Unitime Systems' New Headquarters Will Accommodate Continued Growth

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Software developer's 19,000-square-foot office nearly triples size of previous space.

Unitime Systems, developer of time-and-attendance software for businesses and other organizations throughout the United States, has moved to a new headquarters office here after outgrowing the space it had occupied since 1998. Unitime's new, 19,000-square-foot headquarters is nearly triple the size of its previous, 7,200-square-foot office, also in Boulder.

The new space can accommodate more than 100 employees and will enable the company to more than double the size of its Boulder staff. Unitime also has satellite offices in Alpharetta GA, Chicago and Minneapolis.

The company has doubled in employee size during the past two-and-a-half years and continues to aggressively add new employees. Currently, 45 employees work at the Boulder office (54 companywide); the company expects to add at least 35 more to the Boulder office within two years. The new office space offers a 450-square-foot, temperature-controlled research and development lab-—more than twice the size of the R&D lab at the company’s previous location.

Unitime signed a five-year lease, with a five-year option, on the new office at 4900 Pearl East Circle, Suite 110. The Pearl Street location is Unitime’s third office since Doug Peterman, president and co-founder, and CEO Bill Korstad founded the company in 1993.

“We founded the company with a desire to work with great people, provide excellent products, and help customers improve their businesses,” said Peterman. “Our growth has been a 'natural byproduct' of this environment.”

CUSTOMERS

Unitime has grown from 500 customers throughout the United States and Canada in 1996 to 1,500 in 2003 and more than 1,900 today. The company expects to add its 2,000th customer later this year and plans to expand eventually into the South and Central American markets.

Unitime customers are organizations of all sizes in nearly every industry in more than 7,500 locations. They range from retirement-home operator American Retirement Corporation and wood-products distributor Universal Forest Products to the Seattle Mariners and Orlando Magic professional baseball and basketball teams.

PRODUCTS

Unitime recently released Version 6.5 of its UNITIME Automated Timekeeping System, whose new features help companies automate employee incentive policies and paid-time-off benefits as part of its daily time-and-attendance tracking. Version 6.5 also offers a Staff Coverage feature that helps organizations with compliance, staffing and other labor-management issues; it automatically calculates the number of personnel working during any user-defined time period that divides evenly into 24 hours.

For information about Unitime Systems and its products, visit http://www.unitime.com; info@unitime.com; or call 800-611-4762 (303-473-0300); fax: 303-444-7387.

ABOUT UNITIME SYSTEMS

Unitime Systems, based in Boulder CO, provides time and labor management software for small to enterprise organizations in nearly every industry. Founded in 1993, Unitime Systems has helped more than 1,900 businesses in more than 7,500 locations throughout the United States enhance the performance of employees, managers and overall operations. Unitime Systems' products integrate seamlessly with payroll, human resources, ERP and other critical back-office systems. Options include SQL and Web platforms, biometric time clocks, benefit accruals and attendance point tracking, all backed by Unitime Systems' unparalleled support and professional services. Unitime Systems' headquarters is at 4900 Pearl East Circle, Suite 110, Boulder, CO 80301; http://www.unitime.com; info@unitime.com; 800-611-4762, fax: 303-444-7387.

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Greg Bell
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