SOURCE: CyberShift

November 21, 2008 12:00 ET

CyberShift Honored as One of New Jersey's Top Fifty Fastest Growing Companies

PARSIPPANY, NJ--(Marketwire - November 21, 2008) - CyberShift, a leading global provider of workforce management and expense management software and services, today announced it was honored as one of the 2008 Top Fifty Fastest Growing Companies in New Jersey by NJBIZ, New Jersey's leading statewide business newspaper. NJBIZ revealed the list of the top fifty businesses that have made significant contributions to the growth, strength and success of New Jersey at an awards ceremony held on November 17, 2008. CyberShift was ranked number 29 of the 50 fastest growing companies in the state.

Robert E. Farina, CEO of CyberShift, said, "CyberShift's workforce and expense management solutions help organizations effectively manage their two top controllable costs -- labor and employee business expenses. By driving better management of time-and-attendance, employee scheduling and employee expense control, our products help reduce overhead, improve organizational effectiveness and increase employee satisfaction. We're honored to be recognized as one of New Jersey's 50 fastest growing businesses."

Eligibility for NJBIZ's Top Fifty Fastest Growing Companies requires entities to be for-profit with headquarters located in New Jersey. Companies were rated based on a combination of their dollar and percentage revenue growth over the last three years. All submissions were reviewed and verified by an independent accounting firm.

Thomas Curtin, publisher of NJBIZ, said, "This year's fifty fastest growing companies undoubtedly had impressive revenue growth, but they also share something else in common -- compelling stories about the decisions and initiatives that they implemented in order to prevail in their respective industries. NJBIZ congratulates CyberShift for their growth and success."

About CyberShift's Solutions

CyberShift's Workforce Management 3G™ suite is a Web-based solution that provides automated, real-time business forecasting, labor scheduling, time and attendance, expense management and enterprise reporting. It supports the full automation of schedules, work, accrual and leave management policies, as well as union contracts and contingent labor billing.

CyberShift's Necho Expense™ and Necho Expense™ Mobile Edition further extends the highly intuitive, Web-based solution by automating the processing and management of employee business expenses from expense report submission to reimbursement. CyberShift's industry-leading solutions are scalable and available for both in house and Software-as-a-Service (SaaS) deployment models.

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 reporting and 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 facilitates the management of employee business expenses and helps companies improve compliance; enforce expense policies and procedures and increase visibility into operations. Offered in both traditional license fee and Software-as-a-Service (SaaS) delivery models, CyberShift's innovative solutions have been awarded U.S. and Canadian patents. More information can be accessed at www.CyberShift.com.