Medius, a leading provider of source to pay solutions, today announced that global private equity firm Advent International has acquired a minority stake in the business. Following the deal, Marlin Equity Partners remains Medius’ majority shareholder. The terms of the transaction were not disclosed.
Founded in Stockholm in 2001, Medius is a global leader in AP automation, payments, sourcing and procurement with more than 500 employees serving thousands of customers across the globe. The company’s suite of products and services automate the process of receiving, handling, approving, and paying an invoice, and simplify the onboarding and managing of vendors.
The common goal is to accelerate the development of Medius’ core technology, including leveraging AI and ML to deepen its automation capabilities, and further the company’s vision of a touchless invoicing process. In addition, the intention is to strengthen Medius’ end-to-end, source-to-pay solution through strategic business investments and M&A activity in the coming months.
Read more: PRNewswire
