Medius, a global leader in AP automation and spend management solutions, has announced the appointment of Fahmi Megdiche as its new Chief Information Security Officer (CISO). This strategic move comes as Medius continues its rapid expansion across Europe and America, aiming to enhance its security posture and safeguard its cutting-edge, AI-powered solutions.
In a recent LinkedIn post, Fahmi Megdiche expressed his excitement about joining Medius, stating, “I’m thrilled to announce that I’ve taken on the role of Chief Information Security Officer (CISO) at Medius. Medius is a global leader in AP automation and spend management with cutting-edge technology transforming business financial management. It continues its swift expansion across Europe and America with fantastic business goals and ambition.”
He also extended his gratitude to Yosra Hidri, Ahmed Fessi, Kristin Widjer, Branden Jenkins, and Karim Jouini for their trust and support in his new role. “This is an exciting time to join the team, and I’m honored to lead our cybersecurity strategies to sustain and protect our innovative, top-tier AI-powered solutions delivered around the globe,” he added.
Based in France, Megdiche will be at the helm of Medius’ cybersecurity strategy, focusing on fortifying key areas such as product development, IT, and security operations. His appointment coincides with Medius’ recent acquisition of Expensya, an employee spend management solution, further solidifying the company’s foothold in Europe.
Fahmi Megdiche: A Wealth of Experience
Megdiche’s extensive background in cybersecurity positions him as a valuable asset for Medius. He brings 17 years of experience in building security products and offering security consulting services. His career has been marked by leadership roles in various prominent companies, including Telnet, AUSY, and most recently, WYND, one of France’s fastest-growing SaaS companies. At WYND, he served as both CISO and Data Protection Officer (DPO), where he developed and implemented the company’s security and privacy programs from the ground up.
Ahmed Fessi, CTIO of Medius, expressed his enthusiasm for Megdiche’s arrival, stating, “Fahmi will provide strategic insights and product-specific security knowledge, which will allow us to strengthen our internal defenses and improve our offerings to customers. We’re excited to welcome Fahmi’s expertise as a significant security leader to Medius as we work against an external environment where criminals are getting increasingly innovative with how they target companies.”
Addressing Modern Business Challenges
In his new role, Megdiche will focus on addressing the multifaceted challenges faced by businesses today, from the rise of AI to increasing fraud and data protection issues. “Businesses are facing multiple challenges; from the rise of AI to increasing fraud and data protection issues, new technologies are creating new challenges for organizations globally.
To prepare for these challenges, carefully considered strategies are needed. Helping Medius enhance their security and privacy plans, along with examining our offerings to customers, will be core parts of my role. I look forward to working on the Medius product suite, which is already an essential solution for financial leaders looking for secure and innovative AP and spend management solutions,” he stated.
Medius is well-known for its autonomous, AI-driven AP and spend management solutions designed to eliminate fraud and inefficiencies in business financial management.
As Medius expands its geographical frontiers and broadens its product offerings, the appointment of a seasoned cybersecurity leader like Megdiche highlights the company’s dedication to maintaining the highest standards of security and privacy. His leadership is expected to drive significant advancements in Medius’ security strategies, benefiting both the company and its customers in navigating the complex cybersecurity challenges of today’s digital world.