Kronos® Extends Market Leadership with Acquisition Of SmartTime; Strengthens Kronos' Presence in the Manufacturing Market

Business Wire, July 18, 2006

CHELMSFORD, Mass. -- Kronos(R) Incorporated (Nasdaq: KRON) announced today that it has acquired the labor management business of SmartTime, extending its market leadership in providing solutions that empower organizations to effectively manage their workforce. This acquisition will further strengthen Kronos' footprint in the manufacturing industry.

Under terms of the agreement, Kronos has acquired certain assets of SmartTime, a Framingham Mass.-based privately held provider of workforce management solutions, in a cash purchase transaction. In conjunction with the asset acquisition, Kronos will hire certain key SmartTime employees who will continue to provide service and support for SmartTime solutions.

"The acquisition of SmartTime supports our corporate goal of continuing to expand Kronos' leadership position in workforce management," said Aron Ain, Kronos chief executive officer. "We welcome these new customers into the Kronos family and are committed to providing them with the solutions and services they need to drive their business forward."

SmartTime delivers workforce management solutions to enterprise organizations that have complex labor environments and has developed an elite customer base. The solutions offered by SmartTime enable organizations to capture actionable labor activity data which can be shared with other systems throughout an organization. SmartTime's product lines are complementary to the solutions delivered in the Kronos Workforce Central(R) suite.

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

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

About Kronos Incorporated

Kronos Incorporated empowers organizations around the world to effectively manage their workforce. At Kronos, we are experts who are solely focused on delivering software and services that enable organizations to reduce costs, increase productivity, improve employee satisfaction, and ultimately enhance the level of service they provide. Kronos serves customers in more than 50 countries through its network of offices, subsidiaries, and distributors. Widely recognized as a market and thought leader in managing the workforce, Kronos has unrivaled reach with more than 30 million people using a Kronos solution every day. Learn more about Kronos at www.kronos.com.

(C) 2006 Kronos Incorporated. Kronos, the Kronos logo and Workforce Central are registered trademarks of Kronos Incorporated or a related company. All other product and company names mentioned are used for identification purposes only and may be trademarks of their respective owners.