press-releases

HMS Annouces 2004 Results

Leading provider of enterprise timesheet and enteprise project management systems expands

Montreal, Quebec January 27, 2005 - HMS Software, a division of Heuristic Management Systems Inc. announces its financial results for the 2004 fiscal year ending December 31st, 2004. The Montreal-based company is an internationally renowned specialist in project-oriented products and services.

"2004 was a growth year for HMS", says Chris Vandersluis, HMS president and founder, "We're very happy with this year's results. In this challenging economy and in a particularly challenging environment for IT organizations, HMS continues to flourish. This year saw an overall growth of more than 10% with continuing profitability."

HMS has two main streams of business revenue. One from the sale and support of TimeControl, its enterprise timesheet system designed for project environments, the other from Consulting Services which specialize in the implementation of enterprise project management systems such as Microsoft Project and Project Server.

"While both aspects of our business grew in 2004," reports Vandersluis, "Consulting Services growth was spectacular. In particular, our Microsoft Project consulting practice grew by over 100% last year. We credit this to our strong relationship with both Microsoft Canada and Microsoft headquarters in Redmond, Washington as well as the realization of a number of long-term initiatives which are now beginning to bear fruit."

HMS Software's TimeControl also enjoyed growth overall in 2004. "We're delighted with the ongoing strength of the TimeControl market," said Vandersluis. "TimeControl sales of product and technical services were up this year and TimeControl continues to find new users in both North America and overseas. TimeControl users in 2004 include companies in North America, Europe, Scandinavia, Africa, the Gulf, Australia and Asia. Needless to say our international network of dealers continues to play an important role in our expansion."

About TimeControl

TimeControl was originally released in 1994. It was immediately successful in the project management sector and today is recognized not only as a project management solution, but also as an enterprise timesheet solution in use by companies worldwide. TimeControl is designed as a multipurpose timesheet able to serve the needs of both Finance and Project Management simultaneously. It includes features such as a multi-browser, multi-device interface, a PC and mobile interface, vacation approvals, executive dashboards, extensive approval functionality, flexible reporting and links to project management and corporate systems which makes the timesheet product ideally suited for integration with existing systems in any organization. TimeControl's flexibility allows it to be deployed for use as a time and attendance, time and billing, project tracking and flex-time system. TimeControl is available both for purchase for an on-premises installation or as an on-line subscription in the Cloud.

To access the free Hosted TimeControl Trial site, visit our free trial page.

For more information about TimeControl, monitor the TimeControl blog at http://blog.timecontrol.org/ or the TimeControl website at www.timecontrol.com.

For information about TimeControlOnline, our hosted timesheet subscription service in the cloud, go to www.timecontrol.com/features/timecontrol-online.

For any other questions, please contact HMS Software at info@hms.ca.

TimeControl is represented around the world by our distributors in Argentina, Australia, Brazil, Canada, Chile, Croatia, Czech Republic, Egypt, Finland, Ireland, Mexico, the Netherlands, New Zealand, Norway, Russia, Singapore, Sweden, Thailand, the UK, and the U.S.

About HMS Software

Based in Montreal, Canada with offices in Toronto, HMS Software has been a leading provider of project management and enterprise timesheet systems and services since 1984. HMS Software's first customized timesheet application was written in 1984. With the launch of TimeControl as a commercial application in 1994, HMS Software began servicing clients worldwide.

HMS Software's client list reads like a who's who of business. It includes Acergy, Aecon, Rio Tinto, the Atlanta Airport, the City of Montreal, the County of San Mateo, Electromotive Diesel, EXFO, FT Services, Kelly Services, Koch, Merck Frosst, the Government of Quebec, Georgia Pacific, Parker Hannifin, Rolls Royce, Sobeys, Volvo Novabus, Zimmer Inc. and hundreds of others.

For further information about HMS Software, please visit the HMS website at: www.hms.ca or contact us at info@hms.ca.

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