Report: ExpenseCloud Acquired By TriNet

Los Angeles-based expense management software and services developer ExpenseCloud, which was founded by Eric Sikola and Dan Fritcher, has been acquired by human resources provider Trinet, according to reports today. According to PandoDaily, citing "sources with direct knowledge of the transaction", the deal was signed last Thursday. ExpenseCloud--which was formerly known as ExpenseBay--offered up an online application which helped users manage and submit expense reports. TriNet is a provider of outsource human resources services. (Disclaimer: TriNet is a sponsor of socalTECH).