Paychex (PAYX) Acquires Wooster, OH-Based ExpenseWire

December 3, 2012 10:02 AM EST
Paychex, Inc. (Nasdaq: PAYX) has acquired ExpenseWire from Rearden Commerce, Inc. ExpenseWire is a leading expense report automation solution for small and medium-sized businesses. Paychex first partnered with Rearden in October 2008 when ExpenseWire was selected to power Paychex Expense Management, a Web-based solution that provides clients with tools to readily manage and control the expense reporting process, including approval, reimbursement, and reporting.

ExpenseWire was established in 1999 and is based in Wooster, Ohio. Terms of the acquisition were not disclosed.

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