CHICAGO, June 20, 2012 /PRNewswire/ -- Fieldglass, Inc., the leading technology provider to procure and manage contingent labor and services, has been named to JMP Securities' "Hot 100" list of the best privately-held software companies. Fieldglass was the only Vendor Management System (VMS) provider selected to the list, after an evaluation of its products and services, leadership, customers and market potential.
"This recognition validates a formerly niche market. VMS solutions have enabled the world's largest and most sophisticated companies to manage the flexible workforce efficiently and positively impact their bottom line," said Jai Shekhawat, CEO, Fieldglass. "We are pleased to see our success recognized by JMP Securities."
The four themes shared by the 2012 list-makers – Software-as-a-Service (SaaS), big data, social platforms and mobility – are all significant drivers of Fieldglass' success. The company was designed at inception more than 12 years ago to operate via the SaaS model, and this VMS industry first is now the industry standard. In addition, with the largest flexible workforce database powered by more than 100 million transactions each year, Fieldglass is in a unique position to help customers leverage big data to uncover additional productivity growth and cost savings.
In 2011 Fieldglass was named the largest VMS provider as well as earned the industry's highest customer satisfaction rating by leading research firm Staffing Industry Analysts. The company also increased its year-over-year revenue by 32 percent and recorded its sixth consecutive year of profitability.
ABOUT FIELDGLASS, INC.
Fieldglass is the largest Vendor Management System (VMS) provider. Its innovative Software-as-a-Service (SaaS) solutions allow organizations to better procure and manage their flexible workforces, including contingent labor, services arranged through Statements of Work, independent contractors and specialized talent pools. Using Fieldglass' technology and value-added consulting services, global companies establish and sustain strategic, results-oriented contingent workforce and services procurement programs, year after year.
Fieldglass is the current VMS market leader in global labor spend and holds the industry's highest customer satisfaction rating two years running, according to Staffing Industry Analysts. The world's leading companies, including GlaxoSmithKline, Johnson & Johnson, Monsanto, Rio Tinto and Salesforce.com, rely on Fieldglass to gain visibility into complex services spend, improve worker quality, enforce both corporate and external compliance and realize greater contingent workforce program efficiencies. For more information, visit www.fieldglass.com.
SOURCE Fieldglass, Inc.