Medius to be acquired by Marlin Equity Partners
2 August, 2017
Medius AB (“Medius”), the global leader in cloud-based AP invoice automation, has announced that it has signed a definitive agreement to be acquired by Marlin Equity Partners (“Marlin”) – a global investment firm with over $6.7 billion of capital under management – from Novax, InnovationsKapital and minority shareholders for an undisclosed amount. The acquisition will enable Medius to accelerate its ongoing global expansion and continue investing in its cloud-based solutions for accounts payable automation. The completion of the transaction is subject to customary closing conditions and is expected in the third quarter of 2017.
Founded in 2001, Medius has grown steadily and now serves more than 2,000 customers worldwide processing 52 million invoices annually. In recent years, Medius has developed a unique cloud solution for accounts payable automation, pursued and implemented the strategic acquisition of Ascendo, streamlined operations by divesting its ERP consultancy division, shifted its business and products to a recurring revenue and Software-as-a-Service model and expanded internationally, developing a significant market position in the U.S.
“We have transformed Medius from a traditional software company to a true cloud company – from a product, business, and corporate culture perspective,” said Per Åkerberg, CEO of Medius. “We are very excited to continue the growth journey of Medius together with Marlin and leverage their deep sector expertise and operational resources to accelerate our global expansion.”
“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.”
For more information, please contact:
- Per Åkerberg, CEO, Medius AB, per.akerberg@medius-group.com
- Fredrik André, VP Global Marketing, Medius AB, +46 (0)709 23 93 81, fredrik.andre@medius-group.com
About Medius
Medius is a leading provider of AP invoice automation solutions in the Cloud. The MediusFlow and Ascendo solutions automate and simplify the entire P2P process. The company has 2,000 customers worldwide processing 52 million invoices annually, with high density in retail, manufacturing and services. Founded in 2001, Medius now has 220 employees working out of offices in Sweden (HQ), the United States, Norway, Denmark, Poland, the Netherlands, Malaysia and Australia. For more information, please visit www.mediusflow.com.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 100 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.