CORRECTING and REPLACING SilkRoad technology Announces Q2 Results for 2008

Q2 Successes Include Strong Sales Growth, Award Recognition and $54 Million in Venture Capital

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.

“Our first priority continues to be helping businesses recruit and retain the best talent.”

The corrected release reads:

SILKROAD TECHNOLOGY ANNOUNCES Q2 RESULTS FOR 2008

Q2 Successes Include Strong Sales Growth, Award Recognition and $54 Million in Venture Capital

SilkRoad technology, inc., the leading provider of talent management solutions, announced today that the second quarter of 2008 marked the 20th consecutive quarter of record growth and sales. In addition to record new customer growth with 75% of clients signing up for multiple solutions, SilkRoad also received two industry honors this quarter. Network Products Guide named SilkRoad technology’s Life Suite^TM the winner of the 2008 Product Innovation Award. The guide considers vendors from all over the world whose groundbreaking products bring essential changes to all areas of information technology, vendors who raise the bar for those in the industry. The American Business Awards also recognized SilkRoad as a finalist for having the “Best Customer Service Organization/Department” in the Computer Software category.

In addition, SilkRoad’s growth and widespread recognition as an industry leader spurred investors to contribute $54 million this quarter in venture capital for the expansion of worldwide direct sales and marketing efforts, strategic acquisitions and new product development.

“Our solid sales growth, recognition within the industry and the confidence and support of our investors all stem from the superior quality and market demand for our products,” said Brian Platz, COO of SilkRoad technology. “Our first priority continues to be helping businesses recruit and retain the best talent.”

SilkRoad’s new Q2 customers include Communications Data Services Inc. (CDS Global), Golden State Water Company, Hawaiian Airlines, Joulé Inc., L’Oreal USA Inc., Publishers Clearing House, St. John’s University, The Reader’s Digest Association, Inc., Toll Brothers, USAble Life and WellSpan Health, among others.

OpenHire and RedCarpet continue to be broadly adopted this quarter with significant growth in the healthcare and pharmaceutical industries, including new clients MasTec Inc., HealthSpring Inc., and Parsons Child and Family Center. In addition, the momentum of new WingSpan clients, including Life Style Family Fitness, confirms that driving performance is paramount.

About SilkRoad technology, inc.

SilkRoad technology, inc. provides software as a service (SaaS) solutions that significantly improve the talent within its more than 800 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.

SilkRoad technology is headquartered in Winston-Salem, NC with offices in Bedford, MA; Chicago, IL; West Long Branch, NJ; and Hamburg, Germany. More information is available on the Web at www.silkroadtech.com or by phone: U.S. toll free at 866-329-3363 or internationally at [phone].