Calgary, AB — January 18, 2010 – Replicon, Inc., the market-leading provider of Software-as-a-Service (SaaS) based timesheet and expense-tracking software, is pleased to announce it has been ranked #17 on the Fast Growth 50 by Alberta Venture magazine.

Replicon’s continued growth is a direct result of its expanding customer-base, who rely on the company’s extensive suite of Software-as-a-Service (SaaS) products to manage their project timelines, costs, billing processes, payroll and employee time-tracking. Combined with Replicon’s own dedicated, forward-thinking staff, this success has enabled the company to extend its reach to organizations in 60 countries across the globe.

“Today’s businesses demand powerful technology that can cut costs, boost productivity and greatly simplify their day-to-day operations. Our placement on the Fast Growth 50 is a testament to the ever-changing needs of these businesses and to all the hard work that has produced the best suite of time tracking products in the marketplace.” says Raj Narayanaswamy, Co-CEO of Replicon. “We’re incredibly thankful to our customers for making this achievement possible, as well as the many teams here at Replicon who have been instrumental to our success.”

Replicon’s core products, Web TimeSheet Project & Billing and Web TimeSheet Time & Attendance, are web-based solutions that enable businesses to:

• Track time against projects, clients or any business activity
• Compare expected revenue to the total cost of projects
• Streamline employee time & attendance
• Integrate with HR, payroll and accounting processes
• View comprehensive reports on all activities in real-time

Replicon’s suite of Software-as-a-Service (SaaS) products are easy-to-use, quick to implement and easy to maintain. All products can be deployed individually or as a seamlessly integrated suite of products.

“This is just the beginning of exciting things to come at Replicon. We’re proud to have earned our spot among Alberta’s most successful businesses, but our sights are still set on the future, and we have the resources and talent to carry this momentum for many years to come.” says Narayanaswamy. “From everyone at Replicon, we want to thank our clients and the staff at Alberta Venture for this prestigious recognition.”

About the Fast Growth 50

Produced annually by Alberta Venture magazine and KPMG, the Fast Growth 50 list recognizes growth-oriented businesses in Alberta. The list represents both small and large businesses serving local and world markets in information technology, real estate development, manufacturing and financial services, to name a few. Ranking is based on company growth in revenues, assets and profits, among other criteria.