Press Release: Strongroom Solutions : AvidXchangeTM Finalizes Acquisition of StrongroomTM Solutions

CHARLOTTE, N.C., (June 17, 2015) AvidXchange, leading provider of accounts payable and payment automation solutions for midsize companies, today announced that the acquisition of Strongroom Solutions has been completed. The merger, originally announced last month, will provide AvidXchange's clients in the real estate space with a more comprehensive solution for Home Owner Associations (HOA), further strengthening the company's position as the leading payment provider to the real estate market. Financial Technology Partners LP and FTP Securities LLC ("FT Partners") served as exclusive financial and strategic advisor to AvidXchange in this transaction.read more