AvidXchange acquires TimberScan provider Core Associates

Jan 06, 2021 - FinTech Futures
Mergers and Acquisitions-Investments

Accounts payable and payments unicorn AvidXchange has acquired Core Associates, the company behind the TimberScan platform.

AvidXchange CEO Michael Praeger

AvidXchange says the deal makes it one of the foremost account payable automation firms in the construction market.

Core Associates will continue to offer TimberScan to help customers in the construction industry, including contractors, commercial developers, and prope...