Xero acquires South African analytics platform Syft for US$70 million
Global accounting software group Xero (ASX:XRO) will pay up to US$70 million (around AU$104 million) for South African cloud-based reporting and analytics platform Syft.
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Xero Limited
We started Xero to change the game for small business. Our beautiful cloud-based accounting software connects people with the right numbers anytime, anywhere, on any device. For accountants and bookkeepers, Xero helps build a trusted relationship with small business clients through online collaboration. We’re proud to be helping over 2 million+ subscribers worldwide transform the way they do business. And we’re just getting started.
Founded in 2006 in New Zealand, Xero is one of the fastest growing software as a service companies globally. We lead the New Zealand, Australian, and United Kingdom cloud accounting markets, employing a world-class team of more than
3,000+ people. Forbes identified Xero as the World’s Most Innovative Growth Company in 2014 and 2015.
Small business makes the world go round – it’s the heart of the global economy. We want millions of small businesses to thrive through better tools, information and connections. Like all great challenges, we can’t do it by ourselves: we work closely with our customers, partners, and other friends to push innovation forward, turning Xero into the online business platform for the world.
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News
Strong growth and profitability for Xero in FY24
Accounting software multinational Xero (ASX:XRO) has reaped the benefits of the restructuring and management change a year or so ago and the new direction she brought to the group.
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Investors vote on Xero’s results
Investors gave Xero's solid rebounding interim results a thumbs-down. This decline was much larger than the broader market.
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Xero Shares Back in Triple Figures after Strong Result
The arrival of accounting software giant Xero’s 2022-23 annual results yesterday brought with it news that sent the shares back over the $100 mark.
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Xero the Latest Techie to Feel the Pinch
NZ accounting software maker Xero has become the latest technology company to announce major staff cuts, telling investors on Thursday it would axe up to 800 roles around the world.
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Market Punishes Xero to the Tune of 10%
Investors punished accounting software multinational Xero yesterday after it released mixed interim results which were topped by the surprise exit of CEO Steve Vamos.
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XRO – Morgans rates the stock as Add
Morgans initiates coverage on cloud-based accounting software platform Xero with an Add rating and target price of $90.25.
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Xero Margin for Error in the Current Environment
Investors in software group Xero took out the axe with the long handle yesterday and gave the company’s shares a good whack after what they thought was a disappointing annual result.
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XRO – Macquarie rates the stock as Underperform
The $130 target price and Underperform rating are maintained.
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Market Shows Xero Tolerance for Cost Creep
Shares in Xero Ltd fell more than 6% yesterday as the company reported a 19% dip in first half earnings and committed itself to continue spending heavily on expansion.
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