FinovateEurope 2011 / Xero
Presenter Profile:
How they describe themselves: Xero is the world’s easiest accounting system with 27,000 small business customers and accountants using its award winning online accounting application around the world. Xero has strategic partnerships with banks and telecoms providers in its core geographies. Founded in July 2006 by successful technology entrepreneur Rod Drury and specialist small business accountant Hamish Edwards, Xero is listed on the New Zealand Stock Exchange (NZX : XRO) and is a fast growing company with teams in New Zealand, Australia, the UK and the United States. In December 2010 Xero was ranked 8th in Deloitte’s Asia Pacific Fast 500.
How they describe their product/innovation: Xero’s SaaS accounting application is revolutionizing small business accounting globally. As well as being the first global online accounting app for small businesses, Xero’s tight integration with customer banking data represents the first real innovation in accounting software in years.
Contacts:
Bus. Dev., Press, Sales: Gary Turner, Managing Director, gary.turner@xero.com,
+44 7590 560561
Website: www.xero.com
Blog: blog.xero.com
HQ Location: Wellington, New Zealand
Company Founded: July 2006
Product Being Demoed: Xero
Product Launched: July 2006
Metrics: $35M USD raised to-date, 101 employees, ramping annualized revenues now at $6.81M USD ($2.27M USD prior year), Xero has 27,000 paying customers in 50 countries.
- Key Executives
Rod Drury (CEO), Alastair Grigg (COO), Gary Turner (UK Managing Director) Key Board Members: Rod Drury (CEO), Craig Winkler (Non-Executive Director), Sam Morgan (Non-executive Director), Alastair Grigg (COO) Key Advisory Board Members: Peter Thiel (Founder of PayPal, founding investor in Facebook), Andy Lark (VP Global Marketing, Dell)
Key Stats
- Key Board Members
Rod Drury (CEO), Alastair Grigg (COO), Gary Turner (UK Managing Director) Key Board Members: Rod Drury (CEO), Craig Winkler (Non-Executive Director), Sam Morgan (Non-executive Director), Alastair Grigg (COO) Key Advisory Board Members: Peter Thiel (Founder of PayPal, founding investor in Facebook), Andy Lark (VP Global Marketing, Dell)
- Key Advisory Board Members
Rod Drury (CEO), Alastair Grigg (COO), Gary Turner (UK Managing Director) Key Board Members: Rod Drury (CEO), Craig Winkler (Non-Executive Director), Sam Morgan (Non-executive Director), Alastair Grigg (COO) Key Advisory Board Members: Peter Thiel (Founder of PayPal, founding investor in Facebook), Andy Lark (VP Global Marketing, Dell)
- Key Investors
Craig Winkler (former CEO and Founder, MYOB), Sam Morgan (former Founder, Trademe.co.nz)
- Key Partnerships
BT, Bank of New Zealand, Telstra, ANZ, Telecom NZ.