Goerke knows how to enhance employee engagement through an integrated talent management platform, demonstration of the company’s core values, active management of the company’s brand and a focus on global development opportunities.

The fifth annual Kenexa World Conference promises to transform HR through outliers, helping organizations move beyond potential to drive business performance. To reveal true human potential to improve business results, companies must identify and nurture high performers and create the right environment for them to thrive. Attendees of the conference will come to understand how the right individuals in the right environment lead to ultimate success.

The 2010 Kenexa World Conference will be held at The Sheraton Society Hill Hotel, One Dock Street, Philadelphia, Pa. More information is available at www.kenexa.com.

For more information on Kenexa, please visit www.kenexa.com
Matt Lafata, HRchitect

Acquisition Will Significantly Expand ADP’s Presence in the Benefits Marketplace

HRchitect featured Workscape in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems vendors that businesses should consider. Tim Clifford, President and CEO of Workscape, appeared on the HRchitect WebMingle on May 15, 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.

ADP®, a leading provider of HR, payroll, and benefits administration services, today announced it has entered into a definitive agreement to acquire privately-held Workscape, Inc., a leading provider of integrated benefits and compensation solutions and services.

Based in Marlborough, Mass., Workscape serves a broad client base, including numerous Fortune 250 companies, and provides solutions to more than 3.5 million users with services deployed in over 180 countries, 48 currencies and 70 languages. As such, the acquisition will significantly expand ADP’s presence within the benefits marketplace for large, complex organizations.

Closing of the acquisition is expected in the third quarter of calendar 2010 and is subject to customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction is not subject to financing. Terms of the proposed agreement were not disclosed.

For more information on ADP, please visit www.adp.com

For more information on Workscape, please visit www.workscape.com
Matt Lafata, HRchitect

Awards will be presented on June 24 at event in San Diego

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 competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009, and the HRchitect IRONMAN on Mid-Marketing Talent Acquisition Systems on June18, 2010, where they were crowned the winner of each. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. Finally, HRchitect attended the SilkRoad user conference, SilkRoad Connections, in May 2010.

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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

SilkRoad technology, a leading provider of talent management solutions, announced today it was named a finalist in Red Herring’s 100 North America award, a prestigious list honoring the year’s most promising private technology ventures from the North American business region.

The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.

This unique assessment of potential is complemented by a review of the actual track record and standing of a company, which allows Red Herring to see past the “buzz” and make the list an invaluable instrument for discovering and advocating the greatest business opportunities in the industry.

“Red Herring’s recognition of SilkRoad technology is an honor and further supports the strength of our business and the products we offer,” said Andrew J. “Flip” Filipowski, CEO of SilkRoad technology. “Our commitment to innovation and ongoing product development keeps us leaders in our space and helps in our continued company growth and expansion.”

“This year was especially difficult,” said Alex Vieux, publisher and CEO of Red Herring. “Despite the global economic situation, there were many great companies producing really innovative and amazing products that we had a difficult time narrowing the pool and selecting the finalists. SilkRoad technology shows great promise therefore deserves to be among the finalist. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring North America award. We know that this year’s crop will grow into some amazing companies that are sure to go far.”

Finalists for the 2010 edition of the Red Herring 100 North America award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, and clean tech industries sent in their submissions to qualify for the award.

You can see a complete list of finalists here.

The finalists are invited to present their winning strategies at the Red Herring North America Conference in San Diego, June 22-24, 2010. The Top 100 winners will be announced at a special awards ceremony on June 24 at the event.

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