Timesheet Software Leader, Replicon, Inc., Acquires MySchedule.net Workforce Management Solutions

August 18, 2009 – Calgary, Alberta – Replicon Incorporated, the market leader in online time and expense reporting software today announced its acquisition of privately held MySchedule.net, a leader in web-based employee scheduling software. The acquisition of MySchedule.net reaffirms Replicon’s commitment to innovation and leadership in the time and expense management industry.

Replicon’s market leading product, Web TimeSheet – available in both a Project & Billing edition and a Time & Attendance edition – helps companies streamline their time, attendance, and expense tracking processes for better visibility, more informed decision making, and rapid ROI. By acquiring MySchedule.net, Replicon will be able to provide a one-stop source for an integrated suite of solutions – including project related time & expense management, time & attendance management, resource management and employee schedule management.

“Replicon’s continued global growth is fuelled by market demand for online products that help customers streamline their businesses – increasing return-on-investment (ROI) and reducing costs,” said Raj Narayanaswamy, CEO of Replicon. “The acquisition of MySchedule.net enforces Replicon's ongoing commitment to providing global leadership in the time management industry. By increasing Replicon’s investment in web based scheduling, we expect to build on our success – driving the innovation curve and expanding our market reach to deliver enhanced value to all of our customers. We look forward to supplying our customers with a complete suite of products that grow with their businesses and work seamlessly together to provide quick ROI.”

Joey Skinner of MySchedule.net added, “On behalf of MySchedule.net, we are very pleased that our technology has been integrated with Replicon's product suite and will benefit millions of users worldwide. The addition of a scheduling component to the market leading time and expense software suite will undoubtedly provide customers with a full-range solution that covers all the tracking requirements of an organization.”

This move accelerates Replicon’s strategic initiative to provide an easy-to-use, flexible, and robust solution that meets the full gamut of an organization’s time management needs.