PARSIPPANY, NJ--(Marketwire - January 31, 2011) - Global workforce management and expense management software and services provider CyberShift, Inc. was selected for inclusion in Red Herring's prestigious Global 100 award, which recognizes leading private companies from North America, Europe, and Asia. Red Herring's Global 100 award acknowledges the most promising privately held companies in the world, and the innovations, technologies and business models that they are utilizing to become leaders in their respective industries.
Red Herring's Global 100 list has become a mark of distinction for identifying promising companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Google, Skype, Netscape, Salesforce.com, YouTube, eBay and many others would change the way we live and work.
"Choosing the best out of the previous three years was by no means a small feat," said Alex Vieux, Chairman of Red Herring. "After rigorous contemplation and discussion, we narrowed down our list from 1,200 potential companies to 200 finalists. Trying to get it down to 100 companies was a task upon itself. CyberShift should be extremely proud of its achievement, as the competition was difficult."
Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technology innovation, management quality, strategy, and market penetration. This assessment of potential is complemented by a review of the track record and standing of the organizations relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list an invaluable instrument of discovery and advocacy for the greatest business opportunities from around the world.
Finalists for the Red Herring Global 100 presented their winning strategies at the Red Herring Global forum in Los Angeles, January 24-26, 2011. The Top 100 winners were lauded at a special awards ceremony on January 26 at the event.
On hand to accept the award was CyberShift's CEO, Robert E. Farina. He commented, "Being included on Red Herring's Global 100 list further distinguishes CyberShift as a world-class vendor that invests in innovation, technology and talent. We're honored to receive this recognition from Red Herring for our vision and the value we bring to our clients."
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.