Fieldglass' Jai Shekhawat Once Again Named Finalist For "CEO of the Year" By Illinois Technology Association

CHICAGO, April 12, 2012 /PRNewswire/ -- Fieldglass, Inc., the leading technology provider to procure and manage contingent labor and services, today announced CEO Jai Shekhawat is a finalist for "CEO of the Year" in the Illinois Technology Association (ITA) CityLIGHTS awards for the second consecutive year. Winners are determined by a blended score based equally on the judges' panel and a public vote online at https://www.surveymonkey.com/s/CLVOTING, beginning today through April 25.

Shekhawat is committed to furthering the local technology landscape by creating, leading and supporting successful, sustainable and innovative companies like Fieldglass and others that best represent Chicago's technology community. He mentors entrepreneurs through various local organizations and universities, including the Firestarter Fund, Kellogg School of Management at Northwestern University and Chicago University's Booth School of Business.

"As a two-time finalist, Shekhawat continues to prove his thought leadership within both the services procurement industry and the thriving Chicago technology landscape," said ITA CEO Fred Hoch. "The past 12 months have been a time of unprecedented growth, accomplishments and innovation in Illinois, and this energy is reflected in the quantity and quality of all CityLIGHTS awards nominees."

Just last month Staffing Industry Analysts awarded Shekhawat the 2012 Peter Yessne Staffing Innovator Award, which recognizes one individual across the $113 billion U.S. staffing industry. Shekhawat was honored for his role in pioneering the Vendor Management System (VMS) market, which revolutionized the way the entire staffing ecosystem fundamentally operates.

Fieldglass recorded its most successful year to date with a 32 percent growth in revenue year-over-year in 2011. Valued in excess of $220 million, the company delivered a cash return to investors of over five times when Madison Dearborn Partners invested in Fieldglass in October 2010.

Today Fieldglass is the largest VMS provider, used by many of the world's largest companies to procure and manage the flexible workforce. Within the past year, nearly three million enterprise users worldwide have used the company's innovative technology platform. Those users have given Fieldglass the industry's highest customer satisfaction rating for two consecutive years, according to Staffing Industry Analysts.

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 80 countries. Customers such as Johnson & Johnson, Monsanto, Rio Tinto, salesforce.com and GlaxoSmithKline realize greater efficiencies, control spend, improve quality and enforce compliance. For more information, visit www.fieldglass.com.

SOURCE Fieldglass, Inc.