CyberShift Joins Ranks of Software Magazine's 26th Annual Software 500
CyberShift Earns First-Time Position in the Ranking of the World's Largest Software Companies
| Source: CyberShift
PARSIPPANY, NJ--(Marketwire - November 3, 2008) - CyberShift, a leading global provider
of workforce
management and
expense management software and services, today announced its inclusion
on the Software Magazine's Software 500 ranking of the world's largest
software and service providers, now in its 26th year. CyberShift joins
the list for the first time at number 321.
"The 2008 Software 500 results show that revenue growth in the software and
services industry was healthy, with total Software 500 revenue of $451.8
billion worldwide for 2007 representing 14.7 percent growth from the
previous year," says John P. Desmond, editor of Software Magazine and
SoftwareMag.com "We have added over 100 new companies to the list this
year."
CyberShift's CEO, Robert E. Farina, said, "We are experiencing continued
strong growth, even in these tough macro-economic times, because our
solutions significantly reduce costs, improve effectiveness and increase
employee satisfaction in the areas of time-and-attendance, employee
scheduling and employee expense management for our clients. The flexibility
of our delivery model, which allows the utilization of our products in
either a variable cost Software-as-a-Service (SaaS) or a traditional
license fee model, also provides important flexibility for our clients,
making our products and services a great value for a wide range of
organizations."
He added, "We are pleased to be included in this year's Software 500 and
are dedicated to providing our customers with leading edge, quality
solutions that support operational improvement and workforce optimization."
"The Software 500 helps CIOs, senior IT managers and IT staff research and
create the short list of business partners," Desmond says. "It is a quick
reference of vendor viability. The online version is available at www.SoftwareMag.com and is
searchable by category, making it what we call the online catalog to
enterprise software."
The Software 500 is a revenue-based ranking of the world's largest software
and services suppliers targeting medium to large enterprises, their IT
professionals, software developers and business managers involved in
software and services purchasing.
The ranking is based on total worldwide software and services revenue for
2007. This includes revenues from software licenses, maintenance and
support, training and software-related services and consulting. Suppliers
are not ranked on their total corporate revenue, since many have other
lines of business, such as hardware. The financial information was gathered
by a survey prepared by King Content Co. and posted at www.SoftwareMag.com, as well as from
public documents.
About Digital Software Magazine, the Software Decision Journal, and
SoftwareMag.com
Digital Software Magazine, the Software Decision Journal, has been a brand
name in the high-tech industry for 30 years. SoftwareMag.com, its Web
counterpart, is the online catalog to enterprise software and the home of
the Software 500 ranking of the world's largest software and services
companies, now in its 26th year. Software Magazine and SoftwareMag.com are
owned and operated by King Content Co.
About CyberShift
CyberShift, Inc. is a leading provider of workforce management and expense
management software and services focused on helping mid-sized to large,
complex organizations improve organizational performance and profitability.
Through its integrated Workforce Management 3G™ suite, which includes
time and attendance, advanced
scheduling, absence
management and reporting and
analytics, companies can more effectively plan, manage and deploy their
workforces, reduce costs and improve processes across business operations.
CyberShift's Necho Expense™ automates the processing and facilitates
the management of employee business expenses and helps companies improve
compliance; enforce expense policies and procedures and increase visibility
into operations. Offered in both traditional license fee and
Software-as-a-Service (SaaS) delivery models, CyberShift's innovative
solutions have been awarded U.S. and Canadian patents. More information can
be accessed at www.CyberShift.com.