Xero stories - Page 8

Snakk Media named the 6th fastest-growing business in New Zealand on the Deloitte Fast 50 index, announced last night at a ceremony in Auckland.

Company raises new capital from a range of US and New Zealand investors, including existing shareholders Matrix Capital Management and the Peter Thiel.

Xero, the cloud-based accounting firm whose shares have soared 150 percent this year, said first-half sales almost doubled as it continued to chase cu.

Company hits 200,000 customers, closes new channel deals and appoints three new executives - one of which was previous Microsoft New Zealand CTO.

IT resellers should look beyond their industry to grow, says GeoOp's Leanne Graham. Partnering with accountants to resell cloud apps can yield high margins.

Xero, the cloud-based accounting firm, widened its annual loss in line with is guidance while using cash reserves to double revenue and paying custome.

Xero has doubled annual sales as its customer numbers continued to surge and said it expects an annual loss of below $15 million.

Fresh from becoming New Zealand's latest billion dollar company, Xero has announced the appointment of Stuart McLean as it's new chief revenue officer.