SOURCE: CyberShift


November 17, 2009 10:00 ET

CyberShift Named One of New Jersey's Fifty Fastest Growing Companies of 2009

Leading Provider of Workforce and Expense Management Solutions Ranked on NJBIZ's List for Second Year in a Row

PARSIPPANY, NJ--(Marketwire - November 17, 2009) - CyberShift, a global provider of workforce management and expense management software and services, today announced that it has been ranked 24 of New Jersey's Fifty Fastest Growing Companies of 2009. This is the second consecutive year CyberShift earned a place on the list, coming in a full five places higher than last year's ranking of 29. The top 50 businesses were recognized at an awards ceremony held November 16th, 2009.

In order to be eligible for nomination, companies needed to show revenue of at least $500,000 in each of the fiscal years ending 2005, 2006, 2007 and 2008, and show revenue growth in 2008, as compared to 2005 (a four-year period). The audited company nominations were calculated, and then ranked according to revenue growth over the four-year period of 2005-2008. Only for-profit entities headquartered in New Jersey were eligible.

The New Jersey's Fifty Fastest Growing Companies event is a program of NJBIZ and is presented by Rothstein Kass. Other major sponsors of this event are Extensis, Lowenstein Sandler PC, PNC Bank and CIGNA. This annual assessment of the top 50 businesses in New Jersey highlights the companies that have made significant contributions to the growth, strength and success of New Jersey, as well as recognize their own outstanding achievements.

Robert E. Farina, CyberShift's CEO, commented, "Maintaining a competitive edge under challenging economic conditions is paramount for organizations of all sizes. CyberShift workforce and expense management solutions help our clients drive increased workforce productivity, cost control and standardization across their enterprises. Our ranking as one of New Jersey's Fifty Fastest Growing Companies for the second year in a row further validates our commitment to providing significant value to our clients, and is a testament of our team's hard work and dedication. We're delighted to once again receive this honor from NJBIZ."

In addition to the awards ceremony, the Top Fifty Fastest Growing Companies will be profiled in a special supplement to the November 23, 2009 issue of NJBIZ.

About CyberShift

CyberShift, Inc. is a leading provider of workforce 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 and reporting and analytics, companies can more effectively plan, manage and deploy their workforces, reduce costs and improve processes across business operations. CyberShift Expense™ automates the processing and facilitates the management of employee business expenses such as travel and entertainment 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. CyberShift is the first enterprise-class workforce and expense management solution provider to enable support for the BlackBerry® platform.

To learn how CyberShift's solutions can help your organization, contact CyberShift by calling (877) 274-4381 or visiting us at