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<div class="KonaFilter image-container float_right click-to-enlarge"><div class="image"><a title_source="SilkRoad" title_caption="SilkRoad Technology founder Andrew " Flip="" Filipowski="" class="zoomin" href="http://static4.businessinsider.com/image/52091215ecad04ed59000002-960/flip-flipowski-1.jpg"></a><a href="http://www.silkroadequity.com/FlipFilipowski.html">SilkRoad</a>SilkRoad Technology founder Andrew "Flip" Filipowski</div></div>If you've been curious about Silk Road, the illegal Internet market for drugs, maybe you tried to point your browser at SilkRoad.com.
You can't find <a href="http://www.businessinsider.com/silk-road-walkthrough-2013-3#then-youre-greeted-by-the-main-homepage-lets-browse-the-psychedelics-2">the Silk Road black market like that</a>, but you will find a perfectly legit company called SilkRoad. It offers a <keyword id="6393327" type="ORGANIZATION" weightage="60" keywordseo="Human-Resources">human resources</keyword> cloud app and competes with the likes of Workday, SuccessFactors and Taleo.
The company was founded in 2003 by <keyword id="6356323" type="UNKNOWN" weightage="60" keywordseo="Enterprise">enterprise</keyword> bigwig "Flip" Filipowski, best known as the founder and CEO of Platinum Technology which sold to Computer Associates in 1999 for $4 billion dollars.
Filipowski couldn't have known in 2003 that the name Silk Road would be usurped by the black market. But it doesn't look like the association has hurt the company any.
For instance, today, the company<a href="%20http://www.marketwire.com/press-release/silkroad-closes-16-million-in-growth-financing-led-by-foundation-capital-nasdaq-kipo-1819786.htm"> nabbed a $16 investment round,</a> lead by Foundation Capital with Intel Capital and others participating, bringing its total funding to $145 million.
And maybe having a similar name has helped it. The first stories about Silk Road, the drug marketplace, began circulating in 2011 (thanks to Gawker and NPR), but in early 2013, tech sites began covering the site more regularly.
Look at how the traffic at legit site SilkRoad.com leaped at the start of the year, according to Compete.com:
<div class="KonaFilter image-container click-to-enlarge"><div class="image"><a title_source="Complete.com" title_caption="" class="zoomin" href="http://static1.businessinsider.com/image/52090c9fecad04fe4e000004-960/silkroad-traffic.png"></a><a href="https://siteanalytics.compete.com/silkroad.com/">Complete.com</a></div></div>
It's not the misdirected traffic that has this company flourishing. Its success comes from its leaders and the fact that it plays in a hot enterprise market filled with spectacular exits: Oracle bought Taleo for $1.2 billion; SAP bought SuccessFactors for $3.4 billion; Workday's stock is soaring from an opening IPO price of $48 to $74 (a $12.76 billion market cap).

The OTHER SilkRoad, Which Doesn't Sell Drugs, Has Now Raised $145 Million

<div class="image-container float_right click-to-enlarge"><div class="image"><a title_source="SilkRoad" title_caption="SilkRoad Technology founder Andrew " Flip="" Filipowski="" class="zoomin" href="http://static4.businessinsider.com/image/52091215ecad04ed59000002-960/flip-flipowski-1.jpg"></a><a href="http://www.silkroadequity.com/FlipFilipowski.html">SilkRoad</a>SilkRoad Technology founder Andrew "Flip" Filipowski</div></div>If you've been curious about Silk Road, the illegal Internet market for drugs, maybe you tried to point your browser at SilkRoad.com.
You can't find <a href="http://www.businessinsider.com/silk-road-walkthrough-2013-3#then-youre-greeted-by-the-main-homepage-lets-browse-the-psychedelics-2">the Silk Road black market like that</a>, but you will find a perfectly legit company called SilkRoad. It offers a <keyword id="6393327" type="ORGANIZATION" weightage="60" keywordseo="Human-Resources">human resources</keyword> cloud app and competes with the likes of Workday, SuccessFactors and Taleo.
The company was founded in 2003 by <keyword id="6356323" type="UNKNOWN" weightage="60" keywordseo="Enterprise">enterprise</keyword> bigwig "Flip" Filipowski, best known as the founder and CEO of Platinum Technology which sold to Computer Associates in 1999 for $4 billion dollars.
Filipowski couldn't have known in 2003 that the name Silk Road would be usurped by the black market. But it doesn't look like the association has hurt the company any.
For instance, today, the company<a href="%20http://www.marketwire.com/press-release/silkroad-closes-16-million-in-growth-financing-led-by-foundation-capital-nasdaq-kipo-1819786.htm"> nabbed a $16 investment round,</a> lead by Foundation Capital with Intel Capital and others participating, bringing its total funding to $145 million.
And maybe having a similar name has helped it. The first stories about Silk Road, the drug marketplace, began circulating in 2011 (thanks to Gawker and NPR), but in early 2013, tech sites began covering the site more regularly.
Look at how the traffic at legit site SilkRoad.com leaped at the start of the year, according to Compete.com:
<div class="image-container click-to-enlarge"><div class="image"><a title_source="Complete.com" title_caption="" class="zoomin" href="http://static1.businessinsider.com/image/52090c9fecad04fe4e000004-960/silkroad-traffic.png"></a><a href="https://siteanalytics.compete.com/silkroad.com/">Complete.com</a></div></div>
It's not the misdirected traffic that has this company flourishing. Its success comes from its leaders and the fact that it plays in a hot enterprise market filled with spectacular exits: Oracle bought Taleo for $1.2 billion; SAP bought SuccessFactors for $3.4 billion; Workday's stock is soaring from an opening IPO price of $48 to $74 (a $12.76 billion market cap).

Markets regulator <keyword id="35210" type="General" weightage="80" keywordseo="sebi" source="Orion">Sebi</keyword> has approved <keyword id="6367820" type="General" weightage="20" keywordseo="Adani-Group" source="Orion">Adani Group</keyword>'s open offer to buy an additional 26 per cent stake in media firm New Delhi Television (<keyword id="6420486" type="General" weightage="20" keywordseo="NDTV" source="Orion">NDTV</keyword>) and the offer will commence on November 22. According to an update on Sebi's website on Monday, the regulator gave its final comments on the proposed Rs 492.81 crore-open offer on November 7. The offer will tentatively open on November 22 and close on December 5. The price fixed is Rs 294 per share, as per a recent regulatory filing by NDTV. The conglomerate, run by India's richest man <keyword id="111343" type="General" weightage="50" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>, in August acquired a little-known company that lent over Rs 400 crore to NDTV's founders more than a decade ago in exchange for warrants that allowed the company to acquire a stake of 29.18 per cent in the newsgroup at any time. Post that, Vishvapradhan Commercial Pvt Ltd (VCPL) - the firm that <keyword id="76451" type="General" weightage="80" keywordseo="adani" source="Orion">Adani</keyword> group bought out - announced that it would launch an open offer on October 17 to buy an additional 26 per cent stake from minority shareholders of NDTV. However, the offer was delayed since Sebi had not given its approval to the open offer. VCPL along with AMG Media Networks and Adani Enterprises Ltd had proposed to acquire an additional 26 per cent or 1.67 crore equity shares at an offer price of Rs 294 per share. If fully subscribed, the open offer will amount to Rs 492.81 crore at a price of Rs 294 per share. "The decision to acquire NDTV was arrived at in furtherance of the Adani Group's objective to set up a credible next-generation media platform with an emphasis on digital and broadcast segments, and that NDTV is a suitable broadcast and digital platform to deliver on this vision," Adani Enterprises said in a regulatory filing in October. On Monday, shares of NDTV closed 1.99 per cent higher at Rs 365.85 on BSE and Rs 364.50 on NSE. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/article/tatas-mega-aviation-merger-is-poised-for-flight-but-the-skies-are-not-clear-yet/articleshow/95526116.cms">Tata's mega aviation merger is poised for flight, but the skies are not clear yet</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/sai-silks-gets-sebi-nod-to-float-ipo-eyes-to-raise-up-to-rs-1200-crore/articleshow/95526795.cms">Sai Silks gets Sebi nod to float IPO; eyes to raise up to Rs 1,200 crore</a>

You Searched For "Sai Silks IPO" and got 3 results

The OTHER SilkRoad, Which Doesn't Sell Drugs, Has Now Raised $145 Million

Julie Bort

The OTHER SilkRoad, Which Doesn't Sell Drugs, Has Now Raised $145 Million

Julie Bort

Sebi approves Adani Group's open offer for 26% stake in NDTV

PTI

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