Xero reaches 20,000 customer milestone

Monday, 14 June 2010

Online accounting software provider Xero (XRO) announced today that it now has more than 20,000 paying small business customers. This compares with more than 17,000 reported at 31 March 2010.
Reaching 20,000 paying customers is an important milestone for Xero, as the Company works towards breakeven.

"In New Zealand we are taking significant market share from the incumbents who are yet to deliver a credible online product, says Xero CEO Rod Drury.

"For many people Xero is the first accounting system they have selected to run their accounts and this demonstrates we are expanding the market for accounting software," he says.

In the UK and Australia Xero continues to make good progress by replicating the accounting partner channel strategy, which is working so well in New Zealand.

Comments from our readers

On 18 June 2010 at 3:54 am Mark Lawton said:

All accountants need now is an online cost effective tax management package that integrates with Xero. It would be great to have a system that you paid for per job/client or had a monthly subscription to as you do for Xero. This keeps software companies on there toes to retain their customers by offering great service on an ongoing basis.

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