Michael Praeger
Chief Executive Officer at AVIDXCHANGE HOLDINGS, INC.
Net worth: 199 M $ as of 30/03/2024
Profile
Founder of AvidXchange, Inc., PlanetResume.com, Infolink Partners and InfoVentures LP, Michael S. Praeger is an entrepreneur and businessperson who has been at the head of 6 different companies and presently holds the position of President, Chief Executive Officer & Director at AvidXchange Holdings, Inc. and Chairman & Chief Executive Officer at AvidXchange, Inc., Chairman & President at Strongroom Solutions, Inc. and President of AvidXchange Financial Services, Inc. (which are all subsidiaries of AvidXchange Holdings, Inc.). In his past career Mr. Praeger was Chief Executive Officer at Infolink Partners, Chief Executive Officer at InfoVentures LP, Associate for Summit Partners LP, Head-Group Communications & Marketing at OC Oerlikon Corp. AG and Principal at CareerShop, Inc. Michael S. Praeger received an undergraduate degree from Georgetown University.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
| 13/03/2024 | 15,148,251 ( 7.41% ) | 199 M $ | 30/03/2024 |
Michael Praeger active positions
| Companies | Position | Start |
|---|---|---|
| AVIDXCHANGE HOLDINGS, INC. | Chief Executive Officer | 31/03/2000 |
AvidXchange, Inc.
 AvidXchange, Inc. Packaged SoftwareTechnology Services AvidXchange, Inc. engages in the provision of end-to-end automated accounts payable solutions. It offers specialized services and analytics, accounting systems integrations. The firm serves mid-sized companies in the real estate, banking, and healthcare industries. The company was founded by Michael S. Praeger, Chris Tinsley, David Miller, and Chris Coutinho in April 2000 and is headquartered in Charlotte, NC. | Chief Executive Officer | 19/06/2011 |
Strongroom Solutions, Inc.
 Strongroom Solutions, Inc. Packaged SoftwareTechnology Services Strongroom Solutions, Inc. provides accounts payable and payment software solutions. The company was founded by Scott Mury and is headquartered in Houston, TX. | Chairman | - |
AvidXchange Financial Services, Inc.
 AvidXchange Financial Services, Inc. Financial ConglomeratesFinance Part of AvidXchange Holdings, Inc., AvidXchange Financial Services, Inc. provides financial services. The private company is based in Charlotte, NC. AvidXchange Financial Services was founded in 2010. | President | - |
Ariett Business Solutions, Inc.
 Ariett Business Solutions, Inc. Packaged SoftwareTechnology Services Ariett Business Solutions, Inc. develops and provides procurement platform. Its products include accounts payable invoice, payment processing, ReqNet, and Xpense. The company was founded in 1990 and is headquartered in Pembroke, MA. | President | - |
Former positions of Michael Praeger
| Companies | Position | End |
|---|---|---|
| OC OERLIKON CORPORATION AG | Public Communications Contact | - |
| PlanetResume.com | Founder | - |
| InfoVentures LP | Chief Executive Officer | - |
| Infolink Partners | Chief Executive Officer | - |
| ░░░░░░░░░░░ ░░░░ | ░░░░░░░░░ ░░░░░░░░░░░░░░░░░ | - |
Training of Michael Praeger
| Georgetown University | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 2 |
|---|---|
| OC OERLIKON CORPORATION AG | Process Industries |
| AVIDXCHANGE HOLDINGS, INC. | Technology Services |
| Private companies | 9 |
|---|---|
Summit Partners LP
 Summit Partners LP Investment ManagersFinance Summit Partners LP (Summit Partners) is a private equity firm founded in 1984 by Gregory Avis, Roe Stamps and Stephen Woodsum. The firm is headquartered in Boston, Massachusetts. | Finance |
AvidXchange, Inc.
AvidXchange, Inc. Packaged SoftwareTechnology Services AvidXchange, Inc. engages in the provision of end-to-end automated accounts payable solutions. It offers specialized services and analytics, accounting systems integrations. The firm serves mid-sized companies in the real estate, banking, and healthcare industries. The company was founded by Michael S. Praeger, Chris Tinsley, David Miller, and Chris Coutinho in April 2000 and is headquartered in Charlotte, NC. | Technology Services |
CareerShop, Inc.
 CareerShop, Inc. Internet Software/ServicesTechnology Services CareerShop, Inc. operates on-line management and information services. Its services are related to human resources, workforce management, including applications for managing benefits, payroll, scheduling and attendance. The company was founded in 1996 by Jim and is headquartered in Orland, FL. | Technology Services |
Strongroom Solutions, Inc.
Strongroom Solutions, Inc. Packaged SoftwareTechnology Services Strongroom Solutions, Inc. provides accounts payable and payment software solutions. The company was founded by Scott Mury and is headquartered in Houston, TX. | Technology Services |
| PlanetResume.com | |
| Infolink Partners | |
| InfoVentures LP | |
Ariett Business Solutions, Inc.
Ariett Business Solutions, Inc. Packaged SoftwareTechnology Services Ariett Business Solutions, Inc. develops and provides procurement platform. Its products include accounts payable invoice, payment processing, ReqNet, and Xpense. The company was founded in 1990 and is headquartered in Pembroke, MA. | Technology Services |
AvidXchange Financial Services, Inc.
AvidXchange Financial Services, Inc. Financial ConglomeratesFinance Part of AvidXchange Holdings, Inc., AvidXchange Financial Services, Inc. provides financial services. The private company is based in Charlotte, NC. AvidXchange Financial Services was founded in 2010. | Finance |
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