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Paychex Buys ExpenseWire

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Paychex, Inc. (NASDAQ: PAYX) today announced it 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.

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