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Paychex Buys ExpenseWire

Paychex logoPayroll provider Paychex has acquired ExpenseWire an expense report automation application for small and medium-sized businesses, from Rearden Commerce. Web-based ExpenseWire has tools for managing and controlling the expense reporting process, including approval, reimbursement, and reporting.
Terms were not disclosed. PayChex had utilized the acquired product to power its Paychex Expense Management since October 2008. Paychex said the deal will enable it to further enhance its Paychex One-Source Solutions and that it also gained an experienced development and client service team

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