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SilkRoad Announces Q4 Results for 2008
Winston-Salem, N.C. – (January 28,
2009) – SilkRoad technology, inc., a leading
provider of talent management
solutions, announced its fourth quarter earnings
today, marking the 22nd consecutive period of sales growth. Highlights from the
quarter included the launch of a new learning management product, continued
industry recognition and client growth across the company’s award-winning suite
of products.
SilkRoad has continued to acquire new
customers across its entire product suite. The Life Suite continues to be
broadly adopted this quarter with new clients Great Lakes Home Health Services
Inc., Sony Pictures Home Entertainment, Del Monte Fresh Produce, and The
Washington Post signing up for multiple products. Other new SilkRoad clients
include Fox Entertainment Group, the Society for Human Resource Management, and
Wind Capital Group.
During the fourth quarter, SilkRoad
launched its new learning management product, GreenLight, a new component of
the company’s Life Suite™. GreenLight allows
government, military, education and business sectors to develop and manage
online training programs for their global workforces allowing them to better
drive employee development and performance. Current GreenLight clients include
DIRECTV, Rockwell Collins, and Alliance Pipeline.
In December, SilkRoad received its completed
SAS 70 Type II report, confirming the company’s internal
controls related to the processing of customer data are operating effectively
to provide reasonable assurance as to the confidentiality, integrity, and
availability of SilkRoad technology’s systems and data. The completed report is a requirement for most companies doing
business in the banking, healthcare, and high-tech industries. New customers
across those categories during the fourth quarter include Sanford Health and
Telos.
The North Carolina Technology Association
recognized SilkRoad as the “Top
Venture Capital Invested Company of the Year” in November. The
awards program annually honors companies and individuals from North Carolina’s
technology industry for excellence in leadership and innovation. Additionally,
SilkRoad was named a 2009 Hot Companies finalist by Network Products Guide. SilkRoad was selected from a global
industry analysis of information technology vendors based on the
"4Ps" selection criteria: Products, People, Performance, and
Potential.
“The completion of our SAS 70 Type II report,
alongside the addition of new clients and ongoing recognition from our industry
peers is an incredibly rewarding way to wrap up the fiscal year,” said Andrew
J. “Flip” Filipowski, Executive Chairman & CEO of SilkRoad technology. “Even during this tough economic time,
our ongoing sales growth is a great validation for the value of our Life Suite
technology.”More information is available on the Web at www.silkroadtech.de or by phone: +49 40 450 008 24 SOURCE: SilkRoad technology, inc. |
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