Rival (formerly SilkRoad Technology) Strengths, Domain Expertise, and Key Differentiators
Rival's software and services platform empowers clients in attracting, retaining, and aligning personnel with business goals. Leveraging Global Client Services, Rival provides strategic HR and business expertise. The company tailors secure solutions to meet global business requirements at scale, delivering personalized employee experiences that drive engagement and foster measurable, improved business outcomes.
Rival (formerly SilkRoad Technology) Recent Developments
In 2023, SilkRoad Technology announced its rebrand as Rival, pivoting towards an intelligent Talent Acquisition suite led by CEO Greg DiTullio. The launch of Rival Recruit marked the introduction of the first AI-driven Talent Acquisition suite, offering over 700M pre-loaded passive candidates. Rival, with 20+ years of industry experience, provides flexible solutions for HR teams, adapting to changing needs with AI, automation, and analytics.
Rival (formerly SilkRoad Technology) Mergers and acquisitions (M&A) Activities
In September 2021, HighBar Partners completed the acquisition of SilkRoad Technology. HighBar Partners, a renowned private investment firm specializing in strategic growth capital for enterprise and infrastructure software companies, prioritizes long-term value creation.
Rival (formerly SilkRoad Technology) Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Rival (formerly SilkRoad Technology) applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Rival (formerly SilkRoad Technology) and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Rival Recruit, Rival Engage, Rival Onboard, Rival Learn, Rival Perform customers.
Rival (formerly SilkRoad Technology) Overview
Ownership: - HighBar Partners
Number of Employees: 400
Functional Market: Sourcing, Onboarding, Recruiting, Applicant Tracking Systems, Performance Management, Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Higher Education, Healthcare, Manufacturing, Professional Services, Retail, Transportation,
Rival (formerly SilkRoad Technology) Key Cloud and HCM Applications
Rival Recruit, Rival Engage, Rival Onboard, Rival Learn, Rival Perform
Rival (formerly SilkRoad Technology) HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Rival (formerly SilkRoad Technology) Revenue Breakdown by Type:
Rival (formerly SilkRoad Technology) HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Rival (formerly SilkRoad Technology) HCM Applications Revenues By Verticals, $M:
Rival (formerly SilkRoad Technology) Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Rival (formerly SilkRoad Technology) Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Rival (formerly SilkRoad Technology) Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Rival (formerly SilkRoad Technology) Customers
No. of Rival (formerly SilkRoad Technology) Customers: 1000
No. of Rival (formerly SilkRoad Technology) HCM Applications Customers: 1000
No. of Rival (formerly SilkRoad Technology) Cloud HCM Customers: 1000
No. of Rival (formerly SilkRoad Technology) Cloud HCM Subscribers: x
Rival boasts a global clientele exceeding 1,000, with notable references such as Alaska Airlines, Azusa Pacific University, and BenefitMall, among others. The diverse roster includes prominent entities like International Paper, Tenet Health, Unisys, and Wood Group Mustang. This extensive client base underscores Rival's widespread adoption across diverse industries, reinforcing its market presence and credibility.
Rival (formerly SilkRoad Technology) Market Opportunities, M&A and Geo Expansions
Rival's rebranding as an intelligent Talent Acquisition engine signifies a pivotal opportunity for the company. The launch of Rival Recruit, a Talent Acquisition suite equipped with AI-driven insights and candidate engagement, positions Rival at a higher scale. With a focus on stable agility, Rival empowers HR teams to navigate change with precision and efficiency, offering flexible solutions that adapt and scale. The move reflects Rival's commitment to innovation and expertise, reinforcing its competitive edge in the dynamic HR tech landscape.
Rival (formerly SilkRoad Technology) Risks and Challenges
As Rival extends its global footprint, strategic focus on bolstering local payroll services and fortifying field services becomes imperative. This initiative aligns with Rival's trajectory to emerge as a comprehensive Human Capital Management (HCM) provider catering to the needs of rapidly growing enterprises and established organizations with dispersed operations on a global scale.
Rival (formerly SilkRoad Technology) Ecosystem, Partners, Resellers and SI
Rival is seamlessly integrating with industry leaders ADP, SAP, and Workday, alongside other big names in the HR industry, while also partnering with Hire Right and Paychex. This strategic collaboration transforms the HR landscape, delivering powerful and comprehensive HR solutions. Our cutting-edge technology, combined with the expertise of our partners, ensures a secure and efficient HR data exchange with core business systems, meeting diverse HR needs worldwide.
Rival (formerly SilkRoad Technology) Cloud Platform (PaaS) and Infrastructure (IaaS) Details
Subscribe to read more about:
- Rival (formerly SilkRoad Technology) Public Cloud and Infrastructure (IaaS)
- Rival (formerly SilkRoad Technology) Platform (PaaS)
- Rival (formerly SilkRoad Technology) Application Delivery
- Rival (formerly SilkRoad Technology) Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
