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    SilkRoad Increases Presence in Europe, Asia and Latin America Accelerating Worldwide Expansion

    Company Expands Operations in Scandinavia and Latin America

    SilkRoad Technology has advanced its long-standing mission to explore new markets for its award winning social talent management solutions with new offices in Scandinavia and Mexico.  Over the past five years, SilkRoad has grown to over 20 offices, signed a number of strategic partnerships and diversified the geographic makeup of its customer base.  In the first six months of 2012, SilkRoad added more than 50 customers from countries outside of North America, a 163 percent increase over the same time period in 2011.   

    'We've taken a balanced approach to penetrate both mature and early stage markets. This enables us to realize near-term results to support additional expansion,' said Flip Filipowski, CEO, SilkRoad Technology.  'We're focused on having the right business leaders in place to capitalize on regional market opportunities.  These leadership teams quickly focus on establishing a blend of local employees who can attract and support our customers.'

    With four established offices across EMEA, SilkRoad's new office in Denmark is poised to serve a region with 25 million citizens, low unemployment and in Sweden's case, the largest Gross Domestic Product (GDP) growth in the European Union (EU).  In addition to expanding into Scandinavia, SilkRoad has further cemented its leadership position in Mexico.  SilkRoad's increased footprint in Mexico has already resulted in new customers including one of the largest insurance companies in Mexico, which has purchased SilkRoad's Red Carpet employee onboarding solution.

    Currently, more than 25 percent of SilkRoad's customers are based in countries outside of North America. Since February 2012, SilkRoad announced new customer engagements with a number of organizations in the Asia-Pacific region including Z Energy, New Zealand's University of Otago as well as established partnerships with PeopleToPerform, a Human Resources consulting business in China.

    For more information about SilkRoad's international offices, please see the following: http://www.silkroad.com/Company/Locations.html

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