PARSIPPANY, NJ--(Marketwire - October 25, 2010) - CyberShift, a global provider of workforce management and expense management software and services, today announced that it was ranked number 407 on Technology Fast 500™, Deloitte's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2005-2009. CyberShift has also established their leadership as the only workforce management software company to be included in Deloitte's Technology Fast 500 ranking.
"We believe that CyberShift's resiliency during these difficult economic times clearly demonstrates the value that we bring to our customers and the strength of our market position," stated Robert E. Farina, CEO of CyberShift. "We are honored to be recognized by Deloitte through our inclusion on the Technology Fast 500 list for North America."
"CyberShift and the other 2010 Technology Fast 500™ winners forged ahead in a challenging economic environment to realize exceptional growth," said Phil Asmundson, vice chairman and Deloitte's U.S. technology, media and telecommunications leader. "Deloitte commends CyberShift for this impressive accomplishment."
CyberShift is a leading provider of workforce and expense management software solutions that help organizations throughout the world to reduce costs, mitigate compliance risk and increase productivity. CyberShift solutions are delivered either through our world-class Software-as-a-Service platform or via an on premise license model.
"CyberShift has proved itself to be one of the fastest growing tech companies in North America, and we are proud to honor them as one of the 2010 Technology Fast 500™," said Mark Jensen, managing partner, venture capital services, Deloitte & Touche LLP.
Overall, Technology Fast 500™ award winners for 2010 had revenue growth ranging from 146 percent to 164,079 percent from 2005 to 2009, with an average growth of 2,361 percent.
For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.com. As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
About CyberShift
CyberShift specializes in providing leading organizations with best-in-class employee spend-management and workforce 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 expense management, employee scheduling, time-and-attendance, contingent labor management, absence 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.