On May 21, Xero, the global leader in online accounting software, announced new data revealing that U.S. small businesses (SMBs) using Xero accounting software and invoicing tools are getting paid faster year-over-year and faster than average U.S. businesses.
Xero, the global leader in online accounting software, reported significant growth for the company's fiscal year ended March 31, 2014. Operating revenue increased to $57.6 million - an 83 percent increase from last year. Additionally, annualized customer committed subscriptions jumped by 87 percent to $80.6 million.
Xero Limited has bolstered its board and US management team with the appointment of a new board chairman, adding a further US based director, and establishing a new role of CEO, North America following its $150 million capital raise in October 2013.
Chris Liddell takes on the role as board chairman, Bill Veghte has been appointed as a director, and Peter Karpas will lead the US team as CEO, North America.
Xero, the global leader in small business accounting software, and Squarespace, the leading all-in-one website publishing platform, announced today a partnership that has produced two unique and powerful offerings to help both small business (SMB) commerce merchants as well as accountants and bookkeepers.