Marlin Equity Partners acquires Medius, a cloud-based invoice automation software provider
Marlin Equity Partners (“Marlin”) has signed a definitive agreement to acquire Medius AB (“Medius”), a provider of cloud-based accounts payable automation software that allows organizations to automate their invoice management process and gain greater financial control and visibility into their spend. The company’s flagship solutions, MediusFlow and Ascendo, help customers eliminate manual, paper-based accounts payable workflows, accelerate invoice processing, improve supplier relationships and reduce costs, providing more time that can be dedicated to the core of their business. The completion of the transaction is subject to applicable regulatory clearances and other customary closing conditions.
“Today, Medius’ software processes over 52 million invoices for more than 2,000 customers annually,” said Per Akerberg, CEO of Medius. “With a rich history of supporting and growing software companies, Marlin is an ideal partner and we look forward to leveraging their experience to further grow our customer base and expand into new markets and adjacent product categories.”
“Medius has achieved impressive growth that is being driven by strong demand for its innovative cloud-based invoice automation technology,” said Jan-Olivier Fillols, a principal at Marlin. “We are pleased to welcome Medius to our family of software businesses and are excited to support the company’s vision of helping more organizations cost-effectively automate and reduce time-consuming manual tasks and improve employee productivity.”
Medius is a provider of cloud-based accounts payable automation software that allows customers to automate and efficiently manage their invoice management process. The company serves more than 2,000 customers worldwide and processes over 52 million invoices annually, with high density in the retail, manufacturing and professional services sectors. Headquartered in Sweden, Medius employs accounts payable invoice automation experts spread globally across offices located in Sweden, the United States, Norway, Denmark, Poland, the Netherlands, Malaysia and Australia.
Source: Medius press release