Less than 1 min.Read

AvidXchange: Acquires Core Associates

January 6, 2021

AvidXchange, a Charlotte, N.C.-based provider of accounts payable (AP) and payment automation solutions for the middle market, acquired Core Associates
The amount of the deal not disclosed
Through this acquisition, AvidXchange becomes one of the foremost AP automation providers for the construction market
All Core Associates customers will have access to the AvidPay Network of 680,000 suppliers to facilitate more efficient payment processing
Core Associates is a maker of AP workflow, invoice approval, document storage and forms-data management solutions
AvidXchange is an industry leader in automating invoice and payment processes for mid-market businesses