Caisse-backed AvidXchange buys purchase-to-pay company
AvidXchange has acquired Ariett, a Pembroke, Massachusetts cloud solution provider to the purchase-to-pay market. No financial terms were released. AvidXchange, a provider of accounts payable and payment automation solutions, said the deal will give its customers more purchasing functionality to help manage spending with requisition approval, purchase order management, and the ability to analyze expenses. Charlotte, North Carolina-based AvidXchange earlier this year raised a US$300 million financing. The round was co-led by Caisse de dépôt et placement du Québec.
20 November 2017•4 mins read
