New Zealand-based cloud accounting software company, Xero, recently held its annual meeting where it released some interesting metrics and announced it has reached 100k paying customers.
Here’s a summary of what it disclosed:
- While it took 5 years to reach its first 50k paying customers, it took only 10 months to acquire the second 50k paying customers
- Its annualized committed monthly revenue had increased to $34.5 million, up from $25.5 million at the end of March 2012
- It is considering a dual listing on the Australian Security Exchange (ASX) to facilitate Australian shares purchasing
To learn more about Xero, watch its FinovateSpring 2011 demo.