# Replicon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/replicon

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.replicon.com
- Total disclosed funding: $20M
- Latest round: Series A (Jun 28, 2013)
- Investors on record: 2

## About

Replicon Inc. is a provider of time tracking and workforce management solutions, primarily serving government contractors and enterprise-level organizations with innovative automation technology.Replicon Inc. was founded in 1996 in San Mateo, US and specializes in time tracking solutions. The company has received funding through 2 deals, with the most recent being a Series A round for USD 20.00 mn on May 25, 2023, led by Emergence Capital Partners and Social Capital. The company is led by CEO Lakshmi Raj and Raj Narayanaswamy.Replicon offers a comprehensive suite of time tracking and workforce management solutions tailored for the government contracting industry and various enterprise-level organizations. Their flagship product, AI-powered ZeroTime™, automates the capturing of employee time and work data, eliminating manual time tracking processes. This solution integrates seamlessly with multiple work applications to provide accurate and contextual time data, which is essential for billing, compliance, and payroll functions. Additional offerings include ProjectTime for managing project hours and costs, TimeBill for accurate project billing, and Workforce Management for overseeing employee schedules and compliance with labor laws. The company's products are designed for a global market, supporting compliance with various geographical labor regulations while serving a diverse client base, which includes government agencies, large enterprises, and organizations with complex project requirements across North America, Europe, and Asia.Replicon generates revenue primarily through a subscription-based model that offers clients access to its suite of time tracking and workforce management solutions. Clients, including government contractors and large enterprises, engage in contractual agreements that provide tiered pricing depending on the selected services and the scale of their operations. The structure of these transactions typically involves annual or monthly subscriptions, allowing organizations to access essential tools for project management, billing, and compliance. The company’s product offerings, such as TimeAttend and Global Labor Compliance, are integral to operational efficiency and are vital for clients seeking reliable time management systems. Through these structured agreements, Replicon effectively maintains a consistent revenue stream while delivering value to its clients through innovative, AI-powered solutions.In May 2023, Deltek, Inc. agreed to acquire Replicon Inc. for an undisclosed amount, a transaction completed in August 2023 that is conditional upon regulatory approval and customary closing conditions. This acquisition complements Deltek, Inc.’s robust portfolio of enterprise software and information solutions for project-based organizations, as well as continuing to improve and expand integrations. The recent funding will support Replicon's expansion into new markets and enhancement of their existing product offerings.

## Funding rounds

- Series A, Jun 28, 2013, $20M — Emergence Capital, Social Capital

## Investors

- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series A
- Social Capital (https://capitalatlas.ai/funds/social-capital) — Series A