Scottsdale, AZ (PRWEB) April 14, 2006
Time America, Inc. and Unitime Systems, Inc., both major providers of automated workforce management solutions, today announced they have completed a transaction whereby Time America has divested certain direct sales assets to Unitime Systems. Under the terms of the agreement, Unitime Systems acquired a portion of the Time America direct sales maintenance and hosted client base along with specific direct channel sales opportunities and associated intellectual property rights. Financial terms of the transaction were not disclosed.
The transaction affords both organizations the opportunity to focus on those things they do best. Time America will continue to build its extensive reseller network and business development channels and will also focus on key enterprise account opportunities and its data collection subsidiary, NetEdge Devices, LLC. Unitime Systems will increase its customer support base and add a proven hosted software solution to its product line. Unitime Systems’ business and alliance partner channels are unaffected by the transactions.
“Unitime Systems is a respected competitor in our market. I believe this transaction is advantageous to both parties, and I see opportunity beyond the immediate benefit as the relationship matures,” stated Thomas Bednarik, President and CEO of Time America.
Bill Korstad, CEO of Unitime Systems, states, “Tom and I have been friends as well as friendly competitors for years. We admire what Time America has been able to accomplish in the marketplace. This is one of those win-win deals that benefit both companies.”
About Time America, Inc.
Time America, Inc. (OTCBB: TMAM) has been a leading provider of web-based, client-server and desktop time and labor management solutions since 1988. Time America’s family web-based, client-server and desktop solutions deliver a cost-effective, automated means for employee time and attendance tracking, management of labor resources and payroll processing. The Deloitte Technology Fast 500 has honored Time America as one of the 500 fastest growing technology companies in North America in 2003 and 2004. For more information, please visit the Time America web site at http://www.timeamerica.com.
About Unitime Systems, Inc.
Unitime Systems provides time and attendance software solutions for small to enterprise organizations in nearly every industry. A leading time and attendance software provider for over 12 years, Unitime Systems has helped more than 2,000 organizations in over 7,500 locations enhance the performance of employees, managers, and overall operations. Unitime time and attendance software reduces the amount of time needed to prepare time sheets for payroll, improves workforce management, minimizes errors, and helps track and manage labor expenses. For more information, please visit the Unitime Systems web site at http://www.unitime.com.
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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