Wax is a cloud based spend management software provider offering its clients an integrated source-to-pay software platform.
Wax Digital’s solutions are deployed in over 100 countries with 250,000+ users worldwide. Wax has been consistently recognised by Gartner as a Magic Quadrant “visionary” vendor during August’s ownership. August initially invested in Wax in November 2015 and supported the management team in growing its SaaS platform and helped their expansion into Europe and the US through the development of a channel partner base.
August Equity realised its investment in Wax Digital in a sale to Swedish software provider, Medius.