AvidXchange Adds Key Executive Leadership to Support Growth Initiatives

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AvidXchange adds key executive leadership to support its growth initiatives. AvidXchange is pleased to welcome its new Chief Financial Officer and Chief Legal Officer.

AvidXchange, leading provider of accounts payable automation solutions for midsize companies, is pleased to announce two new additions to its executive team. Karen Bertaux will be joining the company as its Chief Financial Officer, and Ross Agre will be joining the company as its Chief Legal Officer and Head of Compliance. 2014 was a year of unprecedented growth for AvidXchange with a 60% increase in revenue, and the addition of more than 200 new employees to support this growth. The first quarter of 2015 is proving to follow this trend of momentous growth, and adding key employees at the executive level is one of the ways that AvidXchange is investing in its future to ensure that the company will remain positioned as a leader in the midmarket for payables automation.

About Karen Bertaux

Prior to joining AvidXchange, Karen held a variety of senior finance positions in the technology industry, including CFO of AGDATA based in Charlotte, where she successfully led a recapitalization of the company in 2014. Prior to AGDATA, Karen was the CFO of Consonus Technologies, Inc., and CFO of Strategic Technologies, Inc., both based in Raleigh, NC. Karen is a CPA and received her BS in Accounting from Frostburg State University in Maryland.

About Ross Agre

Prior to joining AvidXchange, Ross was the Chief Legal Officer of Mercury Payment Systems, a fast-growing US payments provider with gross revenues exceeding $1.2 Billion owned by Silver Lake Partners, where he also served as their acting General Counsel following Mercury’s acquisition by Vantiv. Ross received his law degree from Columbia University and his undergraduate degree from Dartmouth College.

About AvidXchange

AvidXchange revolutionizes the way companies pay their bills. Serving more than 4,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Energy and Construction. AvidXchange has been recognized as one of the 50 fastest-growing private companies in the Charlotte area for four consecutive years, as well as ranked among Deloitte’s Fast 500 this past year. In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people. AvidXchange has been recognized as one of the Best Places to Work in Charlotte for six consecutive years. For more information, contact us at 800.560.9305 or info@AvidXchange.com.

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Jen Ittenbach
AvidXchange, Inc.
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