Wednesday, February 20, 2008

SilkRoad technology--An Integrated Talent Management Solution Got $10 million In VCs Funding

What Company Is Offering:
SilkRoad technology, inc. provides software as a service (SaaS) solutions that significantly improve the talent within its more than 700 customers across the globe. Through SilkRoad’s Life Suite, 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 OpenHire, for recruiting management, RedCarpet for employee onboarding and life events, WingSpan for flexible employee performance management, GreenLight for compensation management, and Eprise for employee intranets and content management.

How Much They Got From VCs:
It has secured $10 million in growth capital led by new investor Azure Capital Partners, joining existing investor, SilkRoad Equity and individual investors. The funding will enable significant expansion of SilkRoad technology’s direct sales and marketing efforts, as well as support new product development.

About VCs:
Azure Capital Partners is a venture capital firm with over $650 million under management, headquartered in San Francisco, California. Its goal is to identify, invest in and help build earlier stage information technology companies that are at the forefront of a transformative opportunity for growth – companies like TopTier Software, VMware, WorldWide Packets and Bill Me Later. Its partners have a long track record of identifying and helping to build some of the most successful companies in communications, software and related technology segments. The Azure team is recognized for industry thought leadership and a unique professional investment approach to venture investing. Its proven methodology and primary research enable it to identify young companies in attractive markets whose business models provide sustainable competitive advantage. For more information, visit


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