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AVIDXCHANGE BUYS ARIETT

Michael Praeger, AvidXchange Accounts payable software company AvidXchange has purchased Ariett Business Solutions. Based in Pembroke, Mass. Founded in 2005, Ariett markets cloud-based payment, procurement software, along with time and expense software and other applications.

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PAY DOWN FOR INTUIT EXECS

Neil Williams, IntuitFour Intuit executives saw compensation decline for the year ended July 31. Leading the downturn was CEO Brad Smith whose take fell to $16.4 million, down 12.8 percent from $18.8 million for fiscal 2016.

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COLUMBUS TO BUY GLOBAL FIRM

 Thomas Honoré, ColumbusColumbus has made an offer to buy iStone, a firm based in Sweden with 600 employees that operates globally. It represents a substantial expansion for the Denmark-based Columbus which had 1,200 employees when the first half ended on June 30.

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