profile updated Apr 7, 2008, 11:04 AM
One of the SilkRoad Equity holdings, SilkRoad technology is principally an HR solutions company that also offers products like Eprise, an enterprise content management system and other solutions. This product mix is a legacy of divine, inc., a technology conglomerate assembled by billionaire entrepreneur Andrew “Flip" Filipowski, CEO of the equity company, which he largely owns. The bankruptcy of divine (spelled with a small "d") in 2003 was followed by the founding of SilkRoad Equity that same year and the acquisition of some of divine's holdings.
The name SilkRoad, therefore, seems apt, considering that the historic Silk Road linking the far east with Europe was fraught with perils, but handsomely rewarded those brave enough and lucky enough to make the roundtrip. (Think Marco Polo.)
SilkRoad technology - yes, it is spelled with a lower case t - offers a variety of HR talent management products lead by its widely known ATS OpenHire, which it acquired from Outtask, Inc. in 2004. Four more HR products offered, collectively making up what the company calls its Life Suite. Its client base of 2,000 (all products) includes Urban Outfitters and FTD, the florist company.News & Updates 
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SilkRoad Acquires Training Firm (Company PR)
SilkRoad technology, inc., a provider of talent management solutions, has acquired VTN Technologies, Inc., the software-based training firm known for its Olé Online Learning Environment. Financial terms of the transaction were not disclosed. Nov 5, 2008, 2:01 PM -
SilkRoad Reports 20th Quarter of Growth (BusinessWire)
SilkRoad technology, inc., provider of talent management solutions, reported that the second quarter of 2008 marked the 20th consecutive quarter of growth for the company.
Silkroad also noted the $54 million in venture capital it received and its two industry honors during the quarter: Network Products Guide named SilkRoad technology's Life Suite winner of the 2008 Product Innovation Award, while American Business Awards named SilkRoad a finalist for “Best Customer Service Organization/Department” in the computer software category.
Aug 15, 2008, 11:33 AM -
SilkRoad Sponsoring Onboarding Workshop With HCI (PRWeb)
In partnership with The Human Capital Institute, SilkRoad Technology, Inc., a software as a service (SAAS) provider of talent management solutions, will sponsor a live Innovation Tour in Atlanta and Boston. The tour, Onboarding Socialization: Improve Retention & Accelerate Productivity of New Employees, will focus on onboarding socialization, a critical practice for organizations working to attract, hire and retain top talent. Jul 24, 2008, 11:34 AM
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Products & Services
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OpenHire
A well regarded over the Web ATS that is provided as a Software-as-a-Service product. A 2005 ERE survey of users rated OpenHire above the average of its peers and above the average of all systems for performance, functionality and vendor service. In nearly every aspect of ATS functionality - things like requisition templates and handling, candidate self-service, personalized CRM and the like - the OpenHire system scored above the other systems in the survey. The typical deal in 2005 ran $40,000 with the majority of clients having under 2,500 employees. -
RedCarpet
What should you do when that first rate prospect accepts your job offer? Roll out the red carpet, of course. That's the connection the company wants you to make with its onboarding product, which it brands as a life events solution, a reference to the inclusion of offboarding capabilities. While it handles the routine details of promotions, leaves, transfers and similar status changes, RedCarpet does more than get the paperwork done. It helps new workers become familiar with the company culture by helping them get to know something about the people in their new department or location. It also sends reminders to others involved in the onboarding to make sure things like business cards are ordered and an office is ready for the hire. -
WingSpan
A full-featured performance management solution that integrates with existing systems and with the other SilkRoad technology. It incorporates multi-rater assessments, competency and skill management, development planning, goal-setting and performance planning, performance and appraisal reviews, and career development with succession planning. -
GreenLight
Compensation management system that ties into HRIS and performance management. -
Eprise
SilkRoad now markets Eprise as an HR communications tool for an employee intranet. It's available as Software-as-a-Service, so there's no involving IT and its system of permissions allows dispersed or centralized content authoring. As needs grow, an enterprise version is available for licensing.