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Cendant Expands Kronos License to Accommodate 100,000 Employees as Part of 'MyTime' Initiative; ROI Already Calculated at More Than $4 Million Per Year.

Publication: Business Wire
Publication Date: 17-MAY-04
Format: Online - approximately 796 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors/High-Tech Writers

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--May 17, 2004

Kronos(R) Incorporated (Nasdaq: KRON) today announced that Cendant Corporation, a worldwide provider of travel and residential real estate services, has continued to expand its Kronos rollout by purchasing an additional 40,000 Workforce Central(R) suite licenses to accommodate its current workforce and further organic growth. Cendant is now licensed to accommodate 100,000 employees on a single database, using Kronos' centralized, Web-based time and labor solution.

"MyTime," the internally branded name for the Kronos solution, is currently being rolled out to Cendant's entire workforce across its 40 different business units including its Real Estate Services such as Century 21 and Coldwell Banker; Hospitality Services such as Days Inn, Howard Johnson, Ramada Inn,...

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