For Immediate Release
For additional information, contact:
Kevin Rhone, President & CEO
SmartTime Software, Inc.
508-598-3801
Garry Meier, Chairman
SmartTime Software, Inc.
508-598-3800
William Filip, Partner
Baird Venture Partners
610-975-0929
Meier Appointed Chairman of the Board
FRAMINGHAM, Mass., August 31, 2004 – SmartTime Software, Inc., Framingham, Mass., announced today that Tom Sinton, the former CEO of ProBusiness Services, Inc., and Garry Meier, an executive with over 25 years of leadership experience in the business services industry, have joined the Board of Directors of SmartTime Software to serve as independent Directors. In addition, Meier has been appointed Chairman of the Board of Directors. The addition of Sinton and Meier expands the Company’s Board to six Directors as they join CEO, Kevin Rhone, and three representatives from the Company’s recent equity financing, Bill Filip from Baird Venture Partners, Mike Forgash from Zon Capital Partners and Benjamin Malka from North Hill Ventures.
“We are extremely fortunate to have both Garry Meier and Tom Sinton join our Board of Directors at this dynamic stage in SmartTime’s evolution. Garry and Tom are industry veterans with deep domain knowledge and operating experience that will greatly benefit our company,” said Kevin Rhone, SmartTime’s Chief Executive Officer.
Tom Sinton is the founder and former CEO of ProBusiness Services, a publicly traded, leading provider of HR administrative services for large employers, including payroll processing, payroll tax filing, benefits administration and human resource software. ProBusiness Services, founded in 1986 and based in Pleasanton, Calif., grew under the leadership of Sinton to $170 million in revenue and over 2,000 clients prior to its strategic sale to ADP in 2003 for approximately $500 million. Prior to ProBusiness, Sinton was the founder and CEO of Home Gourmet Foods, a pioneer company in the fresh poultry retail marketplace. Sinton was also a former Vice President, Marketing for Kern Valley Packing Company and the founder and manager of Shell Creek Vineyards.
“I am excited to join the Board at SmartTime Software and help the Company achieve its growth objectives,” said Sinton. “SmartTime was a preferred partner of ProBusiness Services for a number of years and I believe their management team has uniquely positioned their product suite to capitalize on the demand in the marketplace for true workforce optimization,” added Sinton.
Garry Meier, a senior executive with multiple business services companies, is the former Chairman, CEO and President of Outsource International, Inc., a human capital management provider of professional services and temporary staffing. During Meier’s tenure, Outsource International achieved revenues in excess of $300 million annually through a nation-wide network of company-owned branches and franchise locations. Prior to his tenure at Outsource International, Meier was President & CEO of Global Integrity/Emergent Technologies, at the time a $100 million provider of Internet information security and e-commerce information protection and consulting services to the commercial marketplace. He has also served as Executive Vice-President/COO of Medaphis Physicians Services Corporation, a division of Medaphis Corporation, and Senior VP/General Manager Services, Strategy and Planning for Technology Service Solutions. Meier was also a former general partner at Edward Jones & Co. in St. Louis and began his career with the IBM Corporation.
“I appreciate the opportunity to join the SmartTime Board at this promising point in time, ” said Meier. “SmartTime’s technologically advanced suite of high performance time & attendance and workforce management products positions it well for significant growth. This Company has a unique opportunity to make an immediate impact in its industry,” Meier said.
“As Chairman, Garry will play a critical role in assisting the Company with the development of its long-term business strategy and the structure and formation of strategic industry partnerships,” said Bill Filip, Partner, Baird Venture Partners. “Garry is a highly experienced executive and a long-time advisor to Baird and we are very pleased to have him involved with our most recent investment,” added Filip.
SmartTime recently completed a preferred stock equity financing that included investments by Baird Venture Partners, Zon Capital Partners, North Hill Ventures and senior management. The financing provides SmartTime with working capital for continued development of its SmartWorks™ enterprise-level solutions, now being deployed in a variety of key industry sectors. In addition, SmartTime will use the proceeds to expand its sales, marketing and client services resources, accelerate new product development efforts and pursue strategic acquisitions.
About SmartTime Software, Inc.
SmartTime is a leader in strategic workforce management solutions for large, diverse workforces and mid-tier enterprises. By optimizing and effectively managing labor resources, businesses can maximize workforce efficiencies to achieve a strong competitive advantage and increased profitability. The SmartWorks™ Suite of automated Time, Attendance and Employee Scheduling and labor analytics applications enables organizations to effectively manage their workforce through intelligent labor deployment automation and accurate compensation processing. It gives businesses the capability to analyze and make informed decisions about the effectiveness of their workforce and the processes that are critical to the bottom line.
Founded in 1986, SmartTime is headquartered in Framingham, Massachusetts. For more information, visit www.smarttime.com or contact Michael J. Panagakos, Vice President of Field Operations at (508) 598-3830.
