CALGARY, AB — (MARKET WIRE) — 07/18/2003 — Replicon, the world leader in web-based timesheet management software, announced today that their co-founders, Raj Narayanaswamy and Lakshmi Raj, havebeen selected as finalists for the Ernst and Young Entrepreneur of the Year award. The award recognizes individual risk takers who have contributed to economic growth and innovation in theirrespective categories.
“There are so many innovative companies out there that are so deserving of this recognition that it is such an honor to be recognized for this award again,” says Raj Narayanaswamy, co-founder of Replicon. “We are so proud of the entire team here at Replicon; each and every one of them dedicates so much of their time to making this company a success. The road has not always been smooth nor the future always been predictable, however spirits have always been high making our jobs much easier,” says Lakshmi Raj. “I am honored to be recognized as a finalist for this award; this means so much to everyone here at Replicon.”
Replicon products include Web TimeSheet, ProMax, Web TimeSheet Expense, and Web TimeSheet Project Link. Web TimeSheet is the established market leader in automated timesheet management, with more than 750,000 global users at companies including HP, Compaq, AT&T Wireless, Sony Music, ACNielsen, Jockey International and Charles Schwab. The product enforces proven timesheet and expense processes, collecting time and expense data more accurately and more efficiently than other timesheet software products. ProMax works with Web TimeSheet to provide the quantitative productivity information and analysis needed to measure and manage productivity as it relates to bottom line profits.
Replicon’s Web TimeSheet 4.9 is available for purchase and easy downloading at Replicon’s Web site at www.replicon.com. Web TimeSheet 4.9 starts at $109 per user.
About Replicon
Replicon, founded in 1996, is the world leader in timesheet and expense management and the innovator in productivity software. With its Web TimeSheet and ProMax products, organizations can now automate timesheet and expense processes and have visibility into project and staff productivity. Replicon launched Web TimeSheet version 1.0 in 1998 and has grown revenues in excess of 250 percent for the last two years. Replicon has grown its total user base to more than 750,000 users in 42 countries today. The company has been recognized by Profit Magazine as one of the fastest growing companies in Canada in 2001 and by Alberta Venture Magazine/Grant Thornton Chartered Accountants as one of the fastest growing companies in Alberta for both 2001 and 2002. Most recently it was selected as a finalist for Ernst & Young’s 2002 Entrepreneur of the Year Award. Replicon is privately held and has financial backing from BDC Venture Capital Group, one of the largest venture capital organizations in Canada. For more information, visit www.replicon.com.
Contact: Lakshmi Raj
Company: Replicon Inc.
Phone: 403-716-5206
Email: lakshmi@replicon.com
