PARSIPPANY, NJ--(Marketwire - July 6, 2010) - CyberShift, a global provider of workforce management and expense management software and services, today announced it has been selected as a Red Herring North America Top 100 award winner. The Red Herring awards honor the most forward-looking private technology ventures in North America. Selection is based upon several key factors including technological innovation, management strength and market size. CyberShift joins a prestigious group of leaders and innovators admired in their respective fields.
"Choosing the companies with the strongest potential was by no means a small feat," said Alex Vieux, publisher and CEO of Red Herring. "After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe CyberShift embodies the vision, drive and innovation that define a successful entrepreneurial venture. CyberShift should be proud of its accomplishment, as the competition was very strong."
CyberShift's Web-based workforce and expense management solutions help to manage an organization's two largest controllable business expenses -- labor and employee expenses. CyberShift Workforce 3G™, an industry-leading global workforce management solution improves performance and productivity through the automation of time and attendance, workforce scheduling, absence management, contingent labor and payroll reporting requirements. CyberShift Expense™, a complete and configurable full-service solution for travel and expense management, automates the expense management process by streamlining expense report submission, approval and processing. Delivered via Software-as-a-Service (SaaS) On Demand, On Premise and on mobile devices, CyberShift Workforce Management 3G and CyberShift Expense help companies manage complex labor and employee expense demands, any time and in any location around the world.
"CyberShift's workforce and expense management solutions help our customers transform the way that they manage their workforce and control spend," commented Robert E. Farina, CEO, CyberShift. "Our recognition as a Red Herring North America Top 100 winner reflects our company's performance in delivering innovative solutions that add significant value."
CyberShift's commitment to innovation continues with the recent release of its workforce and expense applications on the Apple® iPad™.
Winners of the Red Herring North America 100 Awards were evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy and market penetration into their respective industries. In addition, Red Herring judges closely review the actual track record and standing of a company, ensuring that all winners are creating invaluable business opportunities in the industry.
Red Herring's Top 100 North America list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
About CyberShift
CyberShift specializes in providing leading organizations with best-in-class workforce and employee spend-management solutions to reduce costs, mitigate compliance risk and increase productivity. Our solutions help organizations of all sizes address complex policies and increase the effectiveness of their workforce in delivering products or services to their customers every day. CyberShift's comprehensive product suite is unique in providing multi-national capabilities for employee scheduling, time-and-attendance, contingent labor management, absence management, expense management and solutions for the mobile workforce. CyberShift manages over 1.5 million transactions daily through our highly secure SaaS delivery model, and is also available as an On Premise license, putting the power of choice in the hands of the customer. For more information, please call (877) 274-4381 or visit www.cybershift.com.