SilkRoad technology Honored by NCTA
Winston-Salem, N.C. – (November 20, 2008) – SilkRoad technology, a leading provider of talent management solutions, announced today it was recognized as the “Top Venture Capital Invested Company of the Year” by the North Carolina Technology Association (NCTA) at its 15th annual NCTA 21 Awards gala, November 13th, which celebrated the patriotic theme “The Election of 2008.” The awards program annually honors companies and individuals from North Carolina’s technology industry for excellence in leadership and innovation. More than 450 industry executives and thought leaders attended the event. The awards program was presented in conjunction with Grant Thornton LLP, a leading accounting, tax and business advisory organization, which also directed the awards selection process earlier this year in collaboration with past and present NCTA chairpersons.
This year SilkRoad’s growth and widespread recognition as an industry leader spurred investors to contribute $54 million in venture capital for the expansion of worldwide direct sales and marketing efforts, strategic acquisitions and new product development. The $54 million in capital has already allowed SilkRoad to expand their global operations by opening offices to support direct sales and marketing efforts in Singapore and Sydney, Australia, and to acquire VTN technologies and its well-known Olé online learning environment.
“Winning the NCTA 21 Award for ‘Top Venture Capital Investment of the Year’ is a great honor,“ said Andrew J. “Flip” Filipowski, CEO SilkRoad technology. “The funding will continue helping us improve our best-in-class products, and add to our world-class leadership team.”
NCTA’s 21 Awards program is segmented into five categories: technology industry, stage of development, functional, leadership and excellence.
“The 2008 NCTA 21 awards was by far our most competitive with an outstanding list of finalists and a group of award recipients who distinguished themselves through outstanding achievement and superior performance,” said Brooks Raiford, president and chief executive officer of NCTA. “I congratulate SilkRoad technology for receiving an NCTA 21 award and for the passion to lead, innovate and create.”
The North Carolina Technology Association’s mission is “Making North Carolina #1 in Technology and Technology #1 in North Carolina.” The organization does this through three main focus areas: executive engagement, public affairs, and enabling member transition to a technology-enabled workforce. For more information, visit our website at www.nctechnology.org.
About SilkRoad technology, inc.
SilkRoad technology, inc. provides software as a service (SaaS) solutions that significantly improve the talent within its more than 900 customers across the globe. Through SilkRoad’s Life Suite™, 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 includes OpenHire™ for recruiting management, RedCarpet™ for employee onboarding and life events, WingSpan™ for flexible employee performance management, GreenLight™ for organizational learning, and Eprise™ 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; Jacksonville, Florida; Hamburg, Germany; Edmonton, Alberta, Canada; Singapore, Republic of Singapore; Sydney, Australia. 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.