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AvidXchange™ Named to Charlotte Business Journal’s “Fast 50” List for Sixth Consecutive Year

Jen Ittenbach
December 12, 2016

CHARLOTTE, N.C., (Dec. 12, 2016) AvidXchange™ received the Charlotte Business Journal’s Fast 50 Award during a ceremony at the Hilton Charlotte Center City. The Fast 50 program recognizes the top 50 growing companies with revenues of $1 million, or more, in the 16-county Charlotte region. Winners were selected with a formula that percentage growth for fiscal years 2012 to 2015. With a 275% growth during this timeframe, AvidXchange continues to be a growth leader in Charlotte’s technology sector. AvidXchange ranked #18 on the list, and also were #3 for a new designation that the Charlotte Business Journal introduced this year for top revenue growth in dollars from 2012 – 2015.

“Being recognized for the 6th year in a row as one the Fast 50 is a great accomplishment for AvidXchange and our team,” commented Michael Praeger, CEO and Co-Founder of AvidXchange. “These results would not have been possible without the incredible hard work and dedication of our entire team of over 800 professionals focused on supporting and growing our customer base,” added Praeger.

AvidXchange grew its workforce by 50 percent in 2015, and has continued to expand throughout 2016. This year the company has increased its employee base by 60 percent, and surpassed the 800-employee mark in September. The Fast 50 award win comes right on the heels of AvidXchange’s receipt of the Charlotte Business Journal’s Best Places to Work Award, demonstrating that the company’s rapid growth and ability to create cutting edge technology is directly correlated to its ability to acquire and maintain top talent.

About AvidXchange™

AvidXchange revolutionizes the way companies pay their bills.  Serving more than 6,000 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Energy, and Construction.  AvidXchange has been recognized as one of the 50 fastest-growing private companies in the Charlotte area for six consecutive years, ranked among Deloitte’s Fast 500 this past year, and recently was named one of the top 100 technology companies in North America by Red Herring.  In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people.  AvidXchange has been recognized as one of the Best Places to Work in Charlotte for eight consecutive years.  For more information, contact us at 800.560.9305 or info@AvidXchange.com.

ABOUT THE AUTHOR

Jen Ittenbach

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