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SumTotal Acquires CyberShift

By on July 15, 2011 in General with 0 Comments

On July 7th SumTotal, one of the leading Human Capital Management providers, announced the acquisition of CyberShift in an effort to enhance their workplace solution offering.  Traditionally categorized among the leading providers of expense management solutions, CyberShift has a great reputation, product and client base.  The acquisition of CyberShift, along with payroll provider Accero, should provide a boost to SumTotal’s strategic plans in enabling an end-to-end solution to their HCM clients.

A senior executive from a CyberShift competitor says, “The importance of integrating expense management with key workplace solutions can not be underestimated.  A number of acquisitions and partnerships over the last year have solidified expense management as a critical component of an end-to-end employee workplace solution strategy.  The HCM’s, HR, Payroll and Credit Card companies that have identified this need and have taken action have gained an enviable advantage throughout the industry.”

Read the official press release here:

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