April 3, 2017 IBOMLLC Team

Xero’s Cloud Accounting has over 1 million subscribers globally

Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

In what can be perceived as SMEs rapid adoption for cloud-based SaaS solutions, Xero Limited, an online accounting software company says it now has over one million subscribers globally.

In the last two years, Xero subscribers of its cloud accounting packages has grown worldwide with over 300,000 new subscribers registers in just the last one year. The Xero’s accounting software solutions launched in South Africa in 2016 and has since grown rapidly registering many users.

Five-and-a-half years ago, at 50,000 subscribers, we asked shareholders to imagine our business at a million subscribers. We invested for the long term to build a business and ecosystem to achieve those numbers. It’s very satisfying to deliver on that promise,” said Xero CEO and Founder Rod Drury.

Starting around ten years ago with our first lines of code, it’s amazing to see the global community who have built businesses on our platform. We thank our accounting and bookkeeping partners, small businesses customers, our Xero people, and investors who have been cloud pioneers, reinventing how small businesses work in a digitally connected world.”

Cloud computing has disrupted the business world over the past one …read more

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