AvidXchange Holdings Inc. (AvidXchange) is a technology company. It carries out in providing accounts payable and automated bill payment solutions. It offers solutions such as check printing software, purchase order software, bill payment software, automated invoice management software, bill payment software and utility bill management software. The company is into providing automation solutions for accounting activities using software systems. AvidXchange offers its solutions under various brands such as AvidStrongroom and Avidxchange. It provides its services to various industries including real estate, software and technology, banking, financial services, healthcare and social services, community association management, hospitality and construction. AvidXchange is headquartered in Charlotte, North Carolina, the US.
Headquarters
United States of America
Address
1210 Avidxchange Lane, Charlotte, North Carolina, 28206
Website
ir.avidxchange.com
No of Employees
1,600
Industry
Technology and Communications
Ticker Symbol & Exchange
AVDX (NASD)
Revenue (2022)
$380.7M
20.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
53.3%
(2022 vs 2021)
Market Cap*
$2.4B
Net Profit Margin (2022)
XYZ
61.2%
(2022 vs 2021)
* As of and is in US$
AvidXchange Holdings Inc. premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Purchase Order Software | Avidxchange |
| Check Printing Software | AvidStrongroom |
| Automated Invoice Management Software | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In August, the company entered into partnership with Strategies Group to help educate customers about AvidXchange’s TimberScan Titanium for Acumatica offering. |
| 2023 | Contracts/Agreements | In March, the company entered into an agreement with KeyStone by Corelation Inc to make AvidAscend, a top-tier invoice-to-pay software solution, available to corelation's 190+ prestigious credit union clients. |
| 2022 | Others | In December, the company announced an invoice-to-pay application programming interface (API) integration with Intuit QuickBooks Online (QuickBooks Online). |
Competitor Comparison
| Key Parameters | AvidXchange Holdings Inc. | Amazon Payments, Inc. | Aria Systems, Inc. | Chargify, LLC | Recurly, Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Charlotte | Seattle | San Francisco | Needham | San Francisco |
| State/Province | North Carolina | Washington | California | Massachusetts | California |
| No. of Employees | 1,600 | - | 500 | - | - |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Praeger | Chief Executive Officer; Director | Executive Board | - | - |
| Joel Wilhite | Chief Financial Officer | Senior Management | - | - |
| John Feldman | Chief Operating Officer | Senior Management | 2023 | - |
| Angelic Gibson | Chief Information Officer | Senior Management | - | - |
| Todd Cunningham | Chief People Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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