Flush with new investment capital, the talent management vendor ponders acquisitions and a possible IPO.
By Garry Kranz Comments 0 | Recommend 0
Investment in Talent: HR services companies continue to attract the interest of equity investors. The latest is SilkRoad Technology, which announced last week that it has received $54 million worth of equity financing from several private investors. The Winston Salem, North Carolina-based company provides “software as a service” tools for talent management. It is the second round of funding this year, following a $10 million infusion of capital obtained in February. The company reportedly is considering filing with the U.S. Securities and Exchange Commission to sell its stock on the public market. SilkRoad said in a statement that the new money will be used to expand sales and marketing functions and possibly to acquire other companies.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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