Replicon Co-Founder Ranked #6 Among Canada's Top Women Entrepreneurs

Calgary, AB - November 23, 2009 – Replicon, Inc., a global provider of web-based timesheet and expense-tracking software, is pleased to announce that Lakshmi Raj, Co-Founder and Co-CEO, has been ranked #6 on PROFIT magazine's W100 list of Canada's Top Women Entrepreneurs.

The ranking, determined by company revenue, growth and profitability, represents the continued success of Replicon's suite of software-as-a-service (SaaS) products, which help organizations better manage their project costs, timelines, client billing, payroll and employee time tracking.

Replicon attributes the achievement to the ongoing support of its fast-growing client base, which represents over 6,700 customers in 60 countries, and to the hard work and dedication of its own talented staff.

“It is a great honor for our entire team to be recognized so highly among Canada's most robust businesses," says Raj. "This achievement wouldn't be possible without Replicon's driven, forward-thinking employees and the incredible support of our customers around the globe.”

Replicon jumped 22 spots on the PROFIT W100 since its 2008 ranking, as more businesses discovered the ease of use and cost-efficiency of its two core web-based products:

• Web TimeSheet Project & Billing: Helps organizations track project time and costs, and allows for comparison against estimated timelines and revenue projections
• Web TimeSheet Time & Attendance: Tracks employee time and helps companies comply with time management policies while integrating seamlessly with payroll and HR
  

Lakshmi Raj co-founded Replicon in 1996 with the aim of streamlining time and expense tracking into a single comprehensive solution that could be accessed from anywhere with an Internet connection. Maintaining this customer-centric focus, the company has since grown to become the global leader in timesheet and expense management software with 1.2 million users worldwide.

“The women atop the W100 show that winning in business means tapping profitable niches, empowering your staff and trusting your gut,” says Kim Shiffman of PROFIT magazine. “Innovative and focused on growth, they're just what’s needed to inspire and inform entrepreneurs in a challenging economy.”

Replicon thanks all its customers, employees and the staff at PROFIT magazine for helping attain this proud distinction.

About the PROFIT W100

The PROFIT W100 ranks Canada's women entrepreneurs on the basis of their firms' size, profitability and three-year growth rate. Now in its 11th year, the PROFIT W100 ranking and awards program is Canada's largest celebration of entrepreneurial achievement by women.