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Thanks Titus.
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from you article:
"Drury said overseas investors, particularly those in the US, wanted exposure to cloud-based technology like Xero's.
Cloud computing means users' information is stored in data centres rather than on their personal devices.
"In US investor circles they're seeing this massive transition to the cloud like we've seen in mainframes [the computers that pre-dated PCs] to mini computers,"
Drury said.
He said a XeroCon conference that will take place in San Francisco in September(2013) would be the company's
*"big launch" in the US.
"We'll have a whole day to show people in the US the breadth of what we've done for the last seven years,"
Drury said.
"At the moment we're building payroll in the US, opening offices in Denver and New York."
...
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10894859
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Xero on trajectory to success
By Dene Mackenzie on ODT
Sat, 6 Jul 2013
..Craigs Investment Partners broker Chris Timms says...
''Xero has a strong following in New Zealand's small businesses. Accountants are using the software and are recommending Xero to their clients. A Dunedin firm is a big pusher of Xero software.''
.....
Milford Asset Management executive director Brian Gaynor said Xero could, within the next few years, become New Zealand's biggest company in terms of market capitalisation.
That title was now held by Fletcher Building, which was worth *$5.8 billion yesterday.
.....
Mr Timms said Craigs estimated the US online account market could potentially be
*40 times the size of New Zealand's and more than
*6 times the size of Australia's market.
..........
http://www.odt.co.nz/news/business/263788/xero-trajectory-success
