PARSIPPANY, NJ--(Marketwire - September 23, 2010) - CyberShift, a global provider of workforce management and expense management software and services, today announced it has been named to "IDC's Innovative Software Companies Under $100M to Watch" list for 2010. Each year, leading IT market research and advisory firm IDC recognizes software application vendors that are exemplifying industry innovation and making an impact on the IT marketplace by driving change and adapting to key tends. CyberShift's selection was based on its leading-edge innovation in providing mobile enterprise applications.
"Rapid growth and acceptance of mobile technologies has led to a work environment where location no longer affects employees' ability to carry out business," said Michael Fauscette, group vice president, Software Business Solutions, IDC. "With such growth, mobile enterprise software applications and platforms must progress to meet the needs of the mobile workforce. We see CyberShift as a leading software vendor advancing enterprise applications for mobile through their ability to create and execute solutions that continually keep pace with the speed innovation, and demand of mobile technology."
CyberShift's workforce and expense management solutions help organizations continue to align with the rapidly growing requirements of managing a mobile or "untethered" workforce. CyberShift Workforce Management 3G™, an industry-leading global workforce management solution, includes time and attendance, workforce scheduling, absence management, contingent labor management and workforce analytics; improving performance and productivity, and allowing employees to conduct business at the speed in which it occurs. CyberShift Workforce Management 3G helps companies manage complex labor and employee expense demands, at any time and from any location.
"CyberShift recognized early on that mobile technologies are a natural extension of our core mission to provide world-class workforce and expense management solutions that meet the demanding requirements of today's workforce," commented Robert E. Farina, CEO of CyberShift. "We're honored to be recognized as one of IDC's annual Innovative Software Companies to Watch. Our inclusion in this prestigious report further validates our market leadership position."
Vendors chosen for IDC's "Innovative Companies Under $100M to Watch" list were assessed based on individual applications that focused on criteria within one or more of the following three key trends: Mobile Enterprise Applications, Social Business Solutions, and Enterprise Application Vendors Go-to-Market Strategies.
About IDC's "Innovative Companies to Watch" Report
IDC's "Innovative Companies Under $100M to Watch" reports are a qualitative evaluation of a set of vendors within a specific market -- they are not a stack ranking nor do they represent an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies in the report. IDC solicited entries from vendors of less than $100 million that exemplify specific key trends (selected by analysts) that are driving change in a specific software market. Vendors submitted case studies that exemplified one of the trends used as the basis for the award. These case studies were evaluated individually and independently by related market analysts across several pre-determined criteria. The case studies submitted for review had to demonstrate that the technology was available, able to be implemented, and provided real-world benefits to the customer.
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.