SilkRoad Strengths, Domain Expertise, and Key Differentiators
SilkRoad Technology's software and services platform helps clients attract, retain, and align people to their business. Their solutions start with Global Client Services to provide strategic HR and business expertise. SilkRoad Technology then designs secure solutions tailored to business requirements at scale for global companies. SilkRoad delivers personalized experiences for employees to drive engagement across the employment lifecycle and enable measurable and better business outcomes.
SilkRoad Recent Developments
The latest release offers agile performance management (check-ins, goals, feedback and appraisal modules); strategic onboarding for employee activation; mobility enhancements, personalized employee experiences with Talent Center. Course Catalog Bundles make it easy to create a collection of online courses targeted to a specific audience with one click enrollment. SilkRoad’s unparalleled free job distribution network adds new partners JobZoom, LiveCareer, and PostJobFree.
In November 2019, SilkRoad Technology, presented its new global solution called SilkRoad Succession Planning, part of SilkRoad’s Performance solution, to maximize performance and drive business outcomes. SilkRoad Succession Planning™ enables organizations to prepare for changes in their future workforce by identifying and analyzing critical positions for their business growth and then, focusing on the development process for talent that can fill those roles in the future. With this new solution and SilkRoad Technology CHRO Essentials professional services, HR leaders can incorporate succession planning within their current talent strategy to prepare for potential vacancies and future transformation needs.
SilkRoad Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying SilkRoad 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 SilkRoad 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 SilkRoad Talent Activation Cloud, customers.
Ownership: - x
Number of Employees: 440
SilkRoad Key Cloud and HCM Applications
SilkRoad Talent Activation Cloud,
SilkRoad HCM and Cloud HCM Applications Revenues, $M:
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|HCM Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud 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.
SilkRoad Revenue Breakdown by Type:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
SilkRoad HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets
2019 HCM Revenues, By Sub-Functional Markets, $M
SilkRoad HCM Applications Revenues By Verticals, $M:
SilkRoad Total and HCM Applications Revenues by Region:
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 HCM Applications Revenues, $M|
SilkRoad Direct vs Indirect sales
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SilkRoad Customers - Breakdown by Geo, Size, Vertical and Product
No. of SilkRoad Customers: 2000
No. of SilkRoad HCM Applications Customers: 2000
No. of SilkRoad Cloud HCM Customers: 2000
No. of SilkRoad Cloud HCM Subscribers: x
Silkroad has close to 2,000 customers worldwide. SilkRoad Onboarding (formerly called RedCarpet) has over 850 live customers, SilkRoad Recruiting (formerly penHire) has over 1000 live customers, SilkRoad Learning (formerly GreenLight) has about 300, and SilkRoad Performance (formerly WingSpan) and now Agile Performance has about 500 customers.
Customer references include Alaska Airlines, Azusa Pacific University, BenefitMall, Bernick’s, Concentra, Cook Children’s Medical Center, Daxko, First Guaranty Bank, Front Range Community College, Genscape, Georgiou, Hargray, High Sierra Industries, Hydrite Chemical Co., International Paper, Kearney & Company, LaunchPoint, Lee County Electric Cooperative, Levin Furniture, Lord Fairfax Community College, Lumo Energy, Makino, McLeod Health, Oklahoma City University, Point Eight Power, Polk State College, Redwood Credit Union, Scania Australia, Save the Children of Australia, Tenet Health, Tenneco, TPC Group, Unisys, Trumpet Behavioral Health, Van Andel Institute, VMS BioMarketing, Wood Group Mustang, Yale New Haven Health. Company, LaunchPoint, Lee County Electric Cooperative, Levin Furniture, Lord Fairfax Community College, Lumo Energy, Makino, McLeod Health, Oklahoma City University, Point Eight Power, Polk State College, Redwood Credit Union, Scania Australia, Save the Children of Australia, Tenet Health, Tenneco, TPC Group, Unisys, Trumpet Behavioral Health, Van Andel Institute, VMS BioMarketing, Wood Group Mustang, Yale New Haven Health.
SilkRoad Market Opportunities, M&A and Geo Expansions
SilkRoad completed a new round of $16 million in the financing, bringing total funds raised to $145 million. It focuses on upper mid-market and enterprise segments, with the ability to scale to support the world's largest enterprises.
In early May 2019, SilkRoad Technology updated its core solutions with features designed to help employers become more resilient while maintaining their employee experience. The new features in SilkRoad’s recruiting, onboarding, learning and performance modules include automation for compliance and regulatory standards, mobile-only tasks and updated I-9 forms for virtual onboarding, and a modernized UI.
SilkRoad Risks and Challenges
As SilkRoad continues to expand into new regions, it may need to shore up support for local payroll services. In addition, solidifying field services will be increasingly important as it aims to become a global HCM vendor for fast-growth and enterprise organizations with far-flung operations.
SilkRoad Ecosystem, Partners, Resellers and SI
Silkroad primarily sells direct. SilkRoad continually expands an unparalleled free job distribution network, (currently at 17 partners.) Notable job distribution partners include Indeed, the Ladders, Direct Employers, Simply Hired, and Monster, Aurico, Vertical Screen, Sterling InfoSystems, EmployeeScreenIQ, and HireRight for employee screening SilkRoad maintains an open and connected integration strategy.
SilkRoad is a published entrant in the Microsoft Azure Marketplace and has an integration with Microsoft Active Directory to enable users of Microsoft Office 365 and Azure AD to easily set up “single sign-on” for SilkRoad modules. SilkRoad is committed to the Microsoft vision and has near plans to extend integration capabilities.
SilkRoad signed a new partnership with SmartRecruiters, one of the leaders in driving transformation across the talent acquisition marketplace. As a result, SilkRoad customers can choose from a broad range of options that support their talent acquisition strategies. SilkRoad will refer to SmartRecruiters’ Talent Acquisition Platform, now integrated with SilkRoad Onboarding, and SmartRecruiters will promote SilkRoad Onboarding to its customers.
SilkRoad Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- SilkRoad Public Cloud and Infrastructure (IaaS)
- SilkRoad Platform (PaaS)
- SilkRoad Application Delivery
- SilkRoad Private Cloud and Data Centers
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).
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