SWEDEN - InnKap back Medius with SEK 25m

Medius' business support is divided into three main areas: IT-related consultancy; ERP from development of custom products and installations to management and support of existing ERP systems; and its own Workflow which deals with electronice invoices and enterprise content management (ECM).

Founded in 2002, the company has seen an impressive growth over the past three years. Since 2006 revenues have increased by 430%, the business is set to reach its SEK 90m target in 2009.

Its clients include Saab, Haldex, Stadium, Mekonomen, K-rauta, and The Body Shop. The company is headquartered in Stockholm.

The capital injection will fund increased commercial efforts in the Netherlands, the Nordic region, Germany, UK and France.

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• Topics
• Expansion
• Nordics