RiseSmart Named 2011 TiE50 Finalist

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San Jose-based provider of next-generation outplacement and recruitment solutions selected from 1,600+ technology startups for honor.

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RiseSmart CEO Sanjay Sathe credited employees in Silicon Valley, across the U.S. and in India for helping the company achieve recognition as a TiE50 finalist.

RiseSmart was selected from among 1,619 startups reviewed by TiE Silicon Valley's expert screening committee.

RiseSmart, a provider of next-generation outplacement and recruitment solutions, today announced that the company has been named a finalist for the TiE50, Silicon Valley’s premier annual awards program for technology startups. RiseSmart was selected from among 1,619 startups reviewed by TiE Silicon Valley’s expert screening committee.

“This is TiE’s third-annual awards program to recognize the top 50 startups selected from nominations from around the world, and we are delighted to be honored as a finalist,” said Sanjay Sathe, RiseSmart founder and CEO. “This is a tribute to the hard work, dedication and passion of RiseSmart’s team members in Silicon Valley, across the United States and in India.”

The TiE50 will be a prominent part of the 2011 TiEcon conference, TiE’s annual event that will take place May 13-14 at the Santa Clara Convention Center.

RiseSmart is among the finalists in the TiE50 software innovation category. Transition Concierge, RiseSmart's flagship outplacement solution, is powered by proprietary job-matching software that delivers highly personalized job leads as well as other job search tools to laid-off workers, optimizing time to placement. Transition Concierge helps employers drive transparency and accountability in their outplacement programs.

RiseSmart encourages customers and friends to vote for the company in the TiE50 online poll at http://www.tie50.net/TiE50Awards/poll.asp?vert=Software. TiE50 winners will be announced April 30.

About the TiE50 Awards

TiE50 is TiE Silicon Valley’s premier annual awards program keenly contested by technology startups worldwide. The TiE50 track record since inception in May 2009 shows that 94 percent of the winners and finalists have been funded, attracting over $20 billion in investments. 42 companies have been acquired, merged or gone public. Participating technology startups benefit from a vast ecosystem of venture capitalists, angels, and entrepreneurs. Other participant privileges include significant investor exposure, online virtual showcasing and technology and business partnering/networking.

About TiE

TiE is the world’s largest not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE provides a platform for mentoring, networking & education, to entrepreneurs with over 14,000 members in 56 chapters across 13 countries.

About RiseSmart

RiseSmart provides next-generation outplacement and recruitment solutions. The company leverages a common technology platform, proven methodologies, and one-on-one support to help employers with their workforce strategy, and displaced employees with their career strategy. RiseSmart drives significant ROI to organizations by offering affordable pricing, reducing severance costs and unemployment taxes for outplacement services and reducing cycle time and cost of hire for recruiting services. For more information, visit http://www.RiseSmart.com.

RiseSmart, the RiseSmart logo, Transition Concierge, Transition Concierge To-Go, SmartRedeploy, Recruit Concierge, Talent Assurance, Job Assurance, SmartConsult, SmartSource, and Transitioning Talent. Changing Lives. are trademarks of RiseSmart, Inc. All other trademarks are the property of their respective owners.

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