Accelerated growth for Medius in 2019
Medius, a global supplier of cloud-based source to pay solutions, reports continued growth, customer success and product innovations in 2019. In addition, the acquisition of Wax Digital at the end of 2019 set the company up for tremendous opportunities in 2020 and beyond.Medius 2019 highlights
Revenue growth
Subscription revenue grew by 34% (28% LY) and recurring revenue accounted for 76% (72% LY) of total revenue.
Sales achievements
The total net customer base grew by 24% (24% LY) and new ACV (Annualized Contract Value) sales grew by 32% to 91 MSEK (68 MSEK LY) ($10.1M USD).