SilkRoad Equity Announces Acquisition Of Pendulab

WINSTON-SALEM, N.C.--()--June 15, 2004--

  Enterprise Chat and Web Marketing Adds to SilkRoad's Collaboration and Content Management Suite of Solutions  



SilkRoad Equity, LLC. today announced the acquisition of privately held Pendulab, a leading provider of Enterprise Chat, Marketing and Collaboration solutions, in an all-cash transaction. Financial details were not disclosed.

Pendulab will partner immediately with SilkRoad technology, inc., another SilkRoad Equity company, to fully integrate its solutions into SilkRoad technology's Collaboration Management Suite of Applications.

With the acquisition of Pendulab and its award-winning solutions which boast more than 1,000 customers worldwide, SilkRoad extends its leadership in the Collaboration Management space making it the leading technology provider that brings people, teams, and communities closer together.

"We are very excited to welcome Pendulab and its team of dedicated professionals to the SilkRoad family," said Andrew J. "Flip" Filipowski, CEO of SilkRoad Equity. "Pendulab's powerful suite of Enterprise Chat and Marketing 'software-as-a-service' solutions fit perfectly into our strategy of delivering On Demand enterprise-class collaborative applications over the Web."

Sharing information, thoughts and ideas, and increasing team productivity is accomplished in an easy and effective manner with SilkRoad's suite of integrated collaborative applications which includes Fuse, a Web-based project management application, and SilkBlogs, the first-of-its-kind Enterprise Webblog solution. The Pendulab acquisition now adds the following solutions to the suite:

Chat Blazer Enterprise: ChatBlazer enables real-time communication via live chat, instant messaging and corporate/enterprise IM, voice conferencing, voice over IP, video and other forms of rich media, with full multi-client capabilities around HTM, Java, Flash, and more.

AffiliateShop: AffiliateShop is a leading one-stop marketing center that aims to empower online businesses' multi-faceted marketing campaigns. It provides a powerful affiliate program management system, customer support solution, and an ad tracking ROI toolkit.

"We firmly believe that Pendulab and its award-winning product line will extend our leadership in the Collaboration Management arena," said Pete Quintas, Chief Technology Officer of SilkRoad technology. "ChatBlazer is the most secure, easy-to-use, feature-rich Enterprise Chat and Messaging application in the market. AffiliateShop allows businesses to have unprecedented success in the way they market to their customers and partners. These solutions, combined with our existing collaboration management applications, provide the most complete solution for successful communications and teamwork enterprise-wide."

"SilkRoad is a great company with an incredible vision and plans to expand our award-winning products. I am extremely confident that Pendulab has a bright future with SilkRoad, and pleased that the same dedicated Pendulab team will continue to service and support the technology," said Christopher Low, CEO of Pendulab, Inc. "We have worked hard over the last two months on new releases of our products, and the opportunity to integrate them into a broader and unified Collaboration Management Suite is extremely exciting and will be a huge benefit to our customers."

About SilkRoad Equity, LLC

SilkRoad Equity, LLC is private investment firm that acquires businesses in a broad range of industries and manages them for growth and profitability. SilkRoad Equity is located at 111 Chestnut Street, Winston-Salem, NC 27101. More information on SilkRoad Equity can be found at http://www.silkroadequity.com or by contacting Andrew "Flip" Filipowski or Matthew G. Roszak at 336-201-5100.

About SilkRoad technology, inc.

SilkRoad technology, inc., is a leading developer of content management and web collaboration application solutions that offer the ease of use, scalability, performance and total cost of ownership required by enterprises and service providers. SilkRoad technology's innovative solutions provide web content management, network camera management, human resources and team collaboration application suites. We have more than 2,000 global customers who are gaining competitive advantages, increasing revenues, decreasing costs, providing better service, and building more Real-Time Enterprise Web applications on a daily basis. SilkRoad technology is located at 111 Chestnut Street, Winston-Salem, NC 27101. More information on SilkRoad technology products can be found at http://www.silkroadtech.com or by calling toll free at 866.329.3363 or internationally at 336.201.5100. To learn more about Pendulab's products, please visit http://www.pendulab.com.

Contacts

Media Contact:
SilkRoad Equity
Chauncey Kupferschmid, 773/294-6843
Chauncey.kupferschmid@silkroadtech.com
or
PAN Communications
Steve Jones, 978/474-1900
SilkRoad@pancomm.com

Contacts

Media Contact:
SilkRoad Equity
Chauncey Kupferschmid, 773/294-6843
Chauncey.kupferschmid@silkroadtech.com
or
PAN Communications
Steve Jones, 978/474-1900
SilkRoad@pancomm.com