SILKROAD TECHNOLOGY ACQUIRES ENTERPRISE LEARNING MANAGEMENT COMPANY

SilkRoad continues to expand its platform with a key acquisition in the learning management sector…Best,

Matthew Roszak

Winston-Salem, N.C. – (November 03, 2008) – SilkRoad technology, inc., a leading provider of talent management solutions, hasacquired VTN Technologies, Inc., the software-based training innovation firm  known for its Olé Online Learning Environment.  The announcement was made by Andrew J. “Flip” Filipowski, chairman, president and CEO of SilkRoad technology.  Financial terms of the transaction were not disclosed.   VTN’s Olé is a Web-based learning environment with more than 400,000 subscribed users across world-class client organizations including DirecTV and Rockwell Collins.  Olé reduces training costs by automating learning development and management processes.  The popular online learning environment product will be integrated into SilkRoad’s Life Suite under the new brand name GreenLight. “During these challenging times, companies have to accomplish more with less,” said Filipowski.  “The Life Suite from SilkRoad greatly contributes to cutting millions in costs, while helping HR departments maintain a positive culture and enable employees to perform at the peak of their capabilities.  Adding the VTN Olé Learning Environment to the SilkRoad Life Suite adds another critical component to the tools HR departments need to get the most out of their enterprises’ human resources.  One of SilkRoad’s most successful products, WingSpan, provides for performance management, succession planning and compensation strategies.  The VTN Olé Online Learning Environment will work hand in glove with WingSpan to provide a framework in which critical skills can be added to an employee’s ability to advance, become certified in a vital discipline and accomplish more than expected.” Today’s VTN acquisition announcement reconfirms the trio of initiatives that SilkRoad technology set forth in May 2008 after closing a $54 million round of equity financing.  Since the funding announcement, SilkRoad has invested extensively in internal product development, significantly expanded its worldwide direct sales footprint by opening offices in Singapore and Sydney in September, and has now made a strategic acquisition to accelerate the extension of its product line. “In our recent study on learning and development, 52% of Best-in-Class organizations had not only integrated their learning and development strategy with their organization’s overall strategy, but also had integrated it with their organization’s talent management strategy.  For these organizations, learning is a critical component of both pre-hire and post-hire talent management initiatives,” said Kevin Martin, vice president and principal analyst for human capital management at Aberdeen Group.  “Learning is essential to an individual’s professional development and integral to end-to-end talent management and this acquisition by SilkRoad rounds out its Life Suite.” Following the close of the transaction, VTN’s senior management team will take up positions with SilkRoad, and the company will maintain offices in VTN’s Edmonton, Alberta base of operations. “By joining forces with SilkRoad, we are in the enviable position of contributing to an industry leading organization that is truly forward-thinking,” said George Uhrich, CEO, VTN Technologies, Inc.  “The combined strengths of our learning platform and SilkRoad’s Life Suite offer an unparalleled package of solutions, and we are excited about the tremendous opportunities that lie ahead and look forward to the benefits this will bring to the industry.”

Honus Wagner baseball card sold for $1.62 million by Mastro Auctions

Big milestone…nice coverage below…Best, Matthew Roszak

A League Of His Own
Nina P. West, Artfact.com 08.25.08, 7:20 PM ET
Honus Wagner. Not exactly a household name, but among serious collectors of baseball memorabilia, his image is the hottest thing going.
This month a Wagner card sold for $1.62 million in Chicago, a record price for any baseball card at a public sale. No one was surprised. The Honus Wagner card is one of the most coveted pieces of baseball paraphernalia available and often referred to as the “Holy Grail.”

The buyer, John Rogers, calls his purchase the fulfillment of a lifelong dream. A baseball card collector since childhood, the Arkansas businessman remembers cutting out a copy of the Honus Wagner card from a magazine and carrying it around in his pocket for years. Decades later, on the prowl for an original, he was ecstatic when he found one this month at Mastro Auctions, a leader in sports memorabilia sales.

With the encouragement of his wife, he fought a four-minute bidding war against another buyer and ultimately came out on top. His purchase was made sweeter by the offer he received after the auction for $100,000 more than his $1.62 million purchase price. He turned the offer down but felt validation, saying that it made him realize, ”I’m not a nut.”

Rogers need not fear that he made a mistake. Other examples of the Wagner card have sold for as much as $2.8 million, a price brokered in 2007 for a card owned at one time by hockey star Wayne Gretzky and Bruce McNall, a former owner of the Los Angeles Kings. The card is so rare that even a tattered example can fetch $150,000.

Artfact Analysis:

A star shortstop for the 1900-1917 Pittsburgh Pirates, Honus Wagner’s card was issued in 1909. It was one of the first of hundreds of cards included by the American Tobacco Company in its packages of cigarettes. But Wagner demanded that his card be pulled after only 100 copies were made.

The exact reason for Wagner’s insistence upon the card’s removal has been lost in time, but the most widely accepted theory is that he disapproved of smoking and didn’t want to encourage kids to buy cigarettes. The other possible reason is that Wagner, who had a reputation as a tough negotiator, didn’t receive the compensation from the tobacco company that he thought he deserved.

Honus Wagner was inducted into the National Baseball Hall of Fame and Museum as one of five members of the inaugural class of inductees in 1936 alongside Ty Cobb and Babe Ruth. Yet the rarity of his baseball card and the record prices it has set have succeeded in immortalizing his name in baseball’s storied history far beyond the hallowed halls of Cooperstown.

Despite hitting its peak of popularity in the early ’90s, when the card industry set a record with $1.1 billion in sales, baseball card collecting remains big business. One reason for the relative decline in sales is a simple example of supply and demand. There are so many companies producing cards, some loading their packs with hot players to satisfy the buyers’ need for instant gratification, that they have diluted the cards’ values.

Another reason for the decline in sales is a lack of ”heroes.” Tarnished by tabloid tales of steroid abuse, unbecoming behavior and infidelity, many of today’s top players lack the aura and mystique that surrounded so many of the greats of the last century.

Two pieces of Babe Ruth memorabilia are among the most expensive–and famous–pieces of baseball memorabilia ever sold at auction. The original 1919 contract selling Ruth to the New York Yankees from the Boston Red Sox, allegedly dropping the “curse of the Bambino” on the Sox, sold on eBay for $996,000 in 2005. In December 2004, the bat Ruth used to hit the first home run at Yankee Stadium in the third inning of a game against his former team was sold by Sotheby’s for $1.265 million.

In the baseball card trade, collectors tastes vary, but Mickey Mantle’s rookie card from 1952, the Topps Hank Aaron card from 1958, the 1971 Milk Duds Pete Rose card and the 1961 Post cereals Joe Cunningham card are eternal favorites.

For all the latest in this area of the collectibles market and millions of other auction records for art and antiques, go to Artfact.com for a one-month free trial.
artfact_360x65.jpgT206 White Border Honus Wagner ''Jumbo''

Mastro Auctions Presents: “Legends of the Gridiron”-and the Diamond Live Sports Auction

This is a fabulous collection…Best,

Matthew Roszak

A unique, important sale of sports memorabilia…

Session One: Legends of the Gridiron
One the largest private collections of high-end football memorabilia ever offered at public sale, featuring Charles White’s 1979 Heisman Trophy, a 1960’s Jim Brown Cleveland Browns game worn jersey, a Johnny Unitas 1971 Baltimore Colts game worn jersey, and a Bart Starr Green Bay Packers game worn helmet, to name just a few.

Session Two: Legends of the Diamond
This session of the auction will consist of no more than 100 stunning items, carefully selected to represent the best of the best of baseball memorabilia the hobby has to offer.

Visit http://www.mastroauctions.com for more information.

Viwawa to launch new game at GCA 2008

The team has worked very hard to get this game completed…way to go!…Cheers,

Matthew Roszak

Viwawa, Singapore’s number one MMO Casual game site will preview its latest casual game – Groword, where players form words to help their plants in their virtual garden flourish.

“Pendulab, (the company behind Viwawa, Singapore’s largest home-grown MMO Casual game site), is proud to participate in Asia’s definitive gaming event, Games Convention Asia. GCA 2008 provides a premier environment for the game industry to interact and grow together. The various thought leaders and gaming companies will be here and this year promises to be an exciting time for all of us.” said Christopher Low, Managing Director of Pendulab.

Visit http://www.viwawa.com for more information about its new game.

SilkRoad technology Expands Global Footprint in Asia Pacific Region

Terrific team in a fast growing region…Cheers,

Matthew Roszak

FOR IMMEDIATE RELEASE

SilkRoad technology Expands Global Footprint in Asia Pacific Region with Senior Executive Appointments
Recent Funding Empowers Market Growth in Singapore and Australia
Sep 08 2008

Winston-Salem, N.C. – (September 8, 2008) – SilkRoad technology, inc., the leading provider of talent management solutions, announced today that the firm has expanded their global operations naming Peter Earnshaw Managing Director, Asia and Nicholas Roi as Managing Director, Australia. In addition, the firm is opening offices to support direct sales and marketing efforts in Singapore and Sydney, Australia. SilkRoad announced a $54 million dollar investment round earlier this year to build out operations that capitalize on the increasing global market demand for talent management solutions.

“I am pleased to announce that SilkRoad is delivering on our promise to investors to expand our operations and infrastructure to support our expanding client base worldwide,” said Andrew J. “Flip” Filipowski, Executive Chairman & Chief Executive Officer, SilkRoad technology. “The addition of Peter Earnshaw and Nicholas Roi ensures that our customers in the Asia Pacific region will receive outstanding customer service and enjoy solutions that enable them to recruit and retain the best talent.”

With over ten years experience in technology and software, Earnshaw is based in Singapore and will lead the overall sales and marketing efforts for the Asia-Pacific region. Prior to joining SilkRoad technology, he was the Asia Pacific Director for Vurv Technology, which he launched in 2005. During his tenure, he built Vurv’s client base to include Singapore Airlines, HSBC, MGM Macau and Coca Cola Amatil until it was sold to Taleo in 2008. His previous roles include Business Development Manager for an Australian e-recruitment software provider responsible for key clients such as AirNZ, Mallesons and Woolworths.

Based in Sydney, Roi will lead the Australian sales and marketing efforts. He brings a deep knowledge of enterprise software with experience in the HR/Talent Management Software space gained during his time at Vurv as the Australian sales director. Roi’s team in Australia will report to Earnshaw, reprising the successful partnership Roi and Earnshaw enjoyed at Vurv.

About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service (SaaS) solutions that significantly improve the talent within its more than 800 customers across the globe. Through SilkRoad’s Life SuiteTM, an integrated talent management solution, companies are able to hire better employees, identify high and low performers, drive a pay-for-performance culture and improve employee tenure. The SilkRoad Life Suite solution set includes OpenHireTM for recruiting management, RedCarpetTM for employee onboarding and life events, WingSpanTM for flexible employee performance management, GreenLightTM for compensation management, and EpriseTM for employee intranets and content management.

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.silkroad.com or by phone: U.S. toll free at 866-329-3363 or internationally at +1-336-201-5100.

SilkRoad technology Completes $54 Million Round Of Equity Financing

We are proud about this recent release.

Thanks,

Matthew Roszak

FOR IMMEDIATE RELEASE

SilkRoad technology, inc. Completes $54 Million Round Of Equity Financing
Foundation Capital Leads Investment   Mike Cullinane Named CFO
Winston-Salem, N.C. – May 15, 2008 – SilkRoad technology, inc., the creator of the popular Life Suite
TM
of web-based talent management solutions, announced today that it has closed on a $54 million equity round of capital led by new investor Foundation Capital, and including existing investors Azure Capital Partners, SilkRoad Equity and several individuals.  Plans for the current round of capital include a significant expansion of SilkRoad technology’s worldwide direct sales and marketing efforts, strategic acquisitions and new product development.  In a related announcement, Mike Cullinane has been named Chief Financial Officer of the company.   “The software as a service space, and especially the talent management segment of it, is one of the greatest opportunities for value creation that I have ever personally observed in the software industry,” said Andrew J. “Flip” Filipowski, Chairman and CEO at SilkRoad technology.  “As we pursue our mission, I could not hope for a better management team nor a better investor group to help us achieve our goals.  Adding Mike Cullinane as our CFO, and having both Warren Weiss and Cameron Lester join our board makes it almost unfair to our competition.  We now have the products, the team and the financial resources we need to succeed.”  Warren Weiss, General Partner at Foundation Capital, who joined the board of directors of SilkRoad technology in conjunction with the funding, said, “Flip and the team at SilkRoad technology have built an incredibly compelling business that is perfectly positioned to capitalize on the converging growth curves of talent management and the software as a service model.  SilkRoad’s track record of success in serving enterprises of all sizes and in industries as diverse as banking, healthcare, technology, entertainment, and manufacturing made this investment both an easy decision and a truly exciting opportunity for Foundation Capital and the other investors in the round.”  Mike Cullinane has joined SilkRoad technology, inc. as Chief Financial Officer and a member of the company’s board of directors.  Cullinane was previously CFO of Lakeview Technology, Inc.  Earlier in his career, he worked closely with Filipowski as CFO of Platinum Technology.  “It is an honor to be associated with such a wonderful team that has accomplished so much in a few short years,” said Cullinane.  “I look forward to working with the company as it moves to its next levels.”  “We are excited to have Foundation Capital join us as investors in the company,” said Cameron Lester, a General Partner with existing investor Azure Capital Partners, which also participated in this round of funding.  SilkRoad has the large market opportunity, the world-class leadership team, the best-in-class products and the long-term vision to become a very large company.”

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About me…

Entreprenuer and investor, Matthew Roszak is co-founder and managing director of SilkRoad Equity, a private investment firm.  Mr. Roszak has invested in excess of $1 billion of capital in a broad range of industries, with experience in executing a broad scope of transactions including mergers, acquisitions and divestitures; corporate and transactional financing, including private equity, venture capital, mezzanine and conventional financings; public offerings, private placements and financial restructurings.