Fieldglass' Jai Shekhawat Named "CEO of the Year" Finalist in 2011 ITA CityLIGHTS Awards

CHICAGO, April 19, 2011 /PRNewswire/ -- Fieldglass, Inc., the leading technology provider to procure and manage contingent labor and services, today announced CEO Jai Shekhawat has been selected as a "CEO of the Year" finalist in the 2011 Illinois Technology Association (ITA) CityLIGHTS awards. Shekhawat is being recognized for his efforts in making Fieldglass a successful, sustainable and innovative company that well represents Chicago's technology community.

As one of Chicago's longest-tenured founder/CEOs, Shekhawat has grown Fieldglass into the undisputed leader in the services procurement industry, with more than 140 customers worldwide. Its award-winning SaaS platform is now used in more than 70 countries and is available in nine languages. In 2010, Fieldglass recorded its fifth consecutive year of profitability, achieved more than 50 percent revenue growth, and sold a majority interest to Madison Dearborn Partners for more than $220 million. Fieldglass was a finalist last year in the "Rising Star" category of the CityLIGHTS awards, is a 2008 Chicago Innovation Award winner, and has previously won "Most Innovative Company in North America" in the American Business Awards.

"I am thrilled to be recognized as a finalist in these awards, whose past winners including former mayor Richard M. Daley and Jack Noonan have such an impressive legacy in Chicago," said Shekhawat. "While it is an honor to be recognized as an individual, our success this past year is a direct result of the hard work of all our employees, who together form a culture of technology innovation at Fieldglass."

The CEO of the Year will be determined by a composite score of the results of a judging panel and online public voting. Votes can be submitted through April 29, 2011. The winner will be announced on May 12, 2011, at the CityLIGHTS Awards Gala, which attracts more than 700 business owners, investors, legislators and policymakers.

"There is a growing energy and momentum in the Illinois technology industry, and this is reflected in the record number, more than 200, and the quality of all CityLIGHTS Awards nominations this year," said ITA CEO Fred Hoch. "Nominees range from start-up companies to industry leaders, and we are extremely excited to see the organizations and individuals that rise to the top in 2011."

ABOUT FIELDGLASS, INC.

Fieldglass, Inc. provides the leading SaaS platform to procure and manage contingent workers, services such as Statement of Work projects, independent contractors, and specialized talent pools. The highly-configurable product suite provides transparency into the entire workforce and helps companies optimize program performance and make more strategic labor decisions.

Backed by proven experience and the industry's largest customer base, Fieldglass serves Global 2000 firms in nearly 70 countries. Customers such as Johnson & Johnson, Monsanto, salesforce.com and GlaxoSmithKline realize greater efficiencies, control spend, improve quality and enforce compliance. For more information, visit www.fieldglass.com.

ABOUT THE ITA

The Illinois Technology Association (ITA) is a driving force behind the growth of Illinois' vibrant technology industry. We are relentless in championing the development and application of technology, from start-up companies to industry leaders, leveraging the transformative nature of technology to revolutionize industries. ITA uniquely capitalizes peer-to-peer collaboration, networking, and access to experts across the breadth of business to cultivate the Illinois technology industry. The unique and powerful integration of these valuable and experienced resources differentiates the ITA as a source of accelerated growth for the technology industry of Illinois. For more information about ITA, please visit www.illinoistech.org.

Contact the ITA at [email protected], follow the discussion on Twitter at @itabuzz, and visit www.illinoistech.org to find out more about how ITA supports the growth of the local industry.

SOURCE Fieldglass, Inc.