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Stuart Gentle Publisher at Onrec

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

Company Expands Customer Base in the UK, 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 nine months of 2012, SilkRoad added more than 50 clients in EMEA.

In the UK, SilkRoad's recently acquired customers range from a national broadcaster to a specialist healthcare provider and a global financial firm as well as Microfocus, Britvic and the mortgage supplier, Acenden.

"We've taken a balanced approach to penetrate both mature and early stage markets. This enables us to realise 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 capitalise 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, SilkRoad¹s new office in Denmark is poised to serve a region with a population of 25 million, low unemployment and, in Sweden¹s 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. SilkRoad¹s increased footprint in Mexico has already resulted in new customers, including one of the largest insurance companies in Mexico, which has purchased SilkRoad¹s Red Carpet employee onboarding solution.

Currently, more than 25 percent of SilkRoad¹s customers are based in countries outside of North America. Since February 2012, SilkRoad announced new customer engagements with a number of organisations in the Asia-Pacific region including Z Energy, New Zealand¹s University of Otago, as well as established partnerships with PeopleToPerform, a Human Resources consulting business in China.

For more information about SilkRoad¹s international offices, please see the following: http://www.silkroad.com/Company/Locations.html