from the blogsXero: A billion-dollar software company that had...

from the blogs

Xero:
A billion-dollar software company that had five years in stealth at the bottom of the planet

By Hamish McKenzie
On May 1, 2013


.....Now, as it is making a serious push in the US, Xero suddenly looks like a major threat to Intuit’s QuickBooks, the dominant player in accounting software, which is attempting to transform itself into an online business.


….Xero already has offices in Australia and the UK , and a year ago it set up shop in San Francisco , where it has 30 staffers.
Drury plans to grow the San Francisco team to 200 employees within 18 months, which would make it roughly the same size as its Wellington headquarters.


That office will play a very important role as Xero creeps towards the ultimate goal: an IPO.

Calling
Xero a “global company that started in New Zealand,”
Drury says he plans to list on a US stock exchange once it reaches $100 million in revenue, which he thinks will happen in the next couple of years.

Having already experienced an acquisition with AfterMail, he wants more.

“When you’ve already been acquired, that’s not your goal,” he says. Gunning for the top is too much fun.

http://pandodaily.com/2013/05/01/xero-a-billion-dollar-software-company-that-had-five-years-in-stealth-at-the-bottom-of-the-planet/

https://twitter.com/PandoDaily/statuses/329722712102674434



what xero's Oz customers - Alkemi & FITAUS - say:


Nathan Stewart is founder and CEO of Alkemi – one of Australia 's largest specialist internet marketing agencies.
..........

Nathan says that Xero is, "truly the 'world's easiest accounting system’" and as a result Alkemi can operate more productively with easy access to key financial data.

http://www.xero.com/customers/alkemi



FITAUS is the only specialist site in Australia that focuses solely on job advertisements for people seeking employment in the health & fitness, sport & recreation, and spa & beauty sector
..
Richard had tried everything – MYOB, Excel, even an abacus!
..
The switch to Xero has resulted in Richard becoming interested in accounting for the first time and has actually made it enjoyable for him because of the ease now associated with it.

"Being online and available from anywhere is a major factor, so whether I’m in Australia or New Zealand I can still keep an eye on the business."........

http://www.xero.com/customers/fitaus/