Journyx Teams with IBM to Power New Internet Business Service

Press Room
Journyx Teams with IBM to Power New Internet Business Service

Managemark chooses Journyx Timesheet ASP

AUSTIN, Texas, USA — April 24, 2000 — Journyx announced today a partnership with Managemark, the maker of the best-selling Quicken ExpensAble expense management solution, to offer a new ASP business-to-business service for workforce management. Managemark will offer TimetrakAble, an online time tracking service for project tracking, billing, and payroll, powered by a co-developed version of the market share leading Web-based time management application, Journyx Timesheet.

After considering a host of potential partners, Managemark selected Journyx as the best-of-breed time tracking technology provider in the Web-based workforce management space. A key factor in Journyx’s ability to meet the Managemark’s scalability requirements for TimetrakAble was the Journyx partnership with IBM (NYSE: IBM, News). TimetrakAble uses IBM’s WebSphere Application Server for a robust and scalable e-business deployment platform for Journyx Timesheet.

TimetrakAble online, powered by a customized version of the market share leading Web-based time management application, Journyx Timesheet. After considering a host of potential vendors, Managemark selected Journyx as the best-of-breed time tracking provider in the Web-based workforce management space. "We’re very pleased to be working with Journyx’s innovative engine for our time tracking service," said Alexander Hoag, VP Marketing of Managemark. "TimetrakAble combines Journyx’s superior technology and market knowledge with Managemark’s ASP development expertise and enterprise-class data centers.".

companies to be efficient and productive with an increasingly mobile and remote workforce. Employers need to be able to effectively manage the complexities of geographically distributed teams working on diverse projects. Companies that bill for their services, perform project-oriented work, or track attendance for a professional workforce will benefit from TimetrakAble’s integrated yet modular approach to time management.

"Partnering with Managemark to deliver a timesheet service and gaining access to Managemark’s data center open up exciting new options for customer services that we could not offer before," stated Curt Finch, CEO and president of Journyx. "At the same time, Journyx is delivering a valuable complementary solution to current ExpensAble.com subscribers." Journyx conservatively estimated the value of this deal at several million dollars over the next three years.

Paraic Sweeny, vice president, Business Transformation, IBM, commented, "IBM is committed to delivering world-class software solutions for the ASP market and working with companies like Journyx is part of IBM's overall strategy in this space Paraic Sweeny, vice president, Business Transformation, IBM.. The combination of Journyx's technology and IBM's WebSphere Application Server provide a flexible and easy-to-use hosted solution for time management."

"We have been highly satisfied with the features that the Journyx Timesheet product provides. Having this application offered as an enterprise-class Internet Business Service with 24x7 support is even better," said Dennis Wood, Senior Consultant of Business Innovations Group, Inc. (BIG), a rapidly growing human resource and enterprise resource planning consulting business that beta tested the service.

One of the most formidable challenges facing businesses today is maintaining efficiency and productivity with an increasingly mobile and remote workforce. Employers need to be able to effectively manage the complexities of geographically distributed teams working on diverse projects. Companies that bill for services, perform project-oriented work, or track attendance for a professional workforce will benefit from TimetrakAble’s integrated and modular approach to time management.

About TimetrakAble from Managemark
TimetrakAble, priced at $6 per month, is a subscription-based service that includes a timesheet, project journal, four different user profiles, a robust web reporting engine and flexible administrative options. For subscriber convenience, it is offered with no hardware or software to buy, no start-up fees, no annual fees and a "pay as you go" monthly billing process.

As an ASP service with enterprise-class data center support, all employees who have Internet access can enter their time 24 hours a day, seven days a week, 365 days a year. The easily deployable Internet time tracking service is flexible, scalable, configurable, and robust. A key component of the solution, IBM WebSphere Application Server, provides the scalable software foundation for Journyx, and delivers a flexible and open platform on which to build next-generation e-business applications.

TimetrakAble is the result of a strategic partnership between Journyx and Managemark, a leading producer of web-savvy business-to-business applications for the next-generation e-business portals and companies seeking to connect employees in multiple locations to their workplace. Founded in 1997, in cooperation with Intuit Inc., Managemark is headquartered in Sunnyvale, California. With over a million copies shipped, Quicken ExpensAble is the first name in expense management.

About Journyx
Journyx is fundamentally transforming how people do their daily jobs, by automating labor-intensive, paper-based processes with a superior, web-based solution. Founded in 1996, Journyx makes e-business workforce management software and has over 150,000 people in more than 4000 organizations worldwide using its software.

Journyx is a privately held company based in Austin, Texas, and developed the 68% market share leading Web-based time & project tracking application, Journyx Timesheet. In addition to its cutting-edge software applications, Journyx offers consulting services and application hosting. Journyx maintains a worldwide sales presence through its corporate web site at http://www.journyx.com.