Xero doubles customers, makes senior appointment

Xero doubles customers, makes senior appointment

Xero has announced a new senior appointment after declaring it has doubled its Australian customer base in the last 12 months.

The software giant said that, as at 30 September 2014, it had 158,000 Australian customers, up from 79,000 12 months ago.

Chris Ridd, managing director of Xero Australia said he was delighted with the reception Xero has received from Australian small businesses.

“Our lack of legacy and ability to attract quality talent has allowed us to emerge as the clear leader of online small business accounting in Australia."

"Australia is Xero's largest market and we will continue to invest heavily to improve the lives of our customers.”

Demonstrating its commitment to the market, the Xero Group has appointed a new chief marketing officer. Andy Lark, who has previously held senior roles at both the Commonwealth Bank and Dell, will take on the role from November.

Xero’s chief executive, Rod Drury said the appointment demonstrates Xero’s ability to attract world-class talent to continue to improve the Xero service.

“Andy has been involved with Xero since the beginning as a sounding board — and now as part of our leadership team he will be able to play a direct role in driving our momentum, brand and product through our next phase of growth,” said Mr Drury.

The firm also announced plans to increase its Australian headcount in 2015 as the software provider continues to grow in the market.

Xero's subscription revenue in Australia grew 115 per cent to NZ$23.9 million for the six months to 30 September 2014, compared to NZ$11.1 million for the equivalent period last year.

Globally, Xero’s customer base has grown 76 per cent to 371,000 customers and in August this year, Xero passed US$100 million annualised committed monthly revenue.

Xero doubles customers, makes senior appointment
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