Kronos(R) Extends Market Leadership with Acquisition Of SmartTime; Strengthens Kronos' Presence in the Manufacturing Market

Under terms of the agreement, Kronos has acquired certain assetsof SmartTime, a Framingham Mass.-based privately held provider ofworkforce management solutions, in a cash purchase transaction. Inconjunction with the asset acquisition, Kronos will hire certain keySmartTime employees who will continue to provide service and supportfor SmartTime solutions.

"The acquisition of SmartTime supports our corporate goal ofcontinuing to expand Kronos' leadership position in workforcemanagement," said Aron Ain, Kronos chief executive officer. "Wewelcome these new customers into the Kronos family and are committedto providing them with the solutions and services they need to drivetheir business forward."

SmartTime delivers workforce management solutions to enterpriseorganizations that have complex labor environments and has developedan elite customer base. The solutions offered by SmartTime enableorganizations to capture actionable labor activity data which can beshared with other systems throughout an organization. SmartTime'sproduct lines are complementary to the solutions delivered in theKronos Workforce Central(R) suite.

"With more than 30 million people a day in 58 countries using aKronos solution, our customers are joining the global leader inmanaging the workforce," said Garry Meier, chairman and chiefexecutive officer of SmartTime. "Our customers will benefit from theaward-winning customer service and innovative technology solutions theorganization delivers. With Kronos, we know our customers are inexpert hands."

For more information on Kronos solutions, call (800) 225-1561 orvisit www.kronos.com.

About Kronos Incorporated

Kronos Incorporated empowers organizations around the world toeffectively manage their workforce. At Kronos, we are experts who aresolely focused on delivering software and services that enableorganizations to reduce costs, increase productivity, improve employeesatisfaction, and ultimately enhance the level of service theyprovide. Kronos serves customers in more than 50 countries through itsnetwork of offices, subsidiaries, and distributors. Widely recognizedas a market and thought leader in managing the workforce, Kronos hasunrivaled reach with more than 30 million people using a Kronossolution every day. Learn more about Kronos at www.kronos.com.

(C) 2006 Kronos Incorporated. Kronos, the Kronos logo andWorkforce Central are registered trademarks of Kronos Incorporated ora related company. All other product and company names mentioned areused for identification purposes only and may be trademarks of theirrespective owners.