Kronos and ADP Extend Long-Standing Relationship; ADP Expands Range of Integrated Time and Labor Management Solutions Available for All Size Organizations.Business/Technology Editors CHELMSFORD, Mass. & ROSELAND, N.J.--(BUSINESS WIRE)--Sept. 28, 2000 As a natural evolution of a successful relationship, Automatic Data Processing Same as data processing. , Inc. (ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. (R)), the world's leading provider of integrated payroll, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and benefits administration services, and Kronos(R) Incorporated, (Nasdaq: KRON KRON Knowledge Representation Oriented Nets ) the leading provider of frontline labor management systems, today announced that they will extend their long-standing relationship. ADP and Kronos signed a three-year contract extension that will enable ADP to continue to offer Kronos' Timekeeper Central(R) software product and Kronos terminals, and add Kronos' Workforce Central(TM) suite to ADP's existing time and labor management solutions. This further strengthens ADP's position as the market leader in providing a full line of scaleable and integrated HR, benefits, time and labor management and payroll solutions for all size organizations. ADP offers Kronos' software products on a month-to-month subscription service model. By allowing ADP to offer Workforce Central, Kronos expands the range of Kronos products available to ADP's large installed customer base and increases Kronos' potential revenue derived from Workforce Central. "We are delighted to be strengthening our relationship with ADP," said Mark S. Ain, chief executive officer and chairman of Kronos. "ADP and Kronos - leaders in our respective industries - have enjoyed a successful relationship since 1993, and look forward to many more years of a mutually rewarding partnership." "We are happy to be extending our line of time and labor management solutions by adding Kronos' Workforce Central product suite," said Russ Fradin Russ Fradin is an online advertising industry veteran. He is currently the CEO of Adify, an Online Advertising Company.[1] Fradin along with two other co-founders started Flycast in 1996, which was a phenomenal success. , president, ADP Employer Services - North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "ADP is now able to provide comprehensive, fully integrated payroll, HR, benefits and labor management solutions for all of our clients, including large enterprises." ADP will offer the following Kronos products under ADP's private label: --Enterprise eTIME(TM) - Targeted at larger organizations with deployment in multiple locations, this extremely scaleable, multi-tiered web-based product represents the latest and most complete frontline labor management technology within Kronos' product line. --eTIME(TM) - Targeted at small- to medium-size organizations, eTIME is a LAN-based time and labor management system ideal for single location companies. About Kronos Incorporated Kronos is the world's #1 provider of solutions for frontline labor management. Founded in 1977, Kronos Incorporated (Nasdaq: KRON) has been universally recognized as the pioneer of labor management systems with over 50 percent market share and 30,000 customers worldwide. The Chelmsford, Mass.-based company offers the industry's broadest suite of applications for managing employee time and activity data, scheduling the workforce, and providing frontline managers with the tools they need to measure and improve labor productivity. For more information about Kronos solutions call 1-800-225-1561 or visit Kronos on the Web at www.kronos.com. About ADP Automatic Data Processing, Inc. (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) is one of the largest global providers of computerized transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and information services See Information Systems. , with more than $6 billion in revenues and 500,000 clients worldwide. ADP Employer Services (ES) division is a leading provider of integrated business administrative solutions that help clients efficiently manage their internal processes, allowing them to focus on core competencies. ADP ES' offerings include both traditional and Internet-based outsourcing products and services, giving clients the ability to select from ADP's comprehensive range of World Class Service solutions. ADP's services include: payroll, tax regulatory management, HRMS HRMS Human Resource Management System HRMS High Resolution Microwave Survey (SETI, Project Phoenix) HRMS High Resolution Mass Spectroscopy HRMS High Resolution Molecular Spectroscopy HRMS Human Resources Management Specialist , benefits administration, time and labor management, retirement plan services, online recruiting and pre-employment screening. For more information about ADP, or to contact a local ADP sales office, reach us at 1-800-225-5237, Extension 124 or visit the company's Web site at www.adp.com. Kronos, Timekeeper Central and the Kronos logo are registered trademarks and Workforce Central is a trademark of Kronos Incorporated. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners. ADP is a registered trademark of ADP of North America, Inc. and eTime and Enterprise e-Time are trademarks of Automatic Data Processing, Inc. |
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