CHELMSFORD, Mass.--(BUSINESS WIRE)--Jan. 30, 2006--Addressing a wider range of payment and deployment preferences, Kronos(R) Incorporated (Nasdaq: KRON) today announced Kronos Subscription, the Software-as-a-Service (SaaS) alternative for its Workforce Central ® suite. Now all organizations can reap the benefits of the world's most widely adopted suite of workforce management applications, available on a perpetual license or subscription basis and deployable on site or hosted off-premises.
"Kronos Subscription allows Kronos to attract organizations that we have not historically targeted -- those with a pre-determined subscription pricing preference," said Aron Ain, Kronos chief executive officer. "Software payment and deployment options are broadening and some organizations now prefer an off-premises, fully managed subscription pricing alternative. As the leader in workforce management, we are committed to providing customers with an array of payment and deployment options to meet their individual needs. Driving this commitment is our unwavering focus on solving customers' workforce-related business problems."
Addressing market needs with unparalleled flexibility
Software-as-a-Service -- where customers rent rather than purchase software licenses -- is gaining interest for enterprise applications, particularly among small- and mid-size organizations. While this alternative is gaining interest, there will continue to be strong customer demand for on-site licensed software applications. In response to these market dynamics, Kronos now provides a range of alternatives, offering solutions on both a perpetual license basis and a subscription basis. Customers have the flexibility to choose deployment on site or hosted off-premises. Kronos' procurement alternatives are equally flexible, with options to license or lease the applications, or subscribe to a hosted solution.
Comprehensive workforce management suite
Kronos Subscription was developed to meet the needs of customers who prefer to pay for their software on a subscription basis and outsource their IT requirements. The Software-as-a-Service alternative offers the same level of functionality and performance available to the tens of thousands of organizations who license Kronos solutions. Kronos Subscription allows organizations to leverage Kronos' flagship suite of human resources, payroll, scheduling, absence management, labor activities, and time and labor applications in a hosted environment delivered on a per-employee per-month basis based on actual usage. Organizations can access this functionality through a web browser while Kronos manages the software, hardware, and support functions for the solution.
"Kronos Subscription is a growth engine which expands our market opportunity by addressing customers that were historically inaccessible to Kronos," concluded Ain. "We are giving our customers and the marketplace an additional option for implementing workforce management solutions. With this newest addition to our portfolio, Kronos solutions are even easier to acquire and deploy in the manner that best meets an organization's needs."
For more information regarding Kronos solutions call (800) 225-1561.
About Kronos Incorporated
Kronos Incorporated is the most trusted name in workforce management. Kronos helps organizations staff, develop, deploy, track, and reward their workforce, resulting in reduced costs, increased productivity, better decision-making, improved employee satisfaction, and alignment with organizational objectives. More than 20 million people use a Kronos solution every day. Learn more about Kronos' high-impact enterprise solutions at www.kronos.com.
(C) 2006 Kronos Incorporated. Kronos and the Kronos logo are registered trademarks of Kronos Incorporated or a related company. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
CONTACT: Kronos Incorporated
Michele Glorie, 978-947-2855
mglorie[at]kronos.com