Strong Q4 sales for Medius

Medius ended 2013 with a strong fourth quarter. New sales increased with 78 percent year over year for the period. The strong traction for sales of MediusFlow and related Medius services spans all markets.

17 Feb 2014

“From a sales perspective, we’re very happy with the latter part of 2013. We are really glad to see so many new customers choose MediusFlow and the strong traction for our solution in the market has continued into 2014. In addition we’re really proud that so many large organizations have choosen us as their key supplier for invoice automation services”, says Mikael Lindblom, CEO at Medius.

A snapshot of new customers from the period include Radiometer Medical A/S in Denmark, Elkem in Norway, Argos and Shoeby Fashion in the Netherlands, Camfil Farr and CoStar in USA, as well as Würth, Nomo Kullager and Ahlberg-Dollarstore in Sweden.

”It’s particularly satisfying with the strong growth for Medius in the US, a fact that has compelled many US based industry analysts to see us as an established player in the US market. We’ve also seen great traction in the market for Ascendo, which we acquired in August 2013. We’re also quite proud of the fact that we are growing stronger than the market in general in such a mature market as Sweden”, concludes Mikael Lindblom.

Medius launched MediusFlow XI in early 2013 and in March 2014 the release will be complemented with additional functionality such as new modules for procurement and contract management. With the new release of MediusFlow XI the solution now provides support for the full procure-to-pay process.

”With MediusFlow XI we’ve got a solution that’s at the absolute forefront of technology, user-friendliness, processing power and flexibility. By building on the latest technology available we’ve been able to provide a truly simple and attractive user interface that really puts the user in control of their invoice process. MediusFlow XI works equally well on all platforms including tablets and smart phones”, says Pontus Björnsson, Executive VP at Medius.

MediusFlow XI is the markets most modern and advanced invoice automation solution. MediusFlow is fully mobile enabled with a flexible cloud-delivery and support for the full procure-to-pay process.

For more information
Mikael Lindblom, CEO Medius, +46 733 50 74 59, mikael.lindblom@medius-group.com
Pontus Björnsson, EVP Medius, +46 701 81 42 04, pontus.bjornsson@medius-group.com
Fredrik André, Global Marketing Director, +46 709 23 92 81, fredrik.andre@medius-group.com

About Medius
Medius is a software provider that develops and offers solutions for invoice automation, as well as implement the ERP-solution Microsoft Dynamics. Medius has 1300 customers, 250 FTEs and offices in Sweden (HQ), Norway, Denmark, Poland, Netherlands, USA, Malaysia and Australia. www.medus-group.com