SilkRoad technology Expands Global Footprint in Asia Pacific Region

Terrific team in a fast growing region…Cheers,

Matthew Roszak


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 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.


Matthew Roszak


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
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.”