Time Tracking Software Leader Replicon Cashes In at Annual Employee Profit Share Celebration

February 22, 2008 – Calgary – Every year, Replicon has a company-wide celebration with respect to the Employee Profit Share program in place. During this celebration, employees’ profit share cheques are passed out averaging approximately 2 months salary per employee (or a 16% annual bonus).

Calgary, The Heart of the New West™ – is a great city to visit, live, work and play. Calgary is a booming city that holds no restraints for the growth potential of a business, and despite popular belief, Calgary is much more than just oil and gas.

With its recent and very substantial growth, Calgary's business sector has never been stronger. With a province-leading growth-rate in the fastest growing province in Canada, Calgary has experienced over a 10.6% growth-rate in the past year alone according to the Canadian Census.

Other industries leading the way in Calgary's incredible growth rate are the media and software development areas of the business sector.

Founded in 1996, Replicon is the world leader in web-based time and expense tracking, time-off tracking, and resource scheduling software. Replicon’s flagship solution Web Timesheet provides organizations with visibility into project costs and status, facilitates cost allocation and charge backs, accelerates billing cycles, and enhances profitability with a single solution.

Replicon delivers easy to use and quick to implement web-based solutions for companies of all sizes. Replicon launched Web TimeSheet 1.0 in 1998 and has grown revenues in excess of 125 times (12,525%) in the last ten years. Replicon has also grown its total user base to more than 6700 companies in 60 countries.

In 2007, Replicon has again been recognized as one of the Alberta’s Fastest Growing companies by Alberta Venture, Co-CEO, Lakshmi Raj, was honored with a top 30 spot on the Profit W100 Most Successful Women in Canada list, the Replicon customer service team came runner-up to "Best Online Sales Team in North America" out of a highly competitive list by the Stevie Award group, and finally, Replicon most recently won a Canada's Top 100 award for workplace diversity, titled, "Best Workplace for New Canadians".

This kind of recognition and growth in clientele, employees and revenue is what has kept Replicon on top of its industry as the world leader in time and expense tracking software solutions.

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