AvidXchange - M&A Summary and Business Overview

Internet Software And ServicesCompany

AvidXchange M&A Summary

AvidXchange has acquired 4 companies, including 2 in the last 5 years. It has also divested 1 asset.

AvidXchange has acquired in 4 different US states. The Company’s most targeted sectors include software (100%).

AvidXchange Business Overview

Where is AvidXchange headquartered?

AvidXchange is headquartered in Charlotte, North Carolina.

What is AvidXchange’s revenue?

AvidXchange disclosed revenue of 381M USD for 2023 and 316M USD for 2022.

How many employees does AvidXchange have?

AvidXchange has 1,600 employees.

What sector is AvidXchange in?

AvidXchange is an internet software and services company.

When was AvidXchange founded?

AvidXchange was founded in 2000.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 1

AvidXchange

AvidXchange, Inc.

1210 AvidXchange Lane,
Charlotte, North Carolina 28206
United States,
(800) 560-9305
www.avidxchange.com

AvidXchange is a SaaS-based provider of accounts payable management solutions for mid-sized companies in the real estate, banking, and healthcare industries. The company's product suite integrates with a customer's existing accounting systems to centralize and streamline accounts payable workflow. AvidXchange was formed in 2000 and is based in Charlotte, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - 1 - - - 4
Sell (0.0/yr) # 1 - - - - - 1
  5

Most Recent M&A

Company Date Value Type
Core Associates LLC 2021-01-04 - Add-on Acquisition
Jupiter, Florida · www.core-assoc.com
BankTEL Systems LLC 2019-08-27 - Add-on Acquisition
Columbus, Mississippi · www.banktel.com
AvidXchange - Check Supply Business 2016-07-11 - Divestiture
Charlotte, North Carolina
Strongroom Solutions, LLC 2015-05-19 - Add-on Acquisition
Houston,, Texas · www.strongroomsolutions.com
Piracle, Inc. 2014-11-20 - Add-on Acquisition
Murray, Utah · www.piracle.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 4 (100%) - - -
Internet Software and Services - - 1 (100%) -
Total 4 - 1 -

By Geo

State/Country Buy Value Sell Value
United States 4 - 1 -
  Texas 1 - - -
  Mississippi 1 - - -
  Florida 1 - - -
  Utah 1 - - -
  North Carolina - - 1 -
Total 4 - 1 -

Top M&A Advisors

Financial Deals
FTP Securities LLC (FT Partners)
 1

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Internet Software and Services

Revenue

381   21% 2023
316   28% 2022
248   34% 2021
186   24% 2020
150   2019
(millions of USD) Show More Show Less

Employees

1,600

Established

2000

Public

NASDAQ: AVDX

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Related Lists for AvidXchange

North Carolina Companies , Internet Software and Services Companies , United States Companies , North Carolina Internet Software and Services Companies , North Carolina Internet Software and Services with Acquisitions , North Carolina Internet Software and Services with Divestitures

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