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A veteran of the healthcare industry and now venture capitalist, DiPiano is a General Partner of NewSpring Ventures and the Managing Partner of NewSpring Capital. Prior to joining NewSpring Capital, which is a CyberShift investor, DiPiano led or co-led the investment into six companies in the business services, healthcare and information technology industries. With this appointment, he returns to CyberShift's board, taking the place of his colleague Brian Murphy.
DiPiano spent six years as a division CEO and director of Chemical Leaman Corporation. He started his career with Baxter Healthcare Corporation (NYSE: BAX), where he held numerous positions, culminating as Vice President responsible for Operations and Sales of the Industrial Scientific Products Division. He currently serves on the boards of Femme Pharma; Bluenog; I-Pipeline Inc.; and the University City Science Center, where he sits on the investment committee. DiPiano holds a B.S. from Penn State University and an MBA from Stern School at New York University.
"Michael's involvement as an early investor in CyberShift, coupled with his nearly 30 years of experience guiding firms such as ours to continued success, will benefit CyberShift tremendously as we continue to expand our enterprise-class applications on the Software-as-a-Service (SaaS) platform," said Robert E. Farina, CyberShift's CEO. "On behalf of our executive team, I am pleased to welcome Michael back to the CyberShift board of directors."
About CyberShift
CyberShift, Inc. is a leading provider of workforce management 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(TM) suite, which includes time and attendance, advanced scheduling, absence management and workforce analytics, companies can more effectively plan, manage and deploy their workforces, reduce costs and improve processes across business operations. CyberShift's Necho Expense(TM) automates the processing and management of employee business expenses and helps companies improve compliance, enforce expense policies and procedures and increase visibility into operations. Offered as either Software-as-a-Service (SaaS) or traditional license fee delivery models, CyberShift's innovative solutions have been awarded U.S. and Canadian patents. More information can be accessed at www.CyberShift.com.
SOURCE: CyberShift
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