WELLINGTON: Xero Limited (ASX: XRO) is acquiring Syft Analytics, a leading global cloud-based reporting, insights and analytics platform for accountants, bookkeepers and small businesses. The acquisition will accelerate Xero’s insights, advanced reporting and analytics offerings for customers in Australia, the UK, the US and its other markets globally. Xero plans to embed Syft’s functionality within…
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Xero Limited to buy Calgary based TaxCycle for CAD 75mn
WELLINGTON: Xero Limited (ASX: XRO) is acquiring TaxCycle (Trilogy Software Inc) to support Xero’s strategy for growth in this strategically important market. Total consideration for the purchase of TaxCycle and subsequent employee incentive payments will be CA$75 million. On completion, which is expected to take place by 31 December 2021, consideration for TaxCycle of CA$70…
Xero Limited to acquire LOCATE Inventory for $19 million
WELLINGTON, NEW ZEALAND: Xero Limited is acquiring LOCATE Inventory or LOCATE (the trading name of New Tack Inc), a US cloud-based inventory management provider, to better support the inventory needs of small business and enhance its ecommerce capability. The acquisition will embed LOCATE’s inventory and ecommerce talent and capability within Xero to enhance Xero’s inventory…
Xero Limited to acquire Planday for upto €183.5 million
WELLINGTON: Xero Limited announced the acquisition of Planday, a leading workforce management platform with more than 350,000 employee users across Europe and the UK that simplifies employee scheduling, allowing businesses to forecast and manage their labour costs. Aligned with Xero’s strategic priority to grow the small business platform, the acquisition of Planday will help more…
Xero announces US$600 million convertible notes offering
WELLINGTON: Xero Limited has launched an offering of US$600 million senior unsecured convertible notes due 2025 to be issued by its wholly-owned subsidiary, Xero Investments Limited, and guaranteed by Xero. Xero CEO Steve Vamos said: “This announcement represents the next step in our ongoing program to optimise Xero’s financial structure as we continue to execute…
Xero Limited (ASX:XRO)
Click Here Xero Limited (ASX:XRO) share price Xero Limited is a New Zealand domiciled public technology company, listed on the Australian Securities Exchange. Xero is a cloud-based accounting software platform for small and medium-sized businesses. The company has three offices in New Zealand (Wellington, Auckland and Napier), six offices in Australia (Melbourne, Sydney, Canberra, Adelaide,…
Xero to acquire invoice lending platform Waddle for a total of AUD $80 million
SINGAPORE: Xero Limited has announced the acquisition of Waddle, a cloud-based lending platform that helps small businesses access capital through invoice financing. With an upfront cash payment of AUD $31 million and subsequent earnout payments based on product development and revenue milestones, of up to AUD $49 million, the total potential consideration for the purchase…