[29 August, 2011] Medius presents Mediusflow 10.0

Medius AB is releasing a major update of its proprietary software Mediusflow on Thursday 1/9. The update brings several improvements to the entire Mediusflow suite with a focus on further reducing the customer's processing cost per invoice, and ability to efficiently cope with much larger invoice volumes.

"Our goal during the development of Mediusflow 10.0 has been to meet and surpass the demands of our increasingly large customers. We listened to the wishes of our major customers, such as Morrison, RnB, Norgesgruppen, Wyvale, Haldex and JCDecaux and made many improvements. The result is significantly enhanced performance, scalability, and above all more efficient and faster processing of incoming invoices," says Henry Rosén, Product and Development Manager Mediusflow.

Mediusflow 10.0 contains more than 100 improvements. The most important include:

Improved user interface to quickly handle large quantities of invoices.
Increased support for the management of multiple companies and corporate structures.
Improved integration capabilities with 3rd party software.
Improved deviation management that enables quicker handling and better control.
Enhanced customization and scalability.

"Further improvements in Mediusflow 10 include new, more efficient ways to work with templates for invoice scanning, support for authorizing invoices using an iPhone for our Small Business customers and expanded opportunities to automate and save additional time for the organization," says Per Nordling, CEO Medius Group.

Mediusflow release 10.0 is available for demonstration at Medius and its partners from the first of September 2011. Please contact us if you want to know more:

Per Nordling, CEO Medius group

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Tel: +46 13-10 63 54

[16 August, 2011] Novax takes ownership stake in IT company Medius

Novax AB provides expansion capital to Medius AB by purchasing slightly more than 10-percent of the outstanding shares in the company. Medius is an IT company with a strong market position serving retail, manufacturing and service oriented companies.

Medius provides solutions in two business areas, ERP systems and workflow. Within the ERP area, Medius is a full solution provider for Microsoft Dynamics. The Workflow business is based on the proprietary product Mediusflow which is a platform where customers and partners can develop their own business processes. Medius has also pre-developed a number of applications that support purchase-to–pay systems, an area where Medius is the market leader in Sweden. Medius sees great opportunities to reach a similar position internationally with Mediusflow and is already established in all Nordic markets, the largest European markets, North America, Australia and Asia.

- In order to realize these opportunities and take the next step in our progress we have decided to bring in Novax in as an ownership partner. In Novax, Medius gets a strong and long-term owner/partner and their experience and industrial roots will offer much more than just investment capital, says CEO of Medius and founder Per Nordling.

- Medius is a well-managed and rapidly growing company with strong offerings. The Medius solutions bring real customer value and provides quick and clear return on investment. We are delighted to become partners and believe that Novax’s experience in working with growth companies can help to further develop Medius together with other owners, founders and management, says Anders Slettengren, CEO of Novax.

For further information please contact:

Anders Slettengren, President Novax,                                           +46 705-156662      Joakim Skaraborg, Investment Manager Novax,                           +46 708-290607
Per Nordling, President Medius                                                     +46 733-507921
Johan Castevall, CFO Medius                                                        +46 733-560481

Novax is an active and long-term investor who help developing companies with high growth potential in the consumer-oriented trade and services. In addition to Mediu,s Novax has ownership interests in the following companies: Filippa K, WeSC, DesignTorget, Heaven, Studentum and Safe Home.

www.novax.se

Novax is a part of the family company Axel Johnson AB and Axel Johnson International, Axstores, Serve, Swedish BevakningsTjänst and partly owned Axfood and Mekonomen. The group is owned by Antonia Ax:son Johnson and family.

www.axeljohnson.se

Medius was founded in Linköping in 2001 and provides leading business support that simplifies and streamlines business processes. Medius’s services and solutions is based on business systems Microsoft Dynamics AX and NAV and the proprietary workflow platform Mediusflow. Mediusflow enables companies to quickly move from concept to solution in order to automate and optimize business processes that are outside the ERP system capacity. Today Medius is established in a number of markets worldwide and maintains strong growth under controlled conditions and controlled profitability.

www.medius.se

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