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Newsroom   /   Press Release

AvidXchange CEO Michael Praeger named CBJ’s 2017 Business Person of the Year

January 26, 2018

CHARLOTTE, N.C., (Jan. 26, 2018) The Charlotte Business Journal presented the 2017 Business Person of the Year Award to AvidXchange™ CEO, Michael Praeger. The awards program, celebrating its 15th year, recognizes business leaders who demonstrate extraordinary success in areas of financial performance, managerial skills, personal qualities, and contribution to Charlotte’s strength as a region.

“I am thrilled to be part of the list of other notable business honorees,” said Praeger. “At AvidXchange, we remain true to our most valued competitive advantage – our people. Given the high quality of revolutionary business leaders in the Charlotte region, being recognized as the 2017 Business Person of the Year is more than just an honor – it is evidence that leadership cannot be accomplished without collaboration.”

Joining a distinguished list of former CBJ Business Person of the Year honorees, Praeger co-founded AvidXchange in 2000. Today, the company is recognized as one of the fastest-growing firms in the Charlotte region with a value of $1.4 billion. As a leading financial technology provider, AvidXchange reached a milestone in 2017 – partnering with Mastercard to deliver invoice management and payment automation to small and midsize businesses. In addition, AvidXchange continues to grow, with its workforce increasing by 37 percent in 2017 – expanding to more than 1,000 employees.

About AvidXchange™

AvidXchange™ revolutionizes the way companies pay their bills.  Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in ap automation 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 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 [email protected].

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