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Replicon Inc A Decade of Leading Productivity Software Solutions

Replicon, Inc., the corporate time and expense tracking vendor of choice for businesses, today announced its tenth-year anniversary of Web-based productivity solutions.



's8220;Replicon's8217;s customers are the foundation of our success,'s8221; said Raj Narayanaswamy, co-founder and co-CEO of Replicon, Inc. 's8220;I's8217;d like to thank each and every one of our clients for their loyalty and continued support, which has propelled us forward in the last ten years.'s8221;



Replicon has evolved in size, development, design, and the number of organizations and customers it serves each day. Beginning with a staff of two working out of one server room in 1996, Replicon now has global operations in Canada, India, and the United States.



Replicon hit the market of the World Wide Web in 1998 with Web TimeSheet, the very first web-based time and expense tracking business solution. Web TimeSheet replaced home-grown spreadsheets that had been used to compute productivity management. The company, owned and operated by Raj Narayanaswamy and Lakshmi Raj, has been growing ever since.



When Web TimeSheet was launched in the heat of the dot-com bubble, few people might have guessed that Replicon, Inc. would last, let alone grow. It was almost impossible for small niche Internet markets to survive. While competitors began to decline during the dot-com bust, Replicon, Inc. soared with a 40 per cent increase in revenue.



Twenty quarters later, Replicon, Inc. continues to buck the trend in the World Wide Web. Through the trials of shortage of labor and exchange rate risks, Replicon, Inc. has thrived.



Replicon's8217;s success has many companies taking notice. More and more companies are examining how Replicon's8217;s product suite can benefit their business.



Replicon's8217;s line of products powers over 1 million global users in 55 countries. From small companies to Fortune 500's8217;s, Replicon's8217;s solutions maximize profitability, optimize cash flow, compress billing cycles, and better manage employee and project performance across the organization. Replicon's8217;s clients include leading global organizations: Procter & Gamble, Cap Gemini, Ernst & Young, SITA, Golder Associates, Compaq, Sony Music Entertainment, Charles Schwab and many others.



Replicon has been presented with many notable awards over the past ten years: Recognition as one of the Top 25 Exporters in Canada by the Department of Foreign Affairs and International Trade; listed as one of Canada's8217;s fastest-growing companies with PROFIT magazine and Deloitte Technology's8217;s Fast 500/100 list; noted by Alberta Venture as one of the fastest-growing companies in Alberta in their Fast 50 list. The co-CEOs were finalists in the Ernst & Young Entrepreneur of the Year award, and Lakshmi Raj was recognized as one of Canada's8217;s Top Women Entrepreneurs in PROFIT W100.



A decade after its modest beginning, Replicon, Inc. continues to defy the odds and will carry on leading the field in the design of the easiest web-based time and expense products. Replicon Inc will continually advance to reflect the input and requests of its customers, striving to work with customers to build the best business solutions for years to come.



About Replicon, Inc.

With more 3,700 customers in 55 countries, Replicon, Inc. is the industry leader of web-based time and expense management solutions. Founded in 1996, Replicon, Inc. powers companies, of all sizes, to maximize profitability and productivity. Our product suite of Web TimeSheet, Web Resource, and Web TimeOff facilitates a myriad of front-and-back office solutions, including billing, resource planning, budgeting and control, and employee time and expense. Our clients include Ernst & Young, Sony Music Entertainment, Charles Schwab, and Volvo. Replicon, http://www.replicon.com/r=pr is based in Calgary, Alberta, Canada.



Media Contact

Arlene Worsley

403/262-6519 ext. 372

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