Replicon Experiences Largest Sales Quarter in Company History

January 17, 2002, Calgary, Canada – Replicon (replicon.wpengine.com), the world leader in Web-based timesheet management and productivity software, announced today that it experienced the largest sales quarter in its history following the launch of its new ProMax™ productivity software in early November 2001. ACNeilsen and Jockey International, Inc. helped contribute to a sales increase in excess of 130 percent along with Replicon’s growing roster of global customers. Replicon’s latest customers selected ProMax and Web TimeSheet to manage timesheet data and boost productivity based on the rich functionality, ease of deployment and use, and accelerated Return on Investment (ROI).

“We have learned that large companies as well as professional service firms and IT consultancies find our products easy to deploy and directly accountable for increasing corporate productivity and bottom line revenues,” said John Eddy, chief executive officer of Replicon. “Web TimeSheet’s continued success coupled with ProMax’s rapid market acceptance proves that companies are appreciating the ability of our products to measure productivity across the organization.”

Web TimeSheet manages cash flow, monitors project profitability, compresses billing cycles and allocates chargebacks within a single solution. ProMax extends Web TimeSheet by providing real-time visibility into the productivity level of workers, departments and companies. It also assists in aligning business priorities by distributing revenue goals to all individuals throughout the organization, reinforcing accountability. Web TimeSheet and ProMax are easy to deploy and can immediately begin collecting data and providing productivity views, resulting in rapid ROI.

"After investigating other time management alternatives, it was clear to us that Replicon brought the easiest and most effective solution to the table," said Betsy McLeod of ACNielsen. "Web TimeSheet has given us the ability to easily manage our employees' time and use the data to run a more efficient organization."

Web TimeSheet is the established market leader in automated timesheet management, with more than 500,000 global users at companies including HP, Compaq, AT&T Wireless, Sony Music and Charles Schwab. The product enforces proven timesheet and expense processes, collecting time and expense data more accurately and more efficiently than other timesheet software products. ProMax works with Web TimeSheet to provide the quantitative productivity information and analysis needed to measure and manage productivity as it relates to bottom line profits.

Replicon’s productivity software solutions are available for purchase and easy downloading at Replicon’s Web site at replicon.wpengine.com.

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