Financial information

Medius experienced an exciting 2017 with new owners of the company, continued strong sales growth in all regions and product innovations to further increase customer value.

2017 highlights:

  • Sales success: The total net customer base grew by 10% and new ACV (Annualized Contract Value) sales grew to 57 MSEK (7.2M USD).
  • Revenue growth: Recurring revenue accounted for 69% of total revenue and subscription revenue grew by 33%.
  • Product innovation: Medius continued to invest in technology and functionality driving increased efficiency and control of the accounts payable process.
  • Global expansions: Marc Bandini joined the company as the new President, Americas and Medius acquired all outstanding shares in its Australian subsidiary.
  • New owners: Medius was acquired by the global investment firm Marlin Equity Partners.

Read the press release: Medius 2017 Corporate Summary

Additional information

If you have any questions or would like any additional information please contact Anders Fohlin, Group CFO by email or phone +46 (0)721-55 77 91.