Kronos Acquires Australian Workforce Solutions Business of Simplex International Pty. Ltd. in Completion of 2001 Transaction

CHELMSFORD, Mass.--()--May 13, 2003--Kronos(R) Incorporated (Nasdaq: KRON) today announced that it has acquired the Australian Workforce Solutions business of Simplex International Pty. Ltd. in a cash purchase transaction. Kronos agreed to purchase Simplex's Australia operation in conjunction with its December 2001 acquisition of the North American Workforce Solutions business of Simplex International's affiliate, SimplexGrinnell LP.

"We made a very smart decision when we chose to acquire facets of SimplexGrinnell's workforce division," said Mark S. Ain, Kronos' chief executive officer. "The initial transaction has been a great success, full of interactions with thousands of organizations that use legacy time and labor technology throughout North America. Considering all of the pluses, we're very excited to have closed the books on our acquisition of the Workforce Solutions business of Simplex's Australian operation."

More than 150 former SimplexGrinnell customers have transitioned to Kronos solutions since Kronos acquired the company's North American operation, citing Kronos as offering the industry's most feature-rich, well-architected time and labor solutions.

"When Kronos purchased SimplexGrinnell's Workforce Solutions business, it made perfect sense for us to move to Kronos technology for better control of our labor expenses," stated Steve Chappell, director of finance at Carson Valley Inn. "We are now able to better manage our payroll on a daily basis instead of waiting days or weeks with the previous system. We anticipate ROI for the Kronos system to be achieved in a year." Carson Valley Inn, located in Minden, Nev., employs over 600 employees for its 230-room resort.

About Kronos Incorporated

Kronos Incorporated is a single-source provider of human resources, payroll, scheduling, and time and labor solutions. Kronos' best-in-class Employee Relationship Management solution enables organizations to reduce costs and increase productivity, improve employee satisfaction, align employee performance with organizational objectives, and put real-time information in the hands of decision makers. More than 40,000 organizations trust Kronos to solve their employee-centric business challenges. Learn more at www.kronos.com.

(C) 2003 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.

Contacts

Kronos Incorporated
Michele Glorie, 978/947-2855
mglorie@kronos.com

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Contacts

Kronos Incorporated
Michele Glorie, 978/947-2855
mglorie@kronos.com