Medius reports 49% sales growth and integration success in 2020
STOCKHOLM, March 8[th] 2021 Medius, a leading provider of cloud-based spend management solutions, reports strong 2020 performance – with a 49% increase in new sales – despite the challenging macro environment. During the year, the company has also successfully integrated Wax Digital into the global business, following acquisition in Q4 2019.Medius’ new ACV (Annualized Contract Value) sales grew by 49% in 2020. The company has built a strong foundation for continued growth with its subscription-based sales model, with recurring revenue accounting for 78% of total revenues during the year.