CHICAGO--(BUSINESS WIRE)--SilkRoad, a leading global provider of end-to-end talent management solutions, announced today it has secured a new round of funding to bring its next generation of cloud-based products to market. Developed in close collaboration with customers, the fall release of SilkRoad’s Life Suite will be the industry’s most complete and integrated talent management suite.
“Our marquis investors continue to express a strong vote of confidence in SilkRoad’s business, and the marketplace overall,” said John Shackleton, President and CEO of SilkRoad. “The next generation of our integrated talent management suite includes unique features that will make it even easier for our customers to build high caliber teams by attracting, developing, and retaining top talent.”
According to IDC, the worldwide human capital management (HCM) market is forecast to reach $15.4 billion in 2018, growing at a CAGR of 8.2%. Much of this growth is being driven by rapid changes that are occurring across the human resource spectrum, from talent acquisition through talent development and core HR management. These innovative offerings are making it easier for businesses of all sizes to solve many of the challenges that traditional software cannot address.
“SilkRoad is in a rapidly growing market with a proven management team that has a track record of building market-leading companies,” said Warren Weiss, General Partner of Foundation Capital, a leading SilkRoad investor.
The company is set to release the next generation of the SilkRoad Life Suite in the fourth quarter of 2014.
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About SilkRoad
SilkRoad is a leading global provider of cloud-based, end-to-end talent management solutions that enable customers to find, attract, develop, and retain the best talent. The award-winning SilkRoad Life Suite includes Talent Acquisition, Talent Development, and HRMS solutions that are delivered through a tablet-friendly Talent Portal. The suite is easy to deploy and use – a single platform to rapidly boost employee engagement and business performance. Visit www.silkroad.com, follow on Twitter @SilkRoadTweets or call 866-329-3363 (U.S. toll free) or +1-312-574-3700.
