Co-CEO of Replicon, World-Leader in Online Timesheets, Named to Canada's Top 40 Under 40™.

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Lakshmi Raj, Co-CEO of Replicon, the world-leader in timesheet software, has been recognized as one of Canada's Top 40 Under 40™.

I feel that being named to the Canada's Top 40 Under 40™ list isn't about me at all

Replicon, Inc., the world-leader in online time and expense tracking software, is pleased to announce that Lakshmi Raj, Co-Chief Executive Officer, has been named as a Recipient of Canada's Top 40 Under 40™ for 2007.

"I feel that being named to the Canada's Top 40 Under 40™ list isn't about me at all," says Lakshmi. "My success is based on Replicon's success and Replicon's success is a combination of innovation, determination, and a truly talented group of people who have dedicated themselves to bringing workplace solutions for time and expense tracking to organizations around the world."

Replicon is a Calgary-based developer of time and expense tracking software, co-founded by Lakshmi and her husband, Raj Narayanaswamy. Replicon's flagship application, Web TimeSheet, was created as a simple solution that allows companies to utilize quantitative analysis of productivity information to maximize profit thresholds. In 2005, Replicon added to Web TimeSheet by introducing time off tracking and project tracking to make a comprehensive productivity suite.

Lakshmi provides vision and leadership that reflects that core of the Replicon Experience. She has dedicated herself to the quest for "Operational Excellence" by systematizing key areas such as 24/7 customer support, an online customer portal for existing clients, and opening other offices in Texas and India to better serve foreign markets. This improves Replicon's efficiency while reducing costs to the customer.

Replicon is committed to providing customers with the best possible product to suit their needs. Replicon's solutions are easy to acquire, easy to install, and very easy to support. With focus on innovative yet simple software solutions, Replicon has become the dominant player in time and expense tracking software, with over 6700 customers in 60 countries.

About Canada's Top 40 Under 40™
Canada's Top 40 Under 40™ annually honours 40 Canadians across the private, public and not-for-profit sectors under the age of 40. The prestigious national award program--now in its 13th year--is managed by founding sponsor, The Caldwell Partners. Other sponsors include Deloitte, The Globe and Mail, Certified General Accountants of Canada, and Air Canada.

The 2007 Recipients of Canada's Top 40 Under 40™, featured in the May 6th edition of The Globe and Mail, will attend a series of celebratory events in Toronto, culminating with the Honourees being presented with their Top 40 Crystal Cube at the Awards Ceremony on May 6, 2008.

About Replicon
With more than 6700 customers worldwide, Replicon, Inc. is the industry leader of web-based time and expense management solutions. Founded in 1996, Replicon, Inc. powers companies of all sizes to maximize profitability and productivity. Replicon's product suite of Web TimeSheet, Web Resource, and Web TimeOff facilitates a myriad of front and back office solutions, including billing, resource planning, budgeting and control, and employee time and expense. Replicon's clients include Ernst & Young, Sony Music Entertainment, Charles Schwab, and Volvo. Replicon, http://www.replicon.com is based in Calgary, Alberta, Canada.

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MIKE HOYLES
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