Xero
Xero Limited is a New Zealand-based technology company that specializes in cloud-based accounting software designed for small and midsize enterprises, as well as accounting practices. Founded in 2006 and headquartered in Wellington, Xero offers a comprehensive suite of tools, including its core accounting software, a mobile app, and various solutions for accountants and bookkeepers, such as Xero HQ and Xero Practice Manager. The platform enables users to efficiently manage cash flow, invoicing, payments, and reporting through a subscription model with three tiers: starter, standard, and premium. Xero has established a strong market presence in New Zealand and Australia, successfully competing against traditional accounting software providers, and has expanded its services to other English-speaking countries, particularly the United Kingdom.
Past deals in New Zealand
Tickstar
Acquisition in 2021
Tickstar specializes in cloud-based eDelivery infrastructure services, catering to governments and businesses globally. The company is a pioneer, having developed the first production-ready Peppol Access Point and facilitating the inaugural cross-border transaction through the Peppol network. As one of only three Service Metadata Publishers (SMP) worldwide, and the sole multi-tenant SMP provider, Tickstar holds accreditations to deliver Peppol services across multiple regions, including Europe, Australia, New Zealand, Singapore, and Japan. Its robust infrastructure supports a diverse clientele, with over 20 countries relying on its services, including prominent organizations such as Xero, SAP, DBS Bank, and various government entities. Tickstar's offerings enable secure international exchange of business documents, particularly in e-invoicing, thereby streamlining cross-border business processes.
Waddle
Acquisition in 2020
Waddle provides a flexible, on-demand revolving line of credit tailored for businesses. Utilizing a fully online, cloud-based platform, Waddle modernizes the financing industry by allowing users to link their accounting software, such as Xero, QuickBooks Online, or MYOB, to access funds against future payments. The platform is designed for ease of use, offering loans and credit based on unpaid invoices, which helps businesses manage cash flow effectively and support growth. Waddle is recognized as the highest-rated financial services partner for Xero accounting software in Australia and New Zealand, distinguishing itself through its 100% automated accounting add-on functionality.
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