SilkRoad, a provider of talent management solutions, has released their earnings for the fourth quarter oand coupled the data with key highlights of 2010.
SilkRoad closed out 2010 with some big announcements and increased adoption of its solutions. Highlights include closing a $40 million equity round of capital, new offices in Japan, record sales growth, and the announcement of its second annual users’ conference.
The company recently announced it secured a $40 million equity round of capital from new investors Intel Capital and Tenaya Capital and existing investors Foundation Capital, Azure Capital and SilkRoad Equity.
SilkRoad took a portion of the funding and invested it in international expansion. It opened an office in Tokyo, Japan, that will be led by Japanese technology services veteran Shinichiro Ishibashi.
SilkRoad also announced this quarter it will hold its second annual users’ conference in Boca Raton, Florida from May 22 – 25, 2011.
“This was another amazing quarter at SilkRoad technology, with our recent funding, global expansion and continued record sales growth,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology. “We have the best team in the industry and with their hard work we continue to grow our business, sign new clients and remain the leader in talent management solutions. Thanks to our team’s dedication, we continue to give companies around the globe the biggest advantage they can have over competition – the ability to get the right people in the right roles.”