SilkRoad, Inc.
| Corporation | |
| Industry | Human Resources Software |
| Founded | Winston-Salem, North Carolina, US (2003) |
| Founder |
Andrew Filipowski Brian Platz |
| Headquarters | Chicago, Illinois, United States |
Area served | Worldwide |
Key people | John Shackleton, President & CEO; Merri Bonino, CFO; Brian Platz, EVP, COO; Edward Vesely, EVP, CMO; Tracy McCarthy, CHRO; Steven Worth, EVP, General Counsel[1] |
| Products | Life Suite, OpenHire, RedCarpet, WingSpan, GreenLight, HeartBeat, Point |
| Revenue |
 US$ 41.1 million[2] |
Number of employees | 520[2] |
| Website |
SilkRoad |
SilkRoad, Inc. is an American multinational human capital management software company. SilkRoad provides cloud-based HR software solutions that enable customers to find, attract, develop, and retain talent.[3] SilkRoad is headquartered in Chicago, Illinois, and has regional offices around the world. The company has more than 1800 corporate clients, that are primarily small-to-medium sized businesses, and larger clients including Accenture, IBM, eBay, L'Oréal, and Clear Channel Communications.[4]
History
SilkRoad, Inc. was founded in North Carolina in 2003 by Andrew "Flip" Filipowski with Eprise, and launched at HR Tech show in Chicago in 2005.
SilkRoad acquired OpenHire, based in Winston-Salem in 2004.[5]
SilkRoad acquired VTN Technologies, Inc., a company known for its Olé Online Learning Environment training software, in 2008,[6] and had raised $54 million in Series C funding by this year.[7] The company also opened offices in Asia and the Pacific Rim.
The company headquarters relocated to Chicago in 2010, but the Winston-Salem location is still a design and development center.[8]
Investors include Foundation Capital, Azure Capital Partners, Tenaya Capital, Intel Capital, Keating Capital, and Crosslink Ventures. In May 2012, SilkRoad announced it had secured $35 million financing in a Series C Round.[9][10] In August 2013, SilkRoad secured another $16 million, bringing its total funding to $145 million.[11][12] In May 2015, SilkRoad secured another loan for $7.5 million, bringing its total funding to $152.5 million.[13]
Locations
- US Locations: SilkRoad has facilities in six locations in the U.S.: Chicago (corporate headquarters), Boston, Winston-Salem, North Carolina, Red Bank, New Jersey, Jacksonville, Florida, and San Francisco.
- Worldwide Locations: SilkRoad operates in facilities worldwide, including,[14] and it also operates in facilities worldwide, including Edmonton, Canada; Singapore; Sydney, Australia; Hong Kong; Shanghai, China; Tokyo, Japan; Osaka, Japan; Taguig, Philippines; Auckland, New Zealand; Düsseldorf, Germany; London, England; Paris, France; and Copenhagen, Denmark.[15]
Products
SilkRoad’s LifeSuite[16] is composed of six integrated talent management applications that provide talent acquisition, talent development and HRMS functionality:
Name Description Recruiting (formerly OpenHire) Recruiting Management and Applicant Tracking System[17] Onboarding (formerly RedCarpet) Onboarding and Life Events[18] Performance (formerly WingSpan) Performance Management[19] Learning (formerly GreenLight) Learning Management[20][21] HeartBeat HRIS/HRMS[22] Point Social Collaboration and Content Management[23][24]
Awards
- SIIA CODiE Award (2010 Winner; 2012, 2013 Finalist)
- OnDemand 100 Top Private Companies (2013)
- Stevie Awards: Sales & Customer Service (Bronze Winner, Back Office Customer Service Team of the Year, 2013, Bronze Winner for Innovation in Customer Service, 2012, Stevie Award Winner, Relationship Management Solution Ð New, 2011)
- Best in Biz Award[25]
- Netexplo 2012 award for Digital Innovation (Netexplo 2012 - award winners) (SilkRoad technology Receives netexplo 2012 Award for Digital Innovation)
- HRO Today magazine's TekTonic winner in Learning for 2012 for the Greenlight product[26]
- Brandon Hall silver award for excellence in the Best Advance in Learning Management Technology category for the integration of the SilkRoad learning management software GreenLight® with the company's Point™ social talent management software.[27]
- Brandon Hall bronze award for excellence in Best Advance in Talent Acquisition Technology for OpenHire.[28]
- Red Herring Top 100 North America[29]
- #4 on The Business Journal’s list of the Triad’s 50 Top-Performing Private Companies[30]
Partnerships
Broadbean Technology, Concur Technologies, Deltek, Fidelity Investments HR/PR Services, Indeed, LexisNexis, Monster.com, NetSuite, NETtime Solutions, Nobscot, PayScale, Simply Hired, Talent Technology, TheLadders.com,
References
- ↑ Pletz, John. "Filipowski lieutenant named CEO at SilkRoad" Crain's Chicago Business, 16 July 2013.
- 1 2 "SilkRoad Technology, Inc. - Company Profile". InsideView. Retrieved 9/7/2013. Check date values in:
|access-date=(help) - ↑ Pratt's Guide to Private Equity & Venture Capital Sources (Digitized Sep 29, 2011 ed.). Ithaca, NY: Capital Publications, Thomson Reuters. 2008. p. 1335. ISBN 9780979627811.
- ↑ Ward's Business Directory of U.S. Private and Public Companies. Parts 3-4. 50. Farmington Hills, MI: Gale Research Inc. 2007. p. 3932. ISBN 9781414480039.
- ↑ "SilkRoad Acquires Triad-Based OpenHire Software". WRAL Tech Wire. 5/7/2004. Retrieved 2013-09-28. Check date values in:
|date=(help) - ↑ "NC-based Silkroad technology acquires VTN Technologies". TechJournal. 11/3/2008. Retrieved 2013-09-28. Check date values in:
|date=(help) - ↑ "SilkRoad Technology : CrunchBase Profile". TechCrunch. 2008-05-15. Retrieved 2014-01-09.
- ↑ Kutik, Bill. "There is Another! SilkRoad" Human Resource Executive Online, 20 October 2012.
- ↑ Lardinois, Frederic "Social Talent Management Solution SilkRoad Secures $35M Series C Round, Preps for Potential IPO." TechCrunch, 14 May 2012.
- ↑ Bort, Julie. "VCs are throwing money at these 10 enterprise startups." Business Insider, 17 March 2013.
- ↑ Bort, Julie. "The OTHER SilkRoad, which doesn't sell drugs, has now raised $145 million." Business Insider, 12 August 2013.
- ↑ Nelson, Fritz. "The bubble around talent and human capital management is too big." Pando Daily, 14 August 2013.
- ↑ http://globenewswire.com/news-release/2015/05/19/737419/10135226/en/Horizon-Technology-Finance-Provides-7-5-Million-Venture-Loan-to-SilkRoad-Technology.html
- ↑ Evans, Matt. "SilkRoad adds Asia Pacific customers." The Business Journal, 20 December 2012.
- ↑ SilkRoad Worldwide Office Locations
- ↑ Crummey, Carolyn "Take Human Resources past payroll and turn it into a system that grows your business." Smallbiz Technology, 6 May 2013.
- ↑ BrandonHall Bronze Award: Best Advance in Talent Acquisition Technology, 2011
- ↑ Marks, Shala. "SilkRoad partners with Nobscot helping companies optimize HR functions." Recruiter.com, 9 April 2013.
- ↑ "Succession Planning Roadmap." Workforce, 11 March 2013.
- ↑ HRO Today's TekTonic Award for Learning Management System, 2012. HRO Today," June 2012.
- ↑ Brandon Hall Excellence in Technology Silver Award - Best Advance in Learning Management Technology, 2012.
- ↑ HRO Today's TekTonic Award WInner - Best HRMS Suite, 2013. HRO Today, May 2013.
- ↑ Sommer, Brian. "SilkRoad Point - Where HR, Performance and KM Meet." ZDNet, 20 October 2011
- ↑ Netexplo Award Winner, 2012 Netexplo, retrieved September 2013.
- ↑ Bronze Winner, Best New Product of the Year, 2012
- ↑ Tech's Best - HRO Today
- ↑ SilkRoad Wins Silver in 2012 Brandon Hall Excellence Awards
- ↑ Winners of the 2011 Brandon Hall Excellence in Technology Awards
- ↑ 2010 RED HERRING TOP 100 NORTH AMERICA
- ↑ Triad’s 50 Top-Performing Private Companies 2010
External links
Coordinates: 41°53′21.63″N 87°37′44.52″W / 41.8893417°N 87.6290333°W