Big VC Round For SilkRoad

                $54 Million to SilkRoad technology, inc.

SilkRoad technology is a provider talent management solutions. The company has the backing of several venture capital firms including one involving Flip Filipowski. This week they announced the successful close of $54 million in venture funding.

Flip's a great fellow. He took time years ago to meet with me re: a startup I was launching. He was super to deal with back then and was great to visit with last fall at the HR Technology show in Chicago.

My research firm, Vital Analysis, prepared a report on SilkRoad last fall and it remains one of the most requested reports we have. Interestingly, many of the requests come from European businesses that are interested in a new Talent Management solution. Just based on the market interest in that report alone, I would guess that SilkRoad is definitely getting traction in the market and may turn out to be a winning investment for its VCs.

Incidentially, any software firm that can raise $54 million in this market must be doing better than just ok. Specifically, they must be:

• closing a growing quantity of deals (proof of business model)
• managing expenses well (operational excellence)
• expanding their pipeline (gaining market acceptance)

Best wishes to their continued success...