Story image

Xero celebrates 1m subscriber milestone

05 Dec 18

Xero’s done it – this year the company had a goal of reaching one million subscribers across New Zealand and Australia – and this week the company has passed that milestone with flying colours.

Within New Zealand and Australia over the last 12 months, Xero says 259 million invoices and $1.51 billion worth of transactions have passed through its platform; every month 1.2 million employees have been paid through Xero payroll. 

“Our growth is an indication of the strength of the small business economy across Australia and New Zealand,” says Xero’s managing director of Australia and Asia, Trent Innes.

“Our data shows there is a direct correlation between digital connectivity and positive business outcomes for small business. We believe that best-in-class cloud technology positively drives economic prosperity for small business and as a result - the broader economy.”

Xero has been working hard on developing its partner community across A/NZ. More than 3500 people attended Xerocon Brisbane this year, while 13,000 people registered for the company’s partner roadshows across both countries.

“Our A/NZ partners are the true early adopters when it comes to cloud technology. We couldn’t have achieved this milestone without the partnership from this community to help shape the platform. We’re very grateful for their support and joining us on this journey,” says Xero’s managing director of New Zealand & Pacific Islands, Craig Hudson.

He explains that Xero’s purpose is to help small businesses grow – something that has a positive impact on the world. Cloud technology has revolutionised the way those businesses operate.

“In New Zealand and Australia the penetration of cloud accounting sits around 40 percent, more than double what it is worldwide, which shows clear leadership and uptake,” says Hudson.

“This is exciting, because while both New Zealand and Australia are geographically distant, the innovation we see coming from our region is powered by cloud technology and global connectivity.”

Innes adds that one of the common dreams New Zealanders and Australians have is to be their own boss.

“It takes guts to risk it all to follow that passion. We have some of the most hard working and creative customers out there who are truly demonstrating what beautiful business is,” Innes says.

Xero has also been bolstering its presence in the United Kingdom and Canada this year with a number of acquisitions and partnerships. 

“Xero’s next opportunity for growth centres on the continued evolution of cloud technology and together, with our small business customers and partners, we are paving the way to extend business offerings on the Xero platform,” Concludes Hudson.

Disruption in the supply chain: Why IT resilience is a collective responsibility
"A truly resilient organisation will invest in building strong relationships while the sun shines so they can draw on goodwill when it rains."
The disaster recovery-as-a-service market is on the rise
As time progresses and advanced technologies are implemented, the demand for disaster recovery-as-a-service is also expected to increase.
Cohesity signs new reseller and cloud service provider in Australia
NEXION Networks has been appointed as an authorised reseller of Cohesity’s range of solutions for secondary data.
The key to financial institutions’ path to digital dominance
By 2020, about 1.7 megabytes a second of new information will be created for every human being on the planet.
Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
What disaster recovery will look like in 2019
“With nearly half of all businesses experiencing an unrecoverable data event in the last three years, current backup solutions are no longer fit for purpose."
NVIDIA sets records with their enterprise AI
The new MLPerf benchmark suite measures a wide range of deep learning workloads, aiming to serve as the industry’s first objective AI benchmark suite.
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.