PAYCHEX INVESTS IN KASHOO

Martin Mucci, PaychexPayroll provider Paychex has invested in online accounting software company Kashoo. The size of the equity investment was not revealed; however two Paychex executives now sit on the Kashoo board of directors. Paychex CEO Martin Mucci issued a statement that the investment is part of an expansion of products and services his company provides to small and mid-sized clients and the accounting community.

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