Michael A. DiPiano Appointed to CyberShift Board of Directors
Investment Executive Rejoins Board, Replaces Partner Brian Murphy
| Source: CyberShift
PARSIPPANY, NJ--(Marketwire - May 18, 2009) - CyberShift, a global provider of workforce
management and
expense management software and services, today announced the
reappointment of Michael A. DiPiano to the company's Board of Directors.
A veteran of the healthcare industry and now venture capitalist, DiPiano is
a General Partner of NewSpring Ventures and the Managing Partner of
NewSpring Capital. Prior to joining NewSpring Capital, which is a
CyberShift investor, DiPiano led or co-led the investment into six
companies in the business services, healthcare and information technology
industries. With this appointment, he returns to CyberShift's board, taking
the place of his colleague Brian Murphy.
DiPiano spent six years as a division CEO and director of Chemical Leaman
Corporation. He started his career with Baxter Healthcare Corporation
(NYSE : BAX ), where he held numerous positions, culminating as Vice
President responsible for Operations and Sales of the Industrial Scientific
Products Division. He currently serves on the boards of Femme Pharma;
Bluenog; I-Pipeline Inc.; and the University City Science Center, where he
sits on the investment committee. DiPiano holds a B.S. from Penn State
University and an MBA from Stern School at New York University.
"Michael's involvement as an early investor in CyberShift, coupled with his
nearly 30 years of experience guiding firms such as ours to continued
success, will benefit CyberShift tremendously as we continue to expand our
enterprise-class applications on the Software-as-a-Service (SaaS)
platform," said Robert E. Farina, CyberShift's CEO. "On behalf of our
executive team, I am pleased to welcome Michael back to the CyberShift
board of directors."
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 workforce
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 management of
employee business expenses and helps companies improve compliance, enforce
expense policies and procedures and increase visibility into operations.
Offered as either Software-as-a-Service (SaaS) or traditional license fee
delivery models, CyberShift's innovative solutions have been awarded U.S.
and Canadian patents. More information can be accessed at www.CyberShift.com.