Xero Limited

Description

Founded in 2006, Xero Limited (ASX:XRO) is a New-Zealand based company that belongs to the Information Technology sector. The company is known for developing cloud-based accounting software for small and medium-sized businesses.  Xero Limited (ASX:XRO) uses modern technology to automate the entire accounting process for small business organisations, which enables them to carry out accurate calculations within a quick span of time.  Xero’s accounting software is based on the Software as a service (SaaS) model. The company operated by selling its software through subscriptions. At present, Xero has about three million subscribers in more than 180 countries.  Xero Limited (ASX:XRO) is led by David Thodey AO as the Chair of the Board, Steven Aldrich as the Non-executive Director of Xero, Mark Cross as the Non-executive Director, and Rod Drury, the founder and Non-executive Director of the company.  Xero Limited (ASX:XRO) has a global presence with several offices in New Zealand, Australia, United States, United Kingdom, Canada, Singapore, Hong Kong and South Africa.  Xero has also acquired several companies. The most recent acquisitions by Xero were the acquisition of Planday, a Danish workforce management platform, in March 2021 and the acquisition of the Canadian tax software provider TaxCycle in November 2021.