Replicon Co-founder Honored on the PROFIT W100 Ranking of Canada’s Top Women Entrepreneurs

Calgary, Alberta, Canada – (November 30, 2005) – Replicon Inc., the leading provider of time tracking software, is pleased to announce that their Co-founder and Vice President, Sales and Marketing, Lakshmi Raj, has once again earned a place on the Annual PROFIT W100 Ranking of Canada’s Top Women Entrepreneurs.

Ranking Canada’s Top Women Entrepreneurs by the annual revenue of their firms, the PROFIT W100 profiles the country’s most successful female business owners. Published in the November issue of PROFIT and online at PROFITguide.com, the PROFIT W100 is Canada’s largest annual celebration of entrepreneurial achievement by women. “We are happy to welcome the 2005 PROFIT W100 winners to this distinguished group of peers,” says Ian Portsmouth, editor. “Canada’s Top Women Entrepreneurs are generating economic growth both at home and abroad.”

This is the second year in a row that Lakshmi Raj has ranked on the PROFIT W100 list. This year, Raj ranked #52 on the list, climbing up from #71 in 2004. “I am honored to be included on this prestigious list once again,” said Raj. “With new technologies being introduced almost daily, remaining profitable and competitive within the software industry is a constant challenge. Our success comes from our ability to quickly respond to our customers’ needs.”

Since co-founding Replicon in 1996, Raj has been instrumental in transforming the company from a grass-roots start-up to a successful, profitable company. Today, Replicon’s flagship product, Web TimeSheet, is the market’s leading time tracking solution, with over 1.1 million users in 54 countries. Building on the success of Web TimeSheet, Replicon recently expanded its product line to include both a web-based resource scheduling solution and a web-based vacation tracking solution.

Replicon’s Web TimeSheet™ helps organizations manage corporate productivity, streamline time and billing, and increase bottom-line revenues. Replicon’s products are available for purchase and easy download at Replicon’s web site at www.replicon.com.

Replicon has achieved both the Microsoft ISV/Software Solutions Competency and the Information Worker Productivity Solutions Competency.

“Partners play a critical role in delivering solutions and applications to customers with the Microsoft Office System,” said Jeff Raikes, group vice president of Productivity and Business Services at Microsoft. “The value of Solutions Competencies is that they enable Microsoft to deliver resources and training to partners that are meeting their customer needs. And for partners, the opportunity to highlight their expertise to customers is tremendous in the growing IW solution market.”

###About PROFIT
PROFIT: Your Guide to Business Success, offers news, strategies, tips, interviews and other resources to entrepreneurs leading Canada’s fastest-growing companies. Each year PROFIT- which currently reaches more than 400,000 readers nationally—hosts a number of events that bring together business leaders in the fast-growth segment and champions the interests of those leaders. PROFIT was founded in April 1982 as Canada’s first national magazine geared to entrepreneurs. Visit PROFITguide.com.