The completion of the transaction is subject to applicable regulatory clearances and other customary closing conditions.
The investment aims to help Medius further grow their customer base and expand into new markets and adjacent product categories.
Led by Per Akerberg, CEO, Medius provides cloud-based accounts payable automation software, that allows organizations to automate their invoice management process and gain financial control and visibility into their spend. The company’s flagship solutions, MediusFlow and Ascendo, enable customers to eliminate manual, paper-based accounts payable workflows, accelerate invoice processing, improve supplier relationships and reduce costs.
Today, Medius’ software processes over 52 million invoices for more than 2,000 customers annually and has offices in Sweden, the United States, Norway, Denmark, Poland, the Netherlands, Malaysia and Australia.