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AVIDEXCHANGE TO EXPAND Featured

Michael Praeger, AvidXchange AvidXchange, which make payment products, has said it will expand its Utah operations. The Charlotte, N.C.-based company says it will add 218 jobs at its Salt Lake City office. AvidXchange entered Utah with its 2015 purchase of Piracle.

The company says its West Site expansion will enable it to better serve a wider customer base. CEO Michael Praeger says that expanding facilities through the United States is important as AvidXchange grows its customer base. The jobs in Utah will be added over five years. AvidXchange can earn a post-performance tax credit rebate of up to $359,247 over five years. The software organization consolidated its Charlotte offices in a new headquarters last summer.

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