SilkRoad, Inc.

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
 Robert Dvorak, CEO & President; 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 Increase US$ 41.1 million[2]
Number of employees
 520[2]
Website SilkRoad.com

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]

In 2017 SilkRoad, Inc. partnered with Career Builder to expand Career Builder's expanded onboarding offering.

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, Alberta, 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:

NameDescription
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]
HeartBeatHRIS/HRMS[22]
PointSocial Collaboration and Content Management[23][24]

Awards

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

  1. ↑ Pletz, John. "Filipowski lieutenant named CEO at SilkRoad" Crain's Chicago Business, 16 July 2013.
  2. 1 2 "SilkRoad Technology, Inc. - Company Profile". InsideView. Retrieved 7 September 2013.
  3. ↑ 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.
  4. ↑ 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.
  5. ↑ "SilkRoad Acquires Triad-Based OpenHire Software". WRAL Tech Wire. 7 May 2004. Retrieved 28 September 2013.
  6. ↑ "NC-based Silkroad technology acquires VTN Technologies". TechJournal. 3 November 2008. Retrieved 2013-09-28.
  7. ↑ "SilkRoad Technology : CrunchBase Profile". TechCrunch. 2008-05-15. Retrieved 2014-01-09.
  8. ↑ Kutik, Bill. "There is Another! SilkRoad" Human Resource Executive Online, 20 October 2012.
  9. ↑ Lardinois, Frederic "Social Talent Management Solution SilkRoad Secures $35M Series C Round, Preps for Potential IPO." TechCrunch, 14 May 2012.
  10. ↑ Bort, Julie. "VCs are throwing money at these 10 enterprise startups." Business Insider, 17 March 2013.
  11. ↑ Bort, Julie. "The OTHER SilkRoad, which doesn't sell drugs, has now raised $145 million." Business Insider, 12 August 2013.
  12. ↑ Nelson, Fritz. "The bubble around talent and human capital management is too big." Pando Daily, 14 August 2013.
  13. ↑ http://globenewswire.com/news-release/2015/05/19/737419/10135226/en/Horizon-Technology-Finance-Provides-7-5-Million-Venture-Loan-to-SilkRoad-Technology.html
  14. ↑ Evans, Matt. "SilkRoad adds Asia Pacific customers." The Business Journal, 20 December 2012.
  15. ↑ SilkRoad Worldwide Office Locations
  16. ↑ Crummey, Carolyn "Take Human Resources past payroll and turn it into a system that grows your business." Smallbiz Technology, 6 May 2013.
  17. ↑ BrandonHall Bronze Award: Best Advance in Talent Acquisition Technology, 2011
  18. ↑ Marks, Shala. "SilkRoad partners with Nobscot helping companies optimize HR functions." Recruiter.com, 9 April 2013.
  19. ↑ "Succession Planning Roadmap." Workforce, 11 March 2013.
  20. ↑ HRO Today's TekTonic Award for Learning Management System, 2012. HRO Today," June 2012.
  21. ↑ Brandon Hall Excellence in Technology Silver Award - Best Advance in Learning Management Technology, 2012.
  22. ↑ HRO Today's TekTonic Award WInner - Best HRMS Suite, 2013. HRO Today, May 2013.
  23. ↑ Sommer, Brian. "SilkRoad Point - Where HR, Performance and KM Meet." ZDNet, 20 October 2011
  24. ↑ Netexplo Award Winner, 2012 Netexplo, retrieved September 2013.
  25. ↑ Bronze Winner, Best New Product of the Year, 2012
  26. ↑ Tech's Best - HRO Today
  27. ↑ SilkRoad Wins Silver in 2012 Brandon Hall Excellence Awards
  28. ↑ Winners of the 2011 Brandon Hall Excellence in Technology Awards
  29. ↑ 2010 RED HERRING TOP 100 NORTH AMERICA
  30. ↑ Triad’s 50 Top-Performing Private Companies 2010

Coordinates: 41°53′21.63″N 87°37′44.52″W / 41.8893417°N 87.6290333°W / 41.8893417; -87.6290333

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