Replicon Reports Record Growth in 2012

San Mateo, Calif., Jan.16, 2013 – Replicon, the global leader in cloud-based time tracking software, today announced record revenue growth for the 2012 fiscal year. Fueled by continued strong demand for easy-to-use online timekeeping software solutions delivered in the cloud, Replicon saw 47.1 percent invoiced revenue growth during the full fiscal year 2012, compared to 2011, in its software-as-a-service (SaaS) offerings. Additionally, Replicon added 995 new SaaS customers, with significant expansion in enterprise, financial services and cloud-based technology in the social, collaboration and online retail market segments.

“The SaaS revolution is taking over the enterprise as easy-to-use and easy access to cloud-based business applications help work get done faster,” said Raj Narayanaswamy, co-founder and co-CEO of Replicon. “Business today is about accelerating workforce productivity, and companies are quickly realizing the value not only of tracking employee time but understanding how that time is spent. Our rapid growth demonstrates strong and growing demand, and sets the tone for our continued momentum in 2013 as the global leader in cloud-based time tracking software.”

Additional growth year over year includes a 22.2 percent increase in new SaaS customers with more than 1,000 employees. More than 57 percent of Replicon’s customer growth was in the U.S. and the U.K.

Get started today.
Set up a free trial based on your business needs. Start Free Trial

Calculating the ROI of Your Projects with Time Tracking

Before initiating a project, professional services firms want to know how much profit and revenue they can generate for the company. Return on Investment (ROI) analysis helps firms to evaluate…Read More

Humanizing the Time Tracking Tool

Benjamin Franklin once said, ‘Time is money’ and nowhere is truer than in business. Time is a strategic asset that is extremely limited. Businesses that use their limited time productively…Read More

How Time Tracking Improves Bottom Line Results

Every enterprise is looking for ways to improve its bottom line and gain profit in a given time. From hiring the right talent to training their existing employees, organizations spend…Read More

Using shared services? These five technologies are a must

As organizations continue to scrutinize operating costs and look for areas to drive efficiencies, shared services centers (SSCs) are a no-brainer. The concept of a multi-function SSC has been around…Read More

Employee time tracking is dead

iBeacons, Bluetooth Low Energy, Proximity sensing and the obsolescence of time tracking as we know it. Businesses have to track the time their employees work for a variety of reasons,…Read More

Reducing Absenteeism with Effective Time Management and Absence Tracking

Workplace absenteeism is a major concern for American companies. According to the US Bureau of Labor Statistics, unplanned absences cost American businesses an average of 2.8 million workdays every year,…Read More
  • Polaris
  • Time & Project Insights
  • Time & Projects Solutions
  • Replicon Products
  • Replicon Users
  • Cloud
  • Corporate
  • Professional Services Management
  • Shared Services Management
  • Time and Attendance Management
  • Customer Feature
  • Time Intelligence
  • Industry News
  • Global Compliance Updates
  • Others