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Next Frontier Announces Fifth Montana Investment, Orbital Shift, Leader in Workforce Management

November 15, 2016View for printing

Successful Closing of a $1.25 Million Strategic Round of Investment, Led by Next Frontier Capital http://www.nextfrontiercapital.com/ , Will Help Propel Orbital Shift http://www.orbitalshift.com/ Product Development, Customer Service Forward

Next Frontier is pleased to announce http://www.prnewswire.com/news-relea ... 359458.html our fifth Montana deal, a $1.25m Series A investment in Orbital Shift . We were joined by Frontier Angels http://www.frontierangels.com/ and a number of local and Bay Area business leaders expert in the space.

Orbital Shift is a cloud software application that allows employers to create and maintain staff schedules, control labor costs, enhance staff communication and awareness, and provide online time clock and labor reports.

With hundreds of customers, Orbital Shift is a proven leader in meeting the workforce management needs of employers across multiple industries, with 53,864,990 hours recorded to date (Nov '16) across 6,965,915 scheduled events.

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Montana Career Opportunities - Inside Sales Professional, Software Engineer, Mobile App Developer and more... - Orbital Shift http://www.matr.net/article-74209.html

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The investment thesis is that Orbital Shift is well positioned, with respect to proven product, customer value, and revenue to ride the wave of SMB adoption of SaaS solutions that are rapidly replacing paper, Excel, and legacy Kronos/ADP offerings. An important secular driver of growth, beyond the cloud and mobile penetration, is regulation. Recent changes to overtime eligibility (move from $23k/year to $47k/year) and mandated rest and meal periods are providing financial and penalty incentives for SMBs to employ time and attendance software with regulatory rules and reporting capabilities built in. With the new overtime DOL rules an additional 4.2m workers are now eligible for OT. We were introduced to the Founder, Kevin O'Reilly, by the CEO of Submittable, another portfolio investment.

Full Announcement: http://www.prnewswire.com/news-relea ... 359458.html
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