Administaff Acquires ExpensAble, a Leading
Software Services Company
June 15, 2010 07:03 AM Eastern Daylight Time
HOUSTON--(EON: Enhanced Online News)--Administaff, Inc. (NYSE:ASF), a leading provider of human
resources services for small and medium-sized businesses, today announced that it has acquired OneMind Connect,
Inc., which does business under the trade name ExpensAble. ExpensAble is a privately held company based in
Irvine, Cal. The terms of the transaction were not disclosed; however, the acquisition costs and first year operations
are not material to Administaff’s 2010 results.
ExpensAble is a leading provider of expense report management solutions delivered in both a Software as a Service
(SaaS) model and as a desktop software product. The company offers solutions that automate expense reporting,
enforce corporate travel policies, streamline management and provide visibility into a company’s expenditures
through data collection, analytics and reporting. ExpensAble currently serves over 5,000 companies worldwide.
Existing management and staff will continue to oversee operations, and the company will continue to operate under
the ExpensAble name.
“ExpensAble represents a strong addition to our growing line of SaaS products that offer a compelling value
proposition to businesses looking to improve productivity and profitability,” said Paul J. Sarvadi, chairman of the
board and chief executive officer of Administaff. “This acquisition advances our corporate strategy of developing
profitable adjacent business units with recurring revenue streams, strong growth potential, and substantial cross-
selling opportunities to grow our core PEO business.”
“ExpensAble addresses the growing need for businesses to gain better control and real-time visibility into their
spending trends in one of their largest controllable cost areas, while streamlining the expense reimbursement
process,” said John Tangredi, president of ExpensAble. “As an Administaff company, we have a great opportunity