Replicon Ranks Again Among Fastest Growing Companies in Alberta

Calgary, AB, January 10, 2011 — Replicon, Inc., is pleased to announce it has been ranked #13 on this year’s Fast Growth 50, an annual list of Alberta’s top growth-oriented businesses, released by Alberta Venture magazine.

Replicon jumped four spots since last year’s ranking, thanks to the continued success of its market-leading web-based timesheets and expense-tracking software.

Over 7,800 customers currently use Replicon’s Software-as-a-Service (SaaS) product suite to streamline their time- and expense-tracking for payroll, human resources and accounting. The software’s award-winning interface allows users to enter time and expenses from anywhere and generate comprehensive reports on-the-fly.

“As more organizations move to a paperless environment, the demand has increased for smarter technology that can streamline the operations of today’s growing businesses,” says Raj Narayanaswamy, Co-CEO of Replicon. “Replicon’s web-based software eliminates the need for paper timesheets and gives businesses the information they need to boost productivity and cut costs.”

Replicon’s flagship products, Web TimeSheet Project & Billing and Web TimeSheet Time & Attendance, integrate seamlessly to provide a complete solution for all the time tracking needs of an organization. Together, the two editions give businesses the ability to:

• Enter time from anywhere with an Internet connection
• Track time against any business activity or project
• Monitor actual vs. estimated hours and costs
• Manage projects in real time with at-a-glance reporting
• Integrate seamlessly with project management and accounting software

“We’re honored to be ranked alongside the most successful businesses in Alberta,” says Narayanaswamy. “We owe sincere thanks to our growing customer base, our dedicated teams here at Replicon and Alberta Venture Magazine for making this achievement possible.”

For more information about Alberta Venture Magazine, visit: Alberta Venture Magazine

Produced annually by Alberta Venture magazine and KPMG, the Fast Growth 50 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.