A North Carolina-based payment software company has announced it will expand operations in Utah, creating 218 new jobs over the next five years.
AvidXchange, which in late 2014 acquired Cottonwood Heights-based Piracle Inc., announced it has selected Utah for the $3.5 million expansion after being awarded a tax credit rebate of up to $359,247 from the Governor’s Office of Economic Development (GOED) board at the board’s September meeting. The company is considering locations in Sandy and Murray.
A privately held corporation based in Charlotte, AvidXchange provider accounts payable and payment automation solutions for midmarket businesses. The company’s automation software increases control and visibility in the invoice payment process to reduce processing time, maximize efficiency and lower processing costs for payables. It has more than 6,000 customers nationwide.