Company Overview

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Founded:
July 1, 2006
Founders:
Hamish Edwards
Employees:
693
Headquarters:
Wellington
Funding:
$244.2M
Categories:
Personal Finance, CRM, Collaboration, Banking, SaaS, Business Services, Billing, Finance, Accounting, Software
Description:
Xero provides cloud accounting software and services for accounting professionals and small businesses, with over 300,000 global customers

Detailed Description

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Xero provides online accounting software and services for small and medium businesses. It includes a full accrual accounting system with a cashbook, automated daily bank feeds, invoicing, debtors, creditors, sales tax and reporting.

Xero is listed on the New Zealand Stock Exchange and the Australian Securities Exchange. It has over 300,000 users and paying customers in more than 100 countries. Xero is most active in New Zealand, Australia, the United Kingdom and the United States.

Xero's Software as a Service business model where software is hosted on the Internet as an innovative means of supplying solutions to large fragmented markets such as small businesses. Xero releases new features approximately every month. Additions and extensions to functionality are developed in response to the needs of new customers and new industries.

Xero is a Microsoft Gold Certified Partner. The Xero software is developed using Microsoft's .NET development environment, over a multi-tenanted SQL Server 2008 database, on a Windows 2008 production server infrastructure. Our production servers are hosted by Rackspace, a tier-one NASDAQ listed hosting provider, which monitors our servers and firewalls 24/7/365 at guarded facilities. Xero has also implemented a global Content Delivery Network with Akamai for faster application delivery to customers around the world.

We have made a significant investment in this global production hosting platform, providing it with the capacity for future growth and ensuring security of customer data.

In 2009, Xero won two Webby Awards for world-class software usability and design. In 2012, Xero was a recipient of the Fast Company Innovation by Design Award in the Service Design category. In 2013, the company was named by Forbes as the #1 Most Innovative Growth Company in the world.

Current Team (14)

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Past Team (3)

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Funding Rounds (6) - $244.2M

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Board Members and Advisors (1)

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Products (1)

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  • Hnxc9k7lqovgouuntolc

    Xero

    Xero was launched in 2007

Investors (5)

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Offices/Locations (7)

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  • Headquarters

    3 Market Lane

    Wellington,

    NZL

  • US Headquarters

    101 Green Street

    5th Floor

    San Francisco, CA 94111

    USA

  • UK Headquarters

    500 Avebury Boulevard

    Milton Keynes, MK9 2BE

    GBR

  • Canberra Office

    Level 2, 33-35 Ainslie Avenue

    Canberra ACT, 2601

    AUS

  • Sydney Office

    Suite 1 1 Mary's Place

    Surry Hills NSW, 2010

    AUS

  • Australian Headquarters

    1/6 Elizabeth Street

    Hawthorn

    Melbourne, 3121

    AUS

  • Auckland Office

    Level 1 69 St Georges Bay Road

    Parnell

    Auckland,

    NZL

Competitors (9)

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